FactSet Survey: Analysts Lower DraftKings 2026 EPS Estimate to $0.19

Summary

A FactSet survey of 24 analysts shows the median 2026 EPS estimate for DraftKings (DKNG) has been revised downward from $0.20 to $0.19, with a consensus price target set at $31.00 AnueSec. This follows a Q1 2026 report showing a net profit of $21.07 million and an EPS of $0.03 .

Impact Analysis

So basically, analysts are starting to shave the edges off the long-term bull case for DraftKings. A one-cent trim to 2026 EPS ($0.20 to $0.19) AnueSec isn’t a thesis-killer, but it’s a tell that the ‘hyper-growth’ honeymoon is transitioning into a ‘prove-it’ marriage.

The interesting part isn’t the tiny downgrade; it’s the massive disconnect between the $31 price target AnueSec and the reality of the stock trading at $22.83 . Even with a profitable Q1 ($0.03 EPS) and impressive 77% gross margins , the market is voting with its feet—the stock dropped roughly 4% yesterday .

I’d read this as the market being much more cynical about the 2026 ramp than the sell-side. Everyone’s focused on the path to profitability, but this revision suggests the ceiling might be lower than hoped. Until we see if they can defend those margins while scaling, that $31 target remains a distant dream. I’m watching to see if this ‘minor’ trim is the start of a broader downward re-rating.