It has been about a month since the last earnings report for TransDigm Group (TDG - Free Report) . Shares have lost about 1.8% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is TransDigm due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.
TransDigm Group Incorporated reported second-quarter fiscal 2026 adjusted earnings of $9.85 per share, which topped the Zacks Consensus Estimate of $9.32 by 5.7%. The bottom line also improved 8% from the prior-year quarter’s figure of $9.11.
The company reported GAAP earnings of $9.20 per share compared with $8.24 in the year-ago quarter.
TransDigm’s Q2 Sales DiscussionSales amounted to $2.54 billion, up 18% from $2.15 billion registered in the prior-year period. The reported figure also topped the Zacks Consensus Estimate of $2.42 billion by 4.9%.
Organic sales, as a percentage of net sales, grew 11%.
TDG’s Operating ResultsThe gross profit was $1.51 billion, up 18.6% from the year-ago quarter’s level of $1.27 billion.
TDG’s interest expenses increased 28% year over year to $484 million.
Net income increased 11.9% year over year to $536 million.
During the fiscal second quarter of 2026, TDG repurchased 602,070 shares of its common stock at an average price per share of $1,201 for a total amount of $723 million. For the 26 week period ended March 28, 2026, the company repurchased 687,282 shares of its common stock at an average price per share of $1,207 for a total amount of $829 million.
TransDigm’s Financial PositionCash and cash equivalents as of March 28, 2026, amounted to $3.89 billion, up from $2.81 billion recorded as of Sept. 30, 2025.
Long-term debt as of March 28, 2026, totaled $31.15 billion, up from $29.2 billion as of Sept. 30, 2025.
Cash from operating activities amounted to $967 million compared with $900 million in the year-ago period.
TDG’s 2026 GuidanceThe company now expects its net sales to be in the range of $10.300-$10.420 billion compared with the previous guidance of $9.845-$10.035 billion. The Zacks Consensus Estimate is pegged at $10.04 billion, which is lower than the company’s newly guided range.
TDG expects fiscal 2026 adjusted earnings to be in the band of $38.83-$40.21 per share compared with its previous guidance of $37.42-$39.34 per share. The Zacks Consensus Estimate for fiscal 2026 earnings is pegged at $39.15 per share, higher than the midpoint of the company’s revised guided range.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates review.
VGM ScoresCurrently, TransDigm has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, TransDigm has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
States and the federal government may be battling over who has the power to regulate prediction markets, but the companies building them are chugging along as the platforms continue to experience huge growth.
The Commodity Futures Trading Commission and six states across the country are in lawsuits over who has the jurisdiction to develop regulations on event contracts. Seventeen states in total are challenging companies with prediction markets — like Kalshi, Polymarket, Coinbase and Robinhood — and one has moved to ban them entirely.
States are arguing that they have the ability to regulate these platforms due to their sports businesses, which they say are equivalent to gambling. Sports event contracts make up the majority of volume on prediction markets. However, the CFTC argues its right to regulate swaps and derivatives places all of these contracts under its jurisdiction.
Congress is also stepping in with its own plans. House Oversight and Government Reform Committee Chairman James Comer told CNBC's "Squawk Box" on Friday that he is seeking information from Kalshi and Polymarket's CEOs on their internal efforts to regulate insider trading.
But legal uncertainty isn't halting the confidence to invest in growing these platforms, based on comments from private companies' leadership and private ones' valuations.
"There's a lot of noise around the legal position-setting prediction markets," said Flutter Entertainment CEO Jeremy Peter Jackson in its earnings call earlier this month. Flutter owns FanDuel Predicts. "Until we get through and understand ultimately what the Supreme Court says, I think we're going to live with this uncertainty."
Jackson said his company will continue to invest in market-making on third-party prediction market platforms, a new strategy it unveiled in its last earnings report, despite the legal questions.
DraftKings CEO Jason Robins said on a May earnings call that he sees the investment in the company's prediction market platform as a long-term one.
"Obviously, there's always the chance that something regulatory wise or other changes, but assuming a consistent environment to what we see today, I expect that we'll continue to invest in 2027."
Legal questions aren't slowing down private company growth either. Kalshi said its valuation is now $22 billion after a recently announced funding round, rising from $11 billion in December. Polymarket's reportedly $15 billion valuation is up from $9 billion in October.
Terrence Duffy, CME Group CEO — which helped develop FanDuel Predicts — said on an earnings call last month that while the legal fuss is over sports, other event contracts like on economics, politics and financial predictions are under less scrutiny. That's why he thinks they're growing. Bernstein estimates sports contracts will make up only about 30% of volumes by 2030.
While he disagrees with the states, Robinhood CEO Vlad Tenev said he understands their frustrations.
"I would love it if the states didn't have concerns, but it's also … not irrational, right?" he said on Robinhood's April earnings call. "This is a jurisdictional dispute … and this is something that'll play out in the coming years."
Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
On June 01, 2026, DraftKings Inc DKNG shares rose 7.5% to a current price of $26.33. The stock has experienced a wide trading range over the past year, reaching a high of $48.78 and a low of $20.46.
GF Value™ verdict: The current price is $26.33, which is 50.7% undervalued compared to the GF Value™ of $53.40.GF Score™: 69/100 (Above Average), indicating a relatively solid performance among stocks.Most notable signal: Insiders sold $13.2M in the last 3 months with no buying activity. Is DKNG Overvalued or Undervalued? DraftKings Inc DKNG is currently trading at $26.33, significantly below the GF Value™ of $53.40, suggesting that the stock is undervalued by 50.7%. This presents a potential opportunity for investors looking for stocks that may increase in value. However, the GF Valuation label indicates that DKNG is a possible value trap, which means that although the stock appears undervalued, there are risks that could prevent it from realizing its fair value in the near future. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
The margin of safety provided by the current price in relation to the GF Value™ is substantial. However, investors should proceed with caution, considering the company's recent financial performance and insider selling activity.
How Does DKNG's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 438.8x 386.3x Forward P/E 97.5x - DraftKings' current P/E (TTM) of 438.8x is above its 5-year median P/E of 386.3x, indicating that the stock is trading at a higher valuation than it has historically. This analysis agrees with the GF Value™ verdict, suggesting that while the stock may appear undervalued at first glance, its elevated P/E ratio raises concerns about potential overvaluation.
What Does DKNG's GF Score™ Tell Us? Metric Rating GF Score™ 69/100 Financial Strength 5/10 Profitability 4/10 Growth 9/10 Valuation 2/10 Momentum 4/10 The GF Score™ of 69/100 indicates that DraftKings has an above-average potential for long-term returns. The strongest aspect of DKNG's score is its growth rank of 9/10, suggesting robust future growth expectations. Conversely, the weakest area is the valuation rank of 2/10, which aligns with the high P/E ratio and indicates that the stock may be overvalued relative to its earnings.
What Are Insiders Doing with DKNG Stock? Recent insider activity shows that insiders have sold $13.2 million worth of shares in the last three months without any buying activity. This pattern may suggest a lack of confidence in the company's short-term prospects or a belief that the stock is currently overvalued. The absence of insider buying further raises caution for potential investors.
What This Means for Investors Based on the GF Value™ assessment, DraftKings Inc DKNG appears to be undervalued; however, the high P/E ratio and recent insider selling signal potential risks that could affect future performance. Investors should weigh these factors carefully.
For the complete analysis, visit the DraftKings Inc DKNG stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is DKNG's GF Score™?
