Duolingo, Inc. (DUOL) Ascends While Market Falls: Some Facts to Note

Duolingo, Inc. (DUOL) closed the most recent trading day at $332.94, moving +0.52% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.33%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.53%.Coming into today, shares of the company had lost 14.32% in the past month. In that same time, the Business Services sector lost 2.97%, while the S&P 500 lost 4.03%.Market participants will be closely following the financial results of Duolingo, Inc. in its upcoming release. On that day, Duolingo, Inc. is projected to report earnings of $0.52 per share, which would represent a year-over-year decline of 8.77%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $222.98 million, up 33.08% from the year-ago period.For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.61 per share and a revenue of $973.45 million, signifying shifts of +38.83% and +30.14%, respectively, from the last year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Duolingo, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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 past month, there's been a 13.89% fall in the Zacks Consensus EPS estimate. Duolingo, Inc. presently features a Zacks Rank of #3 (Hold).In terms of valuation, Duolingo, Inc. is presently being traded at a Forward P/E ratio of 126.76. This valuation marks a premium compared to its industry's average Forward P/E of 20.54.The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% 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.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Duolingo, Inc. (DUOL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks