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Duolingo, Inc. (DUOL) Laps the Stock Market: Here's Why
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In the latest close session, Duolingo, Inc. (DUOL - Free Report) was up +2.36% at $104.36. The stock's change was more than the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq increased by 0.47%.
Shares of the company witnessed a loss of 9.43% over the previous month, trailing the performance of the Business Services sector with its loss of 1.02%, and the S&P 500's loss of 1.88%.
Investors will be eagerly watching for the performance of Duolingo, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.79, indicating a 9.72% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $288.25 million, up 24.92% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.08 per share and a revenue of $1.21 billion, representing changes of -64.06% and +16.46%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Duolingo, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 23.19% lower within the past month. Duolingo, Inc. presently features a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Duolingo, Inc. is presently trading at a Forward P/E ratio of 33.1. This expresses a premium compared to the average Forward P/E of 15.6 of its industry.
It's also important to note that DUOL currently trades at a PEG ratio of 0.71. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.34.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 188, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Duolingo, Inc. (DUOL) Laps the Stock Market: Here's Why
In the latest close session, Duolingo, Inc. (DUOL - Free Report) was up +2.36% at $104.36. The stock's change was more than the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq increased by 0.47%.
Shares of the company witnessed a loss of 9.43% over the previous month, trailing the performance of the Business Services sector with its loss of 1.02%, and the S&P 500's loss of 1.88%.
Investors will be eagerly watching for the performance of Duolingo, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.79, indicating a 9.72% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $288.25 million, up 24.92% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.08 per share and a revenue of $1.21 billion, representing changes of -64.06% and +16.46%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Duolingo, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 23.19% lower within the past month. Duolingo, Inc. presently features a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Duolingo, Inc. is presently trading at a Forward P/E ratio of 33.1. This expresses a premium compared to the average Forward P/E of 15.6 of its industry.
It's also important to note that DUOL currently trades at a PEG ratio of 0.71. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.34.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 188, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.