The GF Score™ for DraftKings Inc is 69/100, indicating that it has an above-average potential for long-term returns based on key financial metrics.
Is DKNG overvalued or undervalued?
According to the GF Value™, DKNG is currently undervalued by 50.7% compared to its estimated fair value of $53.40.
What is DKNG's P/E ratio?
DraftKings has a P/E (TTM) of 438.8x, which is above its 5-year median P/E of 386.3x, indicating that the stock is trading at a higher valuation than its historical average.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
On June 02, 2026, DraftKings Inc DKNG shares fell 3.9% to a current price of $25.30. This decline comes amidst a volatile performance over the past year, which has seen shares fluctuate significantly within a 52-week range of $20.46 to $48.78.
GF Value™ verdict: DKNG is currently priced at $25.30, which is 52.6% lower than its GF Value™ of $53.43.GF Score™: DKNG has a GF Score™ of 69/100, indicating it is rated as above average.Most notable signal: Insider activity shows that insiders sold $13.2M worth of stock in the last 3 months, with no buying reported. Is DKNG Overvalued or Undervalued? DraftKings Inc DKNG currently trades at $25.30, significantly below its GF Value™ of $53.43, suggesting that the stock is undervalued by 52.6%. This presents a potential opportunity for value investors, as the current price indicates a substantial margin of safety compared to the estimated intrinsic value. However, caution is warranted as GuruFocus has labeled DKNG as a "Possible Value Trap," signaling that investors should think twice before considering this stock. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
Despite the attractive valuation, the risk of investing in DKNG remains high due to its recent price volatility and the noted insider selling. Investors need to weigh these factors carefully against the potential for long-term growth in a rapidly evolving industry.
How Does DKNG's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 421.7x 397.2x (5-Year Median) Forward P/E 93.7x N/A The current P/E ratio of 421.7x is slightly above its 5-year median P/E of 397.2x, indicating that DKNG is trading at a premium compared to its historical valuation metrics. This analysis is somewhat at odds with the GF Value™ verdict, which suggests the stock is undervalued. The high P/E indicates that while the market may be optimistic about future growth, it also presents a risk if those expectations are not met.
What Does DKNG's GF Score™ Tell Us? Metric Rating GF Score™ 69/100 Financial Strength 5/10 Profitability 4/10 Growth 9/10 Valuation 2/10 Momentum 4/10 The GF Score™ of 69/100 reflects an above-average ranking, primarily driven by a strong Growth rank of 9/10. However, the Valuation rank of 2/10 highlights significant concerns regarding its current pricing, suggesting that DKNG may be overvalued at present levels. The Financial Strength and Profitability ranks are modest at 5/10 and 4/10 respectively, indicating that while the company has room for improvement in these areas, it does possess some stability and potential for growth.
What Are Insiders Doing with DKNG Stock? Recent insider activity for DraftKings reveals a concerning trend, as insiders have sold $13.2 million worth of shares over the last three months, with no notable buying activity. This pattern of selling may suggest a lack of confidence among those closest to the company regarding its short-term prospects, and it could be a signal for potential investors to exercise caution.
In the absence of insider buying, which could indicate optimism about the company's future, this selling could imply that insiders are wary of the stock's current position and future performance.
What This Means for Investors Based on the GF Value™ assessment, DraftKings Inc DKNG is currently undervalued at a price of $25.30 compared to its GF Value™ of $53.43. However, the presence of a possible value trap warning and significant insider selling suggest that potential investors should proceed with caution and consider the risks involved.
For the complete analysis, visit the DraftKings Inc DKNG stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is DKNG's GF Score™?
DKNG has a GF Score™ of 69/100, indicating that it is rated as above average and has the potential for higher long-term returns based on historical performance.
Is DKNG overvalued or undervalued?
DKNG is currently undervalued according to GF Value™, which estimates its intrinsic value at $53.43 compared to the current price of $25.30.
What is DKNG's P/E ratio?
The current P/E ratio for DKNG is 421.7x, which is above its 5-year median P/E of 397.2x, indicating that it is trading at a premium compared to its historical valuations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
NEW YORK, June 04, 2026 (GLOBE NEWSWIRE) -- NEXTPredict.io, a leading media and conference organization, and host of NEXTPredict NYC, announced today that Jason Robins, co-founder and CEO of DraftKings, will join the speaker lineup for its inaugural event, taking place Oct. 22–23 at Hudson Yards.
As CEO of DraftKings, Robins has played a leading role in the evolution of regulated event-based trading and sports betting in the United States. His participation adds an operator perspective to discussions around market structure, liquidity, user adoption and the role consumer platforms may play as prediction markets continue to grow in popularity.
“Prediction markets are entering a pivotal stage of growth as finance, media and technology continue to converge around the same core infrastructure,” Robins said. “We’re seeing real-time markets become a much larger part of how people consume information, assess probability and engage with major events. As regulatory conversations continue to evolve nationally and globally, the opportunity for these markets to become more accessible and mainstream is maturing rapidly. The leaders in this room will play an important role in shaping how the category evolves over the next decade.”
Robins joins a growing speaker lineup that includes senior leaders from Blackstone, Bloomberg Intelligence, Bank of America and CNBC, further positioning NEXTPredict NYC as a gathering place for executives operating at the intersection of finance, forecasting and emerging market infrastructure. The summit will bring together more than 2,500 operators, market makers, regulators, vendors, media executives and infrastructure providers for two days of discussions centered on regulation, liquidity, infrastructure and the future of market-based forecasting.
“Jason brings one of the most influential operator perspectives in the industry,” said Pierre Lindh, co-founder and managing director of NEXTPredict. “As prediction markets move further into the mainstream, the platforms building liquidity, trust and user adoption will help shape the future of the category. Having that perspective represented at the event is important.”
The agenda will focus on the forces shaping the prediction markets ecosystem, including regulation, liquidity, market infrastructure, institutional capital flows, forecasting applications and the role of media in distributing market signals.
NEXTPredict NYC will take place weeks before the 2026 U.S. midterm elections, a period expected to increase activity across political, economic and global event markets.
ABOUT NEXTPREDICT
NEXTPredict is a media and events platform dedicated exclusively to the global prediction markets industry. Launched by the team behind NEXT.io, NEXTPredict delivers independent news, analysis, and convenings focused on the intersection of forecasting, finance, technology, and public policy. Its flagship event, The World’s Prediction Markets Summit, will take place October 22–23, 2026, at Convene, Hudson Yards in New York City, bringing together founders, executives, investors, and policymakers. As prediction markets continue to move into the mainstream, the summit is designed to explore the future of market-based forecasting, with sessions focused on regulation, liquidity, infrastructure, product development, and capital flows.
Media Contact:
Sterling Randle
Digital Sport Hot Paper Lantern for NEXTPredict.io [email protected]
The question in our headline has a short answer based on our proprietary model: probably not in 2026. But the longer answer is more interesting, because the bull case scenario for DraftKings (NASDAQ:DKNG | DKNG Price Prediction) does get close to doubling within 12 months, and DKNG’s Predictions launch could reset the entire valuation conversation before year-end.
Our 24/7 Wall St. price target for DraftKings is $26.64, implying a modest 5.3% upside from the $25.30 close on June 2, 2026. The recommendation is buy, with a high 90% confidence score driven by strong analyst consensus and accelerating earnings.
