Premarket Stocks To Watch: Draftkings, DoorDash, Deere, Roku

‍DraftKings

After the sports betting startup released fourth-quarter results that exceeded expectations, DraftKings stock increased by more than 8%. On $855 million in revenue, the corporation recorded a loss of 53 cents per share. Refinitiv's poll of analysts had predicted a loss of 59 cents per share on $800 million in revenue.

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DoorDash

After reporting fourth-quarter revenue of $1.82 billion, exceeding analyst projections of $1.77 billion, according to Trade Algo, the online meal delivery company saw a growth of more than 5%. DoorDash also announced that it would buy up to 750 million shares back. The corporation did, however, post a larger-than-expected loss.

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Deere & Company

As Deere's most recent quarter saw better-than-expected results on both the top and bottom lines, shares increased by 3%. The manufacturer of agricultural gear posted earnings of $6.55 per share on sales of $11.4 billion. That was higher than the experts surveyed by Trade Algo who predicted a profit of $5.57 per share and a revenue projection of $11.28 billion.

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AutoNation

After AutoNation's fourth quarter profit and sales topped forecasts, shares increased by 4%. The auto dealer business posted adjusted earnings of $6.37 per share on $6.7 billion in revenue. According to Trade Algo, this was better than the average forecast of $6.52 billion in revenue and $5.83 in earnings per share.

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Roku

Once Bank of America double upgraded the stock from underperform to buy, the price of the streaming device company's shares increased by more than 2%. The Wall Street firm claimed that Roku has been outperforming the larger advertising industry and is on a path to improving its revenue and margins. Roku increased 11% on Thursday as the firm revealed a narrower loss than anticipated for the most recent quarter.

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Applied Materials

According to Trade Algo's consensus estimates, the semiconductor stock increased 1.5% after Applied Materials reported first-quarter profits that exceeded expectations and provided outlook for the second quarter that exceeded expectations.

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C.H. Robinson Worldwide

As JPMorgan downgraded C.H., shares dropped more than 1%. Robinson Global downgraded the transportation firm from neutral to underweight on the grounds that it is more vulnerable to macrorisks than its competitors.

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Redfin

Despite a fourth quarter that was better than anticipated, the real estate company's shares dropped by close to 5%. On $480 million in revenue, the company recorded a 57 cent per share loss. Trade Algo polled analysts who predicted a loss of $1.08 per share on revenue of $445 million. Sales decreased over the previous year. The business did forecast that its first-quarter revenue would decrease by 46% to 49% from the prior year.

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Texas Roadhouse

As Texas Roadhouse revealed fourth-quarter earnings and revenue that fell short of forecasts, the restaurant chain's stock dropped more than 5%. The restaurant reported earnings per share of 89 cents rather than the $1.03 analysts surveyed byTrade Algo had predicted. The $1.01 billion in reported revenue fell short of the $1.02 billion consensus projection.