![]() A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough January 2, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Draftkings takes about 5.20% weight in the fund. The ARK Fintech Innovation ETF is actively managed and seeks long-term growth of capital. ![]() The fund charges 83 bps in fees.ĪRK Fintech Innovation ETF ( ARKF Quick Quote ARKF - Free Report) Draftkings takes about 5.27% weight in the fund. North America takes about 90.43% of the fund. exchange traded foreign equity securities of companies that are relevant to the theme of next generation internet. The ARK Next Generation Internet ETF is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily in domestic and U.S. The fund charges 75 bps in fees.ĪRK Next Generation Internet ETF ( ARKW Quick Quote ARKW - Free Report) Sportsbook (35.2%), iGaming (23.7%), Technology (20.6%) and Casinos (18.3%) have weights in the four industries. Draftkings is the top-most holding of the fund with about 8.32% weight. The underlying Roundhill Sports Betting & iGaming Index tracks the performance of a tiered-weight portfolio of globally-listed equity securities of companies that are actively involved in the sports betting industry. Roundhill Sports Betting & iGaming ETF ( BETZ Quick Quote BETZ - Free Report) The company has also boosted its expected earnings before interest, taxes, depreciation, and amortization (EBITDA) to a decline of $350 million to $450 million, from a loss of $475 million to $575 million.Īgainst this backdrop, investors may be interested to know about the ETFs DraftKings is heavy on. The company said its updated guidance equates to year-over-year growth of 27% to 36%. ![]() Average MUP revenue gained 42% to $109.ĭraftKings has upped its fiscal year 2023 revenue guidance to a range of $2.85 billion to $3.05 billion from the previously announced range of $2.8 billion to $3 billion. Average monthly unique payers (MUPs) rose 31% from a year ago to 2.6 million. The company attributed the results to sustained customer retention, acquisition and engagement in existing states, as well as successful launches of its Sportsbook and iGaming products in additional jurisdictions. ![]() States where sports betting became legal recently are also boosting sales. The company has topped consensus revenue estimates four times over the last four quarters.ĭraftKings was the number one most downloaded sportsbook app in the United States on Super Bowl Sunday, said Jason Robins, DraftKings CEO and Co-Founder, quoted on CNBC. This compares to year-ago revenues of $473.33 million. This compares to loss of $0.80 per share a year ago.ĭraftKings posted revenues of $855.13 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 6.83%. Sports-betting company DraftKings ( DKNG Quick Quote DKNG - Free Report) shares jumped more than 15% on after the company came out with a quarterly loss of $0.53 per share versus the Zacks Consensus Estimate of a loss of $0.62. ![]()
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