24/7 Wall St. Price Target Summary Metric Value Current Price $25.30 24/7 Wall St. Price Target $26.64 Upside +5.3% Recommendation BUY Confidence Level 90% A Brutal Year, a Quiet Recovery DKNG has been punished. Shares are down 26.58% year to date and 24.99% over the past year, sliding from a 52-week high of $48.78 to a low of $20.46. But the tape is turning: DKNG is up 10% over the past month.
Q1 2026 captures the contradiction. Revenue of $1.65 billion beat by 4.54%, Adjusted EBITDA jumped 64% to $167.85 million, and GAAP net income hit $21.07 million. Yet EPS of $0.20 missed the $0.3591 consensus by 44.31%, reflecting heavy Predictions investment.
Why Bulls See $48 Ahead The bull thesis is straightforward. Our bull case 1-year scenario projects $48.25, a 90.73% return that nearly doubles the stock. Analyst consensus sits at $34.71, with 23 Buy and 5 Strong Buy ratings.
The Predictions launch is the wildcard. CEO Jason Robins said, “profitability is inflecting. That gives us the firepower to press our advantage in Predictions… We intend to establish a leadership position in Sports Predictions before year-end.”
Morningstar’s Dan Wasiolek called prediction markets “an attractive opportunity on top of the core business”. Add a buyback authorization, Missouri mobile launch, and sportsbook net revenue margin expansion to 7.8%, and the path to a higher valuation becomes credible. UBS analyst Robin Farley raised the price target on DraftKings Inc. to $49 while maintaining a Buy rating.
What Could Go Wrong The bear case worries me more than the bulls admit. Monthly Unique Payers fell 4% YoY, operating cash flow was negative $48.4 million, and DKNG faces two class action lawsuits alleging addictive product design. Insiders have leaned net seller, including Director Levin Woodrow’s 34,234 share sale at $25.71.
To be fair, the cash flow drag reflects deliberate Predictions investment in a new growth initiative. ARPMUP rose 21% to $131, which means fewer but more valuable users. Still, our bear case scenario lands at $24.17, a 4.46% drawdown.
Weighing the Setup The 24/7 Wall St. price target is $26.64 with a buy recommendation and 90% confidence. DKNG will not double in 2026 in our base case, but the risk/reward remains asymmetric relative to the bull and bear scenarios above.
The setup looks constructive if Predictions launches on time and MUPs reaccelerate by Q3. The thesis weakens if MUP declines worsen or another addiction lawsuit gains traction.
DraftKings Price Prediction 2026-2030 Year 24/7 Wall St. Price Target 2026 $26.64 2030 $32.50 These projections assume DraftKings continues executing on its current strategy. Significant upside (toward the bull case $111.82 2031 target) could result from a successful Predictions launch and iGaming legalization in major states.
BOSTON--(BUSINESS WIRE)--DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Robins, the Company's Chief Executive Officer and Co-founder, will participate in the following event: The 2026 Nasdaq Investor Conference in Association with Jefferies. The fireside chat is scheduled for 11:00AM BST (6:00AM EDT) on June 10, 2026. Registration and the live audio portion of the Nasdaq Investor Conference can be accessed at DraftKings' Investor Relations website. Abo.
DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Robins, the Company’s Chief Executive Officer and Co-founder, will participate in the following event:
The 2026 Nasdaq Investor Conference in Association with Jefferies. The fireside chat is scheduled for 11:00AM BST (6:00AM EDT) on June 10, 2026. Registration and the live audio portion of the Nasdaq Investor Conference can be accessed at DraftKings’ Investor Relations website.
About DraftKings
DraftKings Inc. is a digital sports and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with platforms that range across daily fantasy, regulated gaming, prediction markets and digital media. Headquartered in Boston and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games, betting experiences and event contracts trading. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 30 states, Washington, D.C., Puerto Rico, and Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states and in Ontario, Canada, under its Golden Nugget Online Gaming brand. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings’ daily fantasy sports platform is available in 44 states, Washington, D.C., and certain Canadian provinces. DraftKings' wholly-owned subsidiary GUS III LLC (d/b/a DraftKings Predictions) also operates DraftKings Predictions, offering federally regulated event contracts under CFTC oversight. DraftKings is both an official sports betting and daily fantasy partner of the NHL, PGA TOUR and WNBA, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to delivering responsible engagement tools and resources, while focusing on integrity and customer education.
Forward-Looking Statements
Certain statements made in this press release are “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ filings with the Securities and Exchange Commission. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260609597322/en/
DraftKings said annualized consumer trading volume on its prediction-markets platform reached $1.3 billion, offering an early sign that its expansion beyond traditional sports betting may be gaining traction.
Shares of DraftKings Inc (NASDAQ:DKNG) are up 7.6% at $26.67, after the company reported strong May prediction markets growth, with annualized consumer trading volume rising 24% to $1.3 billion and total volume climbing 34% to $3.1 billion. The update highlights increasing adoption of its nationwide prediction markets platform.
Options bulls are chiming in after the news, with 50,000 calls exchanged so far today, triple the amount typically seen at this point, while just 12,000 puts have crossed the tape. The weekly 6/12 27-strike call is the most popular contract, with new positions being sold-to-open.
These traders are in luck, as options look attractively priced at the moment. DKNG's Schaeffer's Volatility Index (SVI) of 57% sits in the 29th percentile of its annual range, while its Schaeffer's Volatility Scorecard (SVS) of 85 out of 100 indicates the stock has consistently exceeded options traders' volatility expectations during the past year.
Meanwhile, the number of shares sold short increased 7.6% over the last two reporting periods to 38.8 million, representing 8.1% of DraftKings' available float. It would take shorts three days to buy back their bearish bets, at the stock's average pace of trading.
On the charts, DKNG has been slowly moving higher since its late-March three-year lows. With today's surge, the shares look to be breaking out and above the overhead 120-day moving average for the first time since September. For 2026, the equity is down 22.7%.
Shares of DraftKings (DKNG) rallied on Tuesday after the sports-betting company reported strong growth in activity on its predictions platform. The update fueled investor optimism about DraftKings' position in the rapidly expanding prediction markets industry.
DraftKings Inc. (NASDAQ:DKNG) is in focus Wednesday, a day after surging 11% on blockbuster Predictions platform metrics — even as the broader Nasdaq fell — with the FIFA World Cup kicking off tomorrow adding further fuel to the bull case.
Football's (not the American variety) biggest tournament, starts on June 11. Combine the magnitude of the event with the expanded field of 48 teams and North America being the host, and it's reasonable that some investors are scoping out sports betting stocks.
Predictably, that search will lead many market participants to DraftKings (DKNG 3.33%) and Flutter Entertainment (FLUT 0.14%), the owner of FanDuel, but caution is warranted here. Some experts estimate the U.S. betting handle, which is the total amount wagered on an event in dollar terms, on the soccer competition will be $3.1 billion. The number could rise depending on the U.S. team's success.
These two betting stocks could be World Cup winners. Image source: Getty Images.
However, global handle could reach $50 billion, or approximately $500 million per match, underscoring why investors may want to examine sports wagering equities with significant exposure beyond U.S. borders. Enter Rush Street Interactive (RSI +0.99%) and Super Group (SGHC 2.46%).
Why this duo can score World Cup goals Yes, soccer is more popular today in the U.S. than it was when the country hosted the event in 1994. And yes, regulated sports betting is far more prevalent. Some form of sports betting is live and legal in 40 states, including Washington, D.C.
