Duolingo, Inc. (DUOL) Stock Moves -0.49%: What You Should Know

Duolingo, Inc. (DUOL) closed at $279.93 in the latest trading session, marking a -0.49% move from the prior day. This change was narrower than the S&P 500's 0.92% loss on the day. Elsewhere, the Dow lost 0.96%, while the tech-heavy Nasdaq lost 1.6%.Heading into today, shares of the company had gained 4.27% over the past month, outpacing the Business Services sector's gain of 3.11% and the S&P 500's gain of 2.68% in that time.Market participants will be closely following the financial results of Duolingo, Inc. in its upcoming release. The company plans to announce its earnings on November 6, 2024. The company is expected to report EPS of $0.36, up 500% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $188.67 million, up 37.09% from the prior-year quarter.For the full year, the Zacks Consensus Estimates project earnings of $1.87 per share and a revenue of $736.1 million, demonstrating changes of +434.29% and +38.6%, respectively, from the preceding year.It's also important for investors to be aware of any recent modifications to analyst estimates for Duolingo, Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Duolingo, Inc. boasts a Zacks Rank of #2 (Buy).Digging into valuation, Duolingo, Inc. currently has a Forward P/E ratio of 150.56. This expresses a premium compared to the average Forward P/E of 25.02 of its industry.The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 64, finds itself in the top 26% 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.Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks