DraftKing’s Earnings and Royal Caribbean Cruises on a Collision Course!
DraftKings is scheduled to report second-quarter earnings on Aug. 14, and analysts are expecting the company to report a loss. Estimates have revenue around only $65 million which is nothing for a company with a $12-billion-dollar market cap, but eyes will also be focused on other news.
Questions remain about the fate of NFL and college football seasons. If full seasons can be played, it presents a great opportunity for DraftKings to get back on track. However, a cancelled season would mean more lost revenue.
Royal Caribbean Cruises Ltd. recently announced that it would be suspending all cruises until November. A share in the company is worth less than half of its price at the beginning of the year, and this announcement indicates that its value could dip even lower.
The company will report earnings today with its second quarter performance expected to be dismal. What will be intriguing are any plans the company announces to steer the ship back on course.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.