But when it comes to investing specific to this major event, Rush Street Interactive and Super Group may be better bets, pun intended. The thesis is simple. Both of these consumer discretionary stocks are less U.S.-dependent than, say, DraftKings.
Specific to Super Group, that company doesn't do any business in the U.S. It only books bets in Africa, Europe, and Latin America. Breaking it down, 88% of Super Group's 2025 revenue was derived from countries participating in the tournament.
Speaking of Latin America, the region accounts for 20% of Rush Street's revenue as it does business in Colombia, Mexico, and Peru. Peru didn't qualify for the competition, but the other two countries did. The company's Mexico footprint could be intriguing to investors, as Mexico is one of the tournament's host nations with 13 games slated for three major cities.
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Mexico is already one of the most soccer-enthused countries in the world. Combine that with its host status and short odds, and it will advance out of group play, possibly driving surging handle, potentially providing a near-term boost for Rush Street Interactive.
The hidden benefit Investors well versed in entertainment stocks know that, for sports betting equities, high-profile events are customer-acquisition tools. Market participants can even forgive customer-friendly outcomes if operators can substantiate that they hauled in large batches of new customers and are cross-selling them into other services.
That's pertinent in discussing Rush Street and Super Group because both are internet casino, or iGaming, operators, too. In Africa, where it's a leader in seven of the eight markets where it books bets, Super Group leverages public-facing sports sponsorships to bring customers into the sports wagering and iGaming fold.
Some analysts see the most prestigious soccer event performing a similar function, expanding customer bases for Rush Street and Super Group while setting the stage to convert those bettors to more profitable (for the companies) online casino products.
HomeIndustriesSportsA report released just days before the start of the FIFA World Cup finds a correlation between sports betting and not having enough to eatLast Updated: June 11, 2026 at 6:38 a.m. ET
First Published: June 10, 2026 at 4:29 p.m. ET
Just as people are expected to wager $60 billion on the World Cup, which kicks off Thursday, a new research paper warns that many bettors may be gambling away their grocery money.
“Wagering the Bread Money: Sports Betting Legalization and Food Sufficiency,” published by the nonprofit National Bureau of Economic Research this week, finds a correlation between sports betting and lower food sufficiency, a measure of whether a household has enough to eat. Food insufficiency is considered more severe than food insecurity, defined as having access to food but worrying about it running out or not being nutritious enough.
DraftKings Inc. disclosed strong 24% May month-over-month volume growth to $1.3 billion in the company's prediction market platform. The platform is gaining scale but remains small for now. DraftKings Predictions' volume is still tens of times smaller than Kalshi's or Polymarket's. DKNG's platform should see significant further growth through a marketing ramp-up and platform improvements; the platform launch is still early.
NEW YORK--(BUSINESS WIRE)---- $DKNG #ARCEntertainmentGroup--TRWD reserves "ARC Entertainment Group" as it builds a multi-brand empire to roll up the $10B adult nightlife sector.
An influx of trading volume has completely reshaped the near-term technical and fundamental setup for DraftKings NASDAQ: DKNG.
DraftKings is currently trading in the $28 to $29 range, extending a double-digit percentage gain that began after the company’s latest prediction-market disclosure.
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The catalyst driving this sharp price action is not a mysterious acquisition or a speculative short squeeze. Wall Street is repricing DraftKings following a June 9 Securities and Exchange Commission Form 8-K disclosure that revealed preliminary, unaudited May operating metrics for DraftKings Predictions, the event-contract platform the company launched on Dec. 19, 2025.
Early traction behind the 50-state Super App strategy—$3.1 billion in annualized total volume traded—suggests DraftKings may be opening a new user-acquisition channel in states where online sports betting remains limited or unavailable. This data supports the idea that Predictions could become a meaningful non-traditional vertical, though investors still need to see whether trading volume converts into durable revenue, margin expansion, and customer growth.
DraftKings' $3.1 Billion Prediction JackpotThe metrics embedded in the recent regulatory filing highlight a product that is finding immediate product-market fit. Annualized consumer volume in the Predictions offering accelerated 24% month-over-month to $1.3 billion. More impressively, annualized total volume traded reached $3.1 billion, up 34% from April.
Understanding the distinction between these volume metrics and traditional sports betting handle is essential for evaluating the revenue potential DraftKings commands. In a legacy sportsbook model, handle refers to the capital wagered on an outcome. If a user wagers on a football game, that capital is illiquid until the event concludes.
Prediction markets operate as dynamic trading ecosystems. Participants can buy and sell contracts multiple times as real-world probabilities shift before an event resolves. The $3.1 billion annualized total volume traded figure includes traders entering and exiting positions, creating a high-velocity capital environment. This structure allows DraftKings to capture consistent transaction fees without absorbing the heavy directional risk exposure that occasionally compresses margins in traditional sports betting.
While $3.1 billion is a formidable number for a newly launched product, DraftKings is only scratching the surface of the broader prediction market ecosystem.
Rival platforms like Kalshi currently execute mid-tens of billions in notional monthly volume, while Polymarket regularly processes high single-digit billions. The market is bidding up DraftKings because it is showing signs of capturing early market share in an industry with a massive, proven runway for exponential growth.
The 50-State Super App StrategyThe true value of the prediction market rollout lies in how it supports the overarching Super App framework DraftKings envisions.
For years, the core fundamental headwind facing digital gaming operators has been the grueling, state-by-state battle for legislative approval. Expanding a traditional sportsbook requires lobbying state legislatures, fighting local referendums, and navigating a patchwork of complex tax structures.
Current Price$28.79High Forecast$50.00Average Forecast$34.21Low Forecast$20.00DraftKings Stock Forecast Details
Event contracts provide a frictionless backdoor to nationwide user acquisition. Because prediction markets operate under different regulatory classifications than traditional sports wagering, DraftKings can deploy this ecosystem across jurisdictions where legacy sports betting remains illegal. By dynamically adjusting the product mix by local jurisdiction, DraftKings could bypass the legislative gridlock constraining its core business model.
This structural shift would broaden the entire growth narrative surrounding DraftKings. Investors are no longer solely dependent on waiting for a new state to legalize sports betting; they are now evaluating a platform capable of scaling an active user base nationwide.
And analysts are paying attention. UBS recently reiterated a Buy rating and boosted its price target from $43 to $49, while others remain constructive. TD Cowen maintained a Buy rating with a $30 target and pointed to prediction markets as a large, early-stage opportunity. Morgan Stanley also maintained an Overweight rating with a $39 price target.
Smart Money Bets Big on DraftKingsDerivative markets immediately recognized the fundamental shift, reflecting an aggressive bullish pivot.
Options chains experienced a massive influx of short-dated call buying as institutions positioned for near-term upside. Volume concentrated heavily around the $27, $29, and $30 strike calls expiring June 12. The $30 strike call registered over 6,365 contracts traded against a prior open interest of just 2,243.
When option volume substantially exceeds existing open interest on out-of-the-money strikes, the activity indicates acute speculative interest and institutional repositioning rather than simple hedging. Smart money seems to be positioning DraftKings for a sustained move higher.
The underlying equity technicals support this bullish derivative flow. Following a sluggish 30-day trend where DraftKings languished below major resistance levels, the sudden price appreciation pushed DraftKings above the 20-day simple moving average at $25.04 and the 50-day simple moving average at $23.84.
