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Duolingo, Inc. (DUOL) Stock Sinks As Market Gains: Here's Why
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Duolingo, Inc. (DUOL - Free Report) closed the most recent trading day at $142.54, moving -3.1% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.17%. Elsewhere, the Dow saw a downswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.4%.
Heading into today, shares of the company had gained 0.05% over the past month, outpacing the Business Services sector's loss of 3.68% and the S&P 500's loss of 1.29%.
Market participants will be closely following the financial results of Duolingo, Inc. in its upcoming release. The company is predicted to post an EPS of $0.55, indicating a 42.11% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $303.53 million, indicating a 11.71% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.62 per share and a revenue of $1.21 billion, signifying shifts of -69.43% and +16.39%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Duolingo, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.88% decrease. Duolingo, Inc. is currently a Zacks Rank #3 (Hold).
In the context of valuation, Duolingo, Inc. is at present trading with a Forward P/E ratio of 56.25. This represents a premium compared to its industry average Forward P/E of 17.84.
Investors should also note that DUOL has a PEG ratio of 1.21 right now. 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 had an average PEG ratio of 1.22 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 38% of all 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.
View the Zacks #1 Rank List
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Duolingo, Inc. (DUOL) Stock Sinks As Market Gains: Here's Why
Duolingo, Inc. (DUOL - Free Report) closed the most recent trading day at $142.54, moving -3.1% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.17%. Elsewhere, the Dow saw a downswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.4%.
Heading into today, shares of the company had gained 0.05% over the past month, outpacing the Business Services sector's loss of 3.68% and the S&P 500's loss of 1.29%.
Market participants will be closely following the financial results of Duolingo, Inc. in its upcoming release. The company is predicted to post an EPS of $0.55, indicating a 42.11% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $303.53 million, indicating a 11.71% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.62 per share and a revenue of $1.21 billion, signifying shifts of -69.43% and +16.39%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Duolingo, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.88% decrease. Duolingo, Inc. is currently a Zacks Rank #3 (Hold).
In the context of valuation, Duolingo, Inc. is at present trading with a Forward P/E ratio of 56.25. This represents a premium compared to its industry average Forward P/E of 17.84.
Investors should also note that DUOL has a PEG ratio of 1.21 right now. 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 had an average PEG ratio of 1.22 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 38% of all 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.