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Duolingo, Inc. (DUOL) Suffers a Larger Drop Than the General Market: Key Insights
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Duolingo, Inc. (DUOL - Free Report) closed the most recent trading day at $119.94, moving -9.24% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.01%. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq decreased by 0.46%.
Shares of the company have appreciated by 22.57% over the course of the past month, outperforming the Business Services sector's loss of 1.21%, and the S&P 500's loss of 1.4%.
The investment community will be closely monitoring the performance of Duolingo, Inc. in its forthcoming earnings report. On that day, Duolingo, Inc. is projected to report earnings of $0.58 per share, which would represent a year-over-year decline of 36.26%. Meanwhile, the latest consensus estimate predicts the revenue to be $296.19 million, indicating a 17.42% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.76 per share and a revenue of $1.21 billion, representing changes of -67.79% and +16.36%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Duolingo, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Duolingo, Inc. holds a Zacks Rank of #4 (Sell).
Looking at its valuation, Duolingo, Inc. is holding a Forward P/E ratio of 47.85. This represents a premium compared to its industry average Forward P/E of 15.61.
Also, we should mention that DUOL has a PEG ratio of 1.03. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Technology Services industry currently had an average PEG ratio of 1.4 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 162, this industry ranks in the bottom 34% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DUOL in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Duolingo, Inc. (DUOL) Suffers a Larger Drop Than the General Market: Key Insights
Duolingo, Inc. (DUOL - Free Report) closed the most recent trading day at $119.94, moving -9.24% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.01%. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq decreased by 0.46%.
Shares of the company have appreciated by 22.57% over the course of the past month, outperforming the Business Services sector's loss of 1.21%, and the S&P 500's loss of 1.4%.
The investment community will be closely monitoring the performance of Duolingo, Inc. in its forthcoming earnings report. On that day, Duolingo, Inc. is projected to report earnings of $0.58 per share, which would represent a year-over-year decline of 36.26%. Meanwhile, the latest consensus estimate predicts the revenue to be $296.19 million, indicating a 17.42% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.76 per share and a revenue of $1.21 billion, representing changes of -67.79% and +16.36%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Duolingo, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Duolingo, Inc. holds a Zacks Rank of #4 (Sell).
Looking at its valuation, Duolingo, Inc. is holding a Forward P/E ratio of 47.85. This represents a premium compared to its industry average Forward P/E of 15.61.
Also, we should mention that DUOL has a PEG ratio of 1.03. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Technology Services industry currently had an average PEG ratio of 1.4 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 162, this industry ranks in the bottom 34% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DUOL in the coming trading sessions, be sure to utilize Zacks.com.