Despite the sheer velocity of the move, DraftKings is not technically overextended. The Relative Strength Index, which is a momentum oscillator that measures the speed and change of price movements on a scale of zero to 100, currently sits at a neutral 51.23. A reading near 50 indicates DraftKings has substantial technical headroom to run before hitting overbought territory, typically defined as a Relative Strength Index reading above 70.
What's Your Best Bet?While institutional sentiment remains constructive, evaluating the broader ownership landscape requires examining insider activity. Trailing six-month data shows some distribution among key DraftKings executives. Co-founder Paul Liberman recently sold 484,417 shares of DraftKings, and Woodrow Levin sold 34,234 shares. However, executive stock sales often relate to tax obligations, portfolio diversification, or scheduled 10b5-1 trading plans rather than a lack of confidence in the underlying business fundamentals. The divergence between structural insider profit-taking and aggressive institutional derivative accumulation frequently occurs during major business pivots, just as we see with DraftKings right now.
DraftKings now faces established overhead resistance near the $32 level, with downside support forming at the $23.50 technical breakout zone. The rapid scaling of the predictions platform fundamentally improves DraftKings' revenue mix and national footprint, warranting a higher valuation multiple.
Investors with a higher risk tolerance might consider utilizing options spreads to capture further upside toward the $32 resistance level while strictly defining downside risk. Cautious market participants may prefer to let the initial volatility settle and watch for a constructive pullback near the 50-day moving average before initiating a position in DraftKings.
DraftKings Inc. (DKNG) Price Chart for Friday, June, 12, 2026
Should You Invest $1,000 in DraftKings Right Now?Before you consider DraftKings, you'll want to hear this.
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Prospect Capital Corporation (NASDAQ:PSEC) pays a 21.7% annualized yield by sending shareholders $0.045 per share every month. That number attracts income investors the way a bright light attracts moths, but the history of this yield tells a more cautious story.
business development company lending middle market finance What PSEC Is and How It Pays You Prospect Capital is a business development company, not an ETF. BDCs lend money to mid-sized private businesses, collect interest, and distribute most of that income to shareholders. The dividend comes from net investment income: the spread between what PSEC earns on its loans and what it costs to borrow. Think of it as a leveraged lending operation that passes profits directly to you.
The current portfolio holds 91 portfolio companies with 71.4% of the book in first lien senior secured loans, the highest-priority debt in a borrower’s capital structure. That rotation toward safer collateral is deliberate. Non-accrual loans sit at just 0.7% of total assets, which is low for a BDC of this size.
The Coverage Ratio Masks a Deteriorating Trend For BDCs, net investment income per share is the right coverage metric. On that measure, the current distribution is covered. Q2 FY2026 NII came in at $0.19 per share, comfortably above the $0.135 per share in quarterly distributions. Real income covering a real payout, with margin to spare.
The problem sits beneath that line. Over the past four quarters, Prospect has recorded cumulative realized and unrealized losses of roughly $675 million. These are permanent write-downs on loans that went wrong, eroding the asset base that generates future income. A shrinking pool of earning assets means less NII down the road, even if today’s coverage ratio looks adequate.
NAV per share tells the story most clearly:
NAV has declined from $7.84 a year ago to $6.21 today. Every quarter in that span has been lower than the one before. A BDC paying out more than it earns in realized terms is gradually liquidating itself, and distributions may eventually reflect that reality.
This Yield Has Been Cut Before The 21% yield is the current yield at a depressed stock price, and the payout has already been reduced twice in roughly a decade. In 2017, the monthly distribution was cut from $0.083 to $0.06, a 28% reduction. Then in late 2024, the distribution was cut again from $0.06 to $0.045, a 25% reduction. Shareholders who held through both cuts watched their income stream shrink by nearly half from its peak.
The current 3.75% Fed funds rate adds pressure. Falling base rates compress the yield PSEC earns on its floating-rate loans. The annualized portfolio yield has already dropped from 9.7% to 9.1% year-over-year, and PIK interest income fell from $33.1 million to $15.4 million in the same period. That is a meaningful compression in earning power.
One Reason for Cautious Optimism COO M. Grier Eliasek purchased 942,800 shares at almost $2.92 in February 2026, an open-market buy totaling roughly $2.75 million. Insiders do not typically spend that kind of money on a stock they expect to collapse. Insiders own 27.5% of the company, so management’s interests are genuinely aligned with shareholders. The $300 million debt maturity in November 2026 is the next real test: if Prospect refinances cleanly in a lower-rate environment, near-term distribution risk recedes.
The Verdict The distribution is technically covered by NII today, but the structural backdrop is deteriorating. Shares have fallen 26% over the past year, meaning investors collecting a 21% yield have still lost ground on a total return basis. NAV erosion, two dividend cuts in eight years, and a shrinking portfolio all point in the same direction. This yield is probably unsustainable at its current level over a multi-year horizon, particularly if base rates continue falling and realized losses persist. Income investors who need capital stability should approach with serious caution. The current discount to NAV of $6.21 is notable context, but only meaningful alongside a clear view of what the history here actually shows.
GraniteShares Advisors LLC bought a new stake in Prospect Capital Corporation (NASDAQ: PSEC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,059,980 shares of the financial services provider's stock, valued at approximately $2,745,000. Prospect Capital makes up
GraniteShares Advisors LLC purchased a new stake in Prospect Capital Corporation (NASDAQ: PSEC) during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,059,980 shares of the financial services provider's stock, valued at approximately $2,745,000. Prospect Capital comprises approximately 1.7% of
New modular seating, dining and coordinated sets bring elevated coastal style to outdoor entertaining CANTON, Ga., April 22, 2026 /PRNewswire/ -- Ubique Group, a leading provider of commercial and residential furniture, today announced the expansion of the Martha Stewart Lily Pond Patio Collection, introducing a wicker series of patio furniture thoughtfully crafted to embody Martha's effortless outdoor style.
NEW YORK, April 27, 2026 (GLOBE NEWSWIRE) -- Prospect Enhanced Yield Fund (“PENF” or the “Fund”) announced today that the Fund's Board of Directors has declared monthly cash shareholder distributions for April 2026, May 2026, and June 2026. These distributions represent the seventh, eighth, and nineth monthly distributions paid by the Fund.
NEW YORK, May 04, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") and an affiliate have provided a first lien senior secured term loan and a preferred equity investment in Security Fire Systems ("SFS"), aggregating approximately $26 million, in collaboration with Blackford Capital.
Prospect Capital (NASDAQ:PSEC) pays a monthly distribution of $0.045 per share, which works out to $0.54 annualized and a yield of roughly 20.1% at a recent share price of almost $3. A yield that fat usually flashes a warning, and the company did cut its monthly payout from $0.06 to $0.045 in late 2024. The question for income investors is whether the new, lower distribution is finally on solid footing.
How Prospect Capital Actually Earns Its Yield PSEC is an externally managed Business Development Company that functions as a high-yield income vehicle for retail investors. Income flows from interest on direct loans to middle-market businesses, with smaller contributions from payment-in-kind interest, controlled-affiliate dividends, and real estate held through National Property REIT Corp.
Management has spent the last two years rotating into the safest part of the capital stack. First lien senior secured middle market loans now make up 71% of the portfolio at cost, up 728 basis points since June 2024, while subordinated structured notes have been wound down toward 0.3%. The target borrower is a company with less than $50 million in EBITDA, and software exposure sits at 3% versus a 22% BDC industry average, sidestepping the most crowded corner of private credit.
