Advertisement
Singapore markets closed

  • Straits Times Index

    3,292.93
    -3.96 (-0.12%)
     

  • Nikkei

    38,236.07
    -37.98 (-0.10%)
     

  • Hang Seng

    18,475.92
    +268.79 (+1.48%)
     

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • Bitcoin USD

    63,538.75
    +1,556.30 (+2.51%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • Dow

    38,675.68
    +450.02 (+1.18%)
     

  • Nasdaq

    16,156.33
    +315.37 (+1.99%)
     

  • Gold

    2,310.10
    +0.50 (+0.02%)
     

  • Crude Oil

    77.99
    -0.96 (-1.22%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • FTSE Bursa Malaysia

    1,589.59
    +9.29 (+0.59%)
     

  • Jakarta Composite Index

    7,134.72
    +17.30 (+0.24%)
     

  • PSE Index

    6,615.55
    -31.00 (-0.47%)
     

Duolingo, Inc. (DUