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Duolingo, Inc. (DUOL) Stock Dips While Market Gains: Key Facts
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In the latest trading session, Duolingo, Inc. (DUOL - Free Report) closed at $143.61, marking a -2.8% move from the previous day. This change lagged the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 0.48%.
Coming into today, shares of the company had gained 3.42% in the past month. In that same time, the Business Services sector lost 6.07%, while the S&P 500 gained 0.74%.
The investment community will be closely monitoring the performance of Duolingo, Inc. in its forthcoming earnings report. The company is expected to report EPS of $0.55, down 42.11% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $303.53 million, showing a 11.71% escalation compared to the year-ago quarter.
DUOL's full-year Zacks Consensus Estimates are calling for earnings of $2.62 per share and revenue of $1.21 billion. These results would represent year-over-year changes of -69.43% and +16.39%, respectively.
It is also important to note the recent changes to analyst estimates for Duolingo, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.57% downward. Currently, Duolingo, Inc. is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Duolingo, Inc. has a Forward P/E ratio of 56.5 right now. This valuation marks a premium compared to its industry average Forward P/E of 17.31.
Meanwhile, DUOL's PEG ratio is currently 1.21. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Technology Services stocks are, on average, holding a PEG ratio of 1.22 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 36% echelons of all 250+ industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Duolingo, Inc. (DUOL) Stock Dips While Market Gains: Key Facts
In the latest trading session, Duolingo, Inc. (DUOL - Free Report) closed at $143.61, marking a -2.8% move from the previous day. This change lagged the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 0.48%.
Coming into today, shares of the company had gained 3.42% in the past month. In that same time, the Business Services sector lost 6.07%, while the S&P 500 gained 0.74%.
The investment community will be closely monitoring the performance of Duolingo, Inc. in its forthcoming earnings report. The company is expected to report EPS of $0.55, down 42.11% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $303.53 million, showing a 11.71% escalation compared to the year-ago quarter.
DUOL's full-year Zacks Consensus Estimates are calling for earnings of $2.62 per share and revenue of $1.21 billion. These results would represent year-over-year changes of -69.43% and +16.39%, respectively.
It is also important to note the recent changes to analyst estimates for Duolingo, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.57% downward. Currently, Duolingo, Inc. is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Duolingo, Inc. has a Forward P/E ratio of 56.5 right now. This valuation marks a premium compared to its industry average Forward P/E of 17.31.
Meanwhile, DUOL's PEG ratio is currently 1.21. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Technology Services stocks are, on average, holding a PEG ratio of 1.22 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 36% echelons of all 250+ industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.