Does Net Investment Income Cover the Check? The cleanest read on dividend safety for a BDC is net investment income (NII) per share against the distribution. In fiscal Q2 2026, PSEC reported NII of $90.89 million, or $0.19 per share, against a quarterly distribution of $0.135. That is roughly 1.4x coverage.
Q1 2026 NII of $0.17 per share covered the same payout about 1.26x and beat the $0.11 consensus. Interest coverage at the BDC level reached 426%, up from 339% the prior quarter.
Credit quality has firmed alongside the rotation. Non-accrual loans came in at 0.7% of total assets, down from a 4% peak in fiscal Q4 2025. Total liabilities fell 49% year over year, and the next institutional bond maturity is $300 million in November 2026, giving management runway to keep grinding through the portfolio without refinancing pressure.
What Should Still Worry Owners The distribution is funded, but the equity has been bleeding. Net asset value per share dropped to $6.21 from $7.84 a year earlier, and the portfolio company count fell to 91 from 114. Realized investment losses of $141.3 million in Q2 2026 and $308.5 million in Q4 2025 drove the NAV erosion. Annualized current yield on investments has slipped from 9.7% to 9.1% as lower base rates and the rotation into safer first lien paper compress income.
Total return reflects all of that. PSEC has returned negative 8% over the past year and negative 37% over five years on a price basis, even with the fat coupon. One contrarian signal worth weighing: COO M. Grier Eliasek bought 942,800 shares at around $3 on February 11, 2026, roughly $2.75 million of open-market insider buying.
Verdict on the Distribution The current $0.045 monthly distribution looks safe through at least the next several quarters. NII covers it with cushion, non-accruals are normalized, leverage is down, and there are no near-term debt walls. The yield premium over the 4.42% 10-year Treasury is real compensation for credit risk. PSEC fits investors who want monthly cash and accept that the principal will keep grinding lower while management finishes repositioning. Anyone counting on capital appreciation alongside the coupon should look elsewhere.
May 06, 2026 09:00 ET | Source: Prospect Capital Corporation
NEW YORK, May 06, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company” or “Prospect”) today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal quarter ended March 31, 2026 and to issue its earnings press release on Thursday, May 7, 2026, after the close of the markets.
The Company will host a conference call on Friday, May 8, 2026 at 9:00 a.m. Eastern Time. The conference call dial-in number will be 888-338-7333. A recording of the conference call will be available for approximately 30 days. To hear a replay, call 855-669-9658 and use passcode 1182378.
The conference call will also be available via a live listen-only webcast on the Company’s website, www.prospectstreet.com. Please allow extra time prior to the call to visit the site and download any necessary software that may be needed to listen to the Internet broadcast.
About Prospect Capital Corporation
Prospect is a business development company that primarily lends to and invests in middle market privately-held companies. Prospect’s investment objective is to generate both current income and long-term capital appreciation.
Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.
For additional information, contact:
Grier Eliasek, President and Chief Operating Officer [email protected]
Telephone (212) 448-0702
NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended March 31, 2026.
Lennar (NYSE:LEN) Updates Q3 2026 Earnings GuidanceLennar (NYSE:LEN) updated its third quarter 2026 earnings guidance. The company provided EPS guidance of 1.200-1.400 for the period, compared to the consensus estimate of 1.710.
MSA Safety Incorporporated (NYSE:MSA) CFO Acquires $71,093.12 in StockMarketBeat
MSA Safety Incorporporated (NYSE:MSA - Get Free Report) CFO Julie Beck bought 448 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $158.69 per share, with a total value of $71,093.12. Following the completion of the purchase, the chief financial officer owned 3,825 shares of the company's stock, valued at $606,989.25. This represents a 13.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
NYSE:MSA
Read MSA Safety Incorporporated (NYSE:MSA) CFO Acquires $71,093.12 in Stock
3 hours ago
Insider Selling: NBT Bancorp (NASDAQ:NBTB) Director Sells 2,100 Shares of StockMarketBeat
NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) Director Heidi Hoeller sold 2,100 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $48.03, for a total transaction of $100,863.00. Following the transaction, the director owned 11,560 shares of the company's stock, valued at approximately $555,226.80. This represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NASDAQ:NBTB
Read Insider Selling: NBT Bancorp (NASDAQ:NBTB) Director Sells 2,100 Shares of Stock
3 hours ago
Douglas Milne Sells 1,600 Shares of IGM Financial (TSE:IGM) StockMarketBeat
IGM Financial Inc. (TSE:IGM - Get Free Report) Director Douglas Milne sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$80.61, for a total value of C$128,976.00. Following the sale, the director directly owned 800 shares in the company, valued at C$64,488. The trade was a 66.67% decrease in their ownership of the stock.
TSE:IGM
Read Douglas Milne Sells 1,600 Shares of IGM Financial (TSE:IGM) Stock
Prospect Capital Corporation is reiterated as a sell due to ongoing financial deterioration despite a 59% discount to NAV and double-digit yield. PSEC's Q3 saw net investment income and total investment income decline, with NAV dropping sequentially and year-over-year, underperforming peers. Management's portfolio shift to first-lien loans and reduced real estate exposure are positive but not expected to offset near-term financial weakness.
Prospect Capital maintains a 'Strong Buy' rating as its investment thesis, although controversial, remains intact after Q3'26 earnings. PSEC's portfolio quality remained stable at 0.7%, outperforming peers, with first liens rising to 72%. The dividend was reset to $0.035 per-share monthly due to pressure from preferred stock offerings.
NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, "Company", “our”, or “we”) today announced that it held its special meeting of stockholders (the “Special Meeting”) on June 9, 2026. The proposals that were considered at the Special Meeting are described in detail in the Company's definitive proxy statement for the Special Meeting as filed with the Securities and Exchange Commission on March 11, 2026 (the “Proxy”). As of March 11, 2026, there were 486,484,945 shares of the Company's common stock outstanding, 25,394,532 shares of the Company's 5.50% Series A1 Preferred Stock outstanding (the “Series A1 Preferred Stock”), 163,000 shares of the Company's 5.50% Series A2 Preferred Stock outstanding (the “Series A2 Preferred Stock”), 5,251,157 shares of the Company's 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock outstanding (the “5.35% Series A Preferred Stock”), 908,259 shares of the Company's 5.50% Series M1 Preferred Stock outstanding (the “Series M1 Preferred Stock”), 23,376,070 shares of the Company's 6.50% Series A3 Preferred Stock outstanding (the “Series A3 Preferred Stock”), 1,794,312 shares of the Company's 6.50% Series M3 Preferred Stock outstanding (the “Series M3 Preferred Stock”), 6,920,261 shares of the Company's Floating Rate Series A4 Preferred Stock outstanding (the “Series A4 Preferred Stock”), 1,995,546 shares of the Company's Floating Rate Series M4 Preferred Stock outstanding (the “Series M4 Preferred Stock”), 3,341,380 shares of the Company's 7.50% Series A5 Preferred Stock outstanding (the “Series A5 Preferred Stock”) and 878,753 shares of the Company's 7.50% Series M5 Preferred Stock outstanding (the “Series M5 Preferred Stock”). Each share of common or preferred stock has one vote. To afford additional time to solicit stockholder votes for the proposal found in the Proxy, the Special Meeting has been adjourned until June 23, 2025, at 5:00 p.m., Eastern Time, at www.virtualshareholdermeeting.com/PSEC2026SM.
June 09, 2026 16:48 ET | Source: Priority Income Fund, Inc.
NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund’s Board of Directors has declared distributions on shares of the Fund’s 7.00% Series D Term Preferred Stock due 2029 (“Series D”), 7.000% Series K Cumulative Preferred Stock (“Series K”), and 6.375% Series L Term Preferred Stock due 2029 (“Series L”).
Ex-Dividend DateRecord DatePayable DateDistribution per ShareSeries DJune 23, 2026June 23, 2026June 30, 2026$0.43750Series KJune 23, 2026June 23, 2026June 30, 2026$0.43750Series LJune 23, 2026June 23, 2026June 30, 2026$0.39844
Distributions shall first be treated as a distribution of taxable investment company income undistributed from the prior year, and then treated as a distribution of taxable investment company income for the current year. This treatment will not affect tax reporting to shareholders.
About Priority Income Fund
Priority Income Fund, Inc. is a registered closed-end fund that was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations ("CLOs"). Such loans will generally have a floating interest rate and include a first lien on the assets of the respective borrowers, which typically are private and public companies based in the United States. The Fund is managed by Priority Senior Secured Income Management, LLC, which is led by a team of investment professionals from the investment and operations team of Prospect Capital Management L.P. For more information, visit https://www.priorityincomefund.com.
About Prospect Capital Management L.P.
Prospect Capital Management L.P. (“Prospect”), headquartered in New York City, is an SEC-registered investment adviser that, along with its predecessors and affiliates, has more than 30-years of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of over 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $6.9 billion of assets under management as of March 31, 2026. Prospect is the investment adviser to Prospect Capital Corporation (NASDAQ: PSEC). For more information, call (212) 448-0702 or visit https://www.prospectcap.com.
About Preferred Capital Securities, LLC
Preferred Capital Securities, LLC (“PCS”) serves as the dealer-manager for Priority Income Fund, Inc. and has been a member of FINRA/SIPC since 2015. Formed in 2013, PCS is a boutique managing broker-dealer that distributes alternative investments, including real estate and credit investment products in private and public structures through broker dealers and registered investment advisors. PCS has raised over $4.9 billion of capital as a wholesale distributor for various alternative investment strategies. For more information, call
855-320-1414 or visit http://www.pcsalts.com.
Additional Information
Past performance is not indicative of future performance. Our distributions may exceed our earnings, and therefore, portions of the distributions that we make may be a return of the money that you originally invested and represent a return of capital to you for tax purposes. Such a return of capital is not immediately taxable, but reduces your tax basis in our shares, which may result in higher taxes for you even if your shares are sold at a price below your original investment.
Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. The prospectus and summary prospectus contains this and other information relevant to an investment in the fund. Please read the prospectus or summary prospectus carefully before you invest or send money. To obtain a prospectus, please contact your investment representative or Investor Services at 866.655.3650.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future performance of Priority Income Fund, Inc. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. Any such statements, other than statements of historical fact, are highly likely to be affected by unknowable future events and conditions, including elements of the future that are or are not under the control of Priority Income Fund, Inc. and that Priority Income Fund, Inc. may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and Priority Income Fund, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Dave & Buster's (PLAY) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of $0.39. This compares to earnings of $0.69 per share a year ago.
The headline numbers for Dave & Buster's (PLAY) give insight into how the company performed in the quarter ended January 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PLAY posts a Q4 loss as revenues slip Y/Y, missing estimates amid weak gaming demand, soft traffic and higher costs despite gains in food and beverage.
Dave & Buster's (PLAY) remains a 'Hold' with a reduced price target of $8.7/share, reflecting persistent margin, profitability, and leverage concerns. Despite recent stock surges, PLAY faces declining same-store sales, negative FCF, and a net debt exceeding $3.5B, with interest coverage now below 1.7x. Management's operational improvements and guidance for $100M FCF are insufficient to offset rising interest expense and debt-fueled expansion risks.
Shares of Dave & Buster's Entertainment (PLAY 1.90%) spiked on Wednesday after the restaurant and arcade chain issued an upbeat cash flow forecast for the year ahead.
Image source: Getty Images.
Heavy snowfall weighed on Dave & Buster's Q4 results Dave & Buster's revenue declined less than 1% year over year to $529.6 million in its fiscal 2025 fourth quarter, which ended on Feb. 3.
The entertainment company opened two stores in the quarter and a total of 11 in fiscal 2025. It also remodeled 16 locations during the year.
Still, Dave & Buster's comparable store sales, which measure revenue at locations open for at least 18 months, declined by 3.3%. Sales were dented by powerful winter storms.
Today's Change
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Current Price
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All told, Dave & Buster's produced an adjusted net loss of $12 million, or $0.35 per share. That was down from adjusted net income of $25.3 million, or $0.66 per share, in the prior year period.
Positive sales trends bode well for 2026 Fortunately, management painted a brighter picture of the future.
"We have now had six consecutive fiscal months of improving same-store sales for the Dave & Buster's brand when adjusting for the three-day storm impact, and ended February roughly flat in same-store sales," CEO Tarun Lal said during a conference call with analysts.
Lal is revamping the company's menu, which helped to boost its comparable food and beverage sales by 7% in the fourth quarter. He also plans to bring at least 10 new games and attractions -- based on popular characters like John Wick and The Mandalorian -- to Dave & Buster's stores to further drive traffic.
In turn, Lal is "highly confident" that Dave & Buster's will produce over $100 million in free cash flow in fiscal 2026, driven by growth in same-store sales and overall revenue.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Dave and Buster's Entertainment (NASDAQ: PLAY - Get Free Report) and Dutch Bros (NYSE: BROS - Get Free Report) are both retail/wholesale companies, but which is the superior stock? We will compare the two companies based on the strength of their valuation, earnings, risk, dividends, institutional ownership, analyst recommendations and profitability. Analyst Ratings This is a breakdown
Dave & Busters NASDAQ: PLAY missed top- and bottom-line estimates for fiscal Q4 2026 revenue and earnings, yet the stock price surged ahead of the report, extending gains in its wake. The setup suggests short-covering is in play, and that is a signal for investors.
Key Takeaways PLAY reported a Q4 loss of 35 cents per share, missing estimates and down from 66 cents EPS a year agoProfit collapse just went from bad to worse as this year flips to a 167% annual EPS lossEntertainment sales dropped 6.6% on weaker gaming demand, higher costs and weather pressured menu margins Dave & Buster's ((PLAY - Free Report) ) has been consistently in the cellar of the Zacks Rank for years now. I recall writing about it in 2024 when the stock was in the $60s and $50s.
My colleague Shaun Pruitt took up the task in October when shares were around $18.
Here's what he wrote on October 6...
Despite rumors, Dave & Buster's is not closing down and is actually expanding with new locations under construction and strategic growth plans in place.
However, this transition has taken a toll on investor sentiment as Dave & Buster’s has had a slow recovery from pandemic-related struggles and a more inflation-conscious consumer. Trying to navigate a challenging operating environment, Dave & Buster’s stock has drifted toward new multi-year lows at under $20 a share.
Profitability Collapse & Cautious Outlook
Coming off a disappointing Q2 report, the decline in Dave & Buster’s profitability is more concerning due to a cautious outlook from its new CEO, Tarun Lal, who took over in May of 2024. Acknowledging strategic missteps and operational inefficiencies, Lal’s remarks have suggested a long road to recovery, which has further weighed on investor confidence.
