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Duolingo, Inc. (DUOL) Exceeds Market Returns: Some Facts to Consider
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Duolingo, Inc. (DUOL - Free Report) closed the most recent trading day at $146.57, moving +2.93% from the previous trading session. This change outpaced the S&P 500's 0.2% gain on the day. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.04%.
Shares of the company witnessed a loss of 9.79% over the previous month, trailing the performance of the Business Services sector with its loss of 6.44%, and the S&P 500's loss of 0.35%.
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 $0.55 per share, which would represent a year-over-year decline of 42.11%. Meanwhile, the latest consensus estimate predicts the revenue to be $303.79 million, indicating a 11.8% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.62 per share and revenue of $1.21 billion, indicating changes of -69.43% and +16.44%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Duolingo, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Duolingo, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Duolingo, Inc. is presently trading at a Forward P/E ratio of 54.46. This represents a premium compared to its industry average Forward P/E of 15.89.
We can additionally observe that DUOL currently boasts a PEG ratio of 1.17. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. DUOL's industry had an average PEG ratio of 1.17 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 182, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Duolingo, Inc. (DUOL) Exceeds Market Returns: Some Facts to Consider
Duolingo, Inc. (DUOL - Free Report) closed the most recent trading day at $146.57, moving +2.93% from the previous trading session. This change outpaced the S&P 500's 0.2% gain on the day. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.04%.
Shares of the company witnessed a loss of 9.79% over the previous month, trailing the performance of the Business Services sector with its loss of 6.44%, and the S&P 500's loss of 0.35%.
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 $0.55 per share, which would represent a year-over-year decline of 42.11%. Meanwhile, the latest consensus estimate predicts the revenue to be $303.79 million, indicating a 11.8% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.62 per share and revenue of $1.21 billion, indicating changes of -69.43% and +16.44%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Duolingo, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Duolingo, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Duolingo, Inc. is presently trading at a Forward P/E ratio of 54.46. This represents a premium compared to its industry average Forward P/E of 15.89.
We can additionally observe that DUOL currently boasts a PEG ratio of 1.17. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. DUOL's industry had an average PEG ratio of 1.17 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 182, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.