This comes as Dave & Buster’s reported Q2 EPS of $0.40 last month, which plummeted from $1.12 per share in the comparative quarter and missed expectations of $0.88 by a grizzly 54%. Furthermore, Dave & Buster’s has missed EPS expectations in three of its last four quarterly reports with an average earnings surprise of -18.68%.
Highlighting Dave & Buster’s profitability collapse, Q2 net income was down 67% to $11.4 million versus $40.3 million a year ago. Dave & Buster’s EBITDA margins dropped to 23.3% from 27.2% in Q2 2024, attributed to rising operating costs and stagnant revenue.
(end of Shaun Pruitt article excerpts)
Two Quarters Later, the Decline is Worse
On March 31, PLAY delivered their Q4 FY'26 report with these highlights...
>>PLAY reported a Q4 loss of 35 cents per share, missing estimates and down from 66 cents EPS a year ago.
>>Revenues fell 0.9% to $529.6M as entertainment sales dropped 6.6% on weaker gaming demand.
>>Comparable sales declined 3.3%, while higher costs and weather disruptions pressured margins.
You can read more in this report: Dave & Buster's Q4 Earnings & Revenues Miss Estimates, Down Y/Y
Subsequent to these data points and management commentary, analysts slashed their full year FY'27 estimates (began February), driving the Zacks EPS Consensus from a profit of 47-cents to a LOSS of 80-cents -- representing an annual decline of 167%.
Next year's forecasts were also flipped from profit to loss.
Bottom line: PLAY might be a fun place to take the family or watch a ball game with friends, but there's no joy for your money here. The Zacks Rank will let you know when it's play time again.
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On April 20, 2026, Dave and Buster's Entertainment Inc (PLAY) shares fell 3.0% today to a current price of $13.84. The stock has seen a significant range over the
It has been about a month since the last earnings report for Dave & Buster's (PLAY - Free Report) . Shares have lost about 11.4% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Dave & Buster's due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Dave & Buster's Entertainment, Inc. before we dive into how investors and analysts have reacted as of late.
Dave & Buster's Q4 Earnings & Revenues Miss EstimatesDave & Buster's reported dismal fourth-quarter fiscal 2025 results, with earnings and revenues missing the Zacks Consensus Estimate. Both metrics also declined on a year-over-year basis.
Dave & Buster’s fourth-quarter fiscal 2025 results were supported by its “back-to-basics” strategy, with improved marketing, targeted promotions and strong food and beverage performance driving better traffic and engagement. Remodeled stores continued to outperform, while sequential improvement in comparable sales trends, along with contributions from new store openings and international franchise expansion, provided incremental support.
However, results were pressured by a decline in comparable store sales, reflecting softer traffic trends, along with weather-related disruptions from Winter Storm Fern. Entertainment revenues also declined, indicating weaker gaming demand. Higher marketing and store operating expenses further weighed on margins, leading to a decline in adjusted EBITDA and a shift to a net loss year over year.
Dave & Buster’s Q4 Earnings & RevenuesFor the fiscal fourth quarter, the company reported an adjusted loss per share of 35 cents, missing the Zacks Consensus Estimate of an adjusted earnings per share (EPS) of 39 cents. In the year-ago quarter, it had reported an adjusted EPS of 66 cents.
Quarterly revenues totaled $529.6 million, missing the consensus mark of $557 million by 4.8%. The top line decreased 0.9% from $534.6 million reported in the prior-year quarter.
Food and Beverage revenues (40.9% of total revenues in the reported quarter) increased 8.5% year over year to $216.6 million. Our estimate was $200.7 million.
Entertainment revenues (59.1%) fell 6.6% year over year to $313 million. Our estimate was $354.7 million. The company continues to enhance free cash flow conversion, driven by disciplined capital allocation and tighter control over capital expenditures, including the elimination of low-return and inefficient spending.
Comparable store sales (including Main Event-branded locations) declined 3.3% year over year. Excluding the impact of Winter Storm Fern in January, management estimates that fiscal fourth-quarter comparable store sales would have decreased by approximately 1.5%.
Dave & Buster’s Q4 Operating HighlightsIn the fiscal fourth quarter, operating loss amounted to $14 million against operating income of $44.1 million reported in the year-ago quarter. Our estimate for operating income was $35 million.
Adjusted EBITDA in the quarter was $111.4 million compared with $127.2 million in the year-earlier quarter. Our estimate for the metric was $108.5 million. EBITDA margin declined to 21% from 23.8% reported in the prior-year period.
Balance Sheet of PLAYAs of Feb. 3, 2026, cash and cash equivalents were $16.6 million compared with $6.9 million as of Feb. 4, 2025.
At quarter-end, net long-term debt was approximately $1.52 billion compared with $1.48 billion at the end of fiscal 2024. The company maintained available liquidity of $482.9 million, including $466.3 million under its $650.0 million revolving credit facility.
PLAY’s FY25 HighlightsRevenues for 2025 came in at $2.1 billion compared with $2.13 billion reported in 2024.
Adjusted EBITDA in 2025 came in at $436.6 million compared with $506.2 million reported in 2024.
In 2025, adjusted loss came in at 30 cents per share against adjusted EPS of $2.39 reported in the previous year.
Dave & Buster’s Store Development UpdatesDave & Buster’s continues to advance its growth strategy through a combination of new unit expansion, remodel initiatives and international franchising. In the fiscal fourth quarter, the company opened two new domestic Dave & Buster's stores. This brought the total domestic openings for fiscal 2025 to 11 (plus one relocation), consisting of eight Dave & Buster’s and three Main Event locations.
The company is also making steady progress on its remodel program, completing 16 store remodels during the year and bringing the total number of recently refreshed Dave & Buster’s locations to 51 since the initiative began in the second half of fiscal 2023.
On the international front, Dave & Buster’s expanded its footprint by opening three franchise locations in fiscal 2025, bringing the total to four units globally. The fourth location, which opened recently, is in the Dominican Republic. Looking ahead, three additional international locations are expected to open in the near future in Delhi, India; Perth, Australia; and Mexico City, Mexico.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -46.85% due to these changes.
VGM ScoresAt this time, Dave & Buster's has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. However, the stock has a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Dave & Buster's has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry PlayerDave & Buster's belongs to the Zacks Retail - Restaurants industry. Another stock from the same industry, Darden Restaurants (DRI - Free Report) , has gained 1.7% over the past month. More than a month has passed since the company reported results for the quarter ended February 2026.
Darden Restaurants reported revenues of $3.35 billion in the last reported quarter, representing a year-over-year change of +5.9%. EPS of $2.95 for the same period compares with $2.80 a year ago.
For the current quarter, Darden Restaurants is expected to post earnings of $3.64 per share, indicating a change of +22.2% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.1% over the last 30 days.
Darden Restaurants has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
DALLAS, May 01, 2026 (GLOBE NEWSWIRE) -- Dave and Buster's Entertainment, Inc. , (NASDAQ: PLAY), ("Dave and Buster's" or "the Company") today announced the appointment of Charles Protell to the Company's Board of Directors and Audit Committee of the Board, effective April 27, 2026.
Dave & Buster's ( PLAY ) has been consistently in the cellar of the Zacks Rank for years now. I recall writing about it in 2024 when the stock was in the $60s and $50s.
DALLAS, June 01, 2026 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner, operator, and franchisor of entertainment and dining venues, today announced that it will report financial results for its first quarter ended May 5, 2026 after the market closes on Monday, June 15, 2026.
Dave & Buster's (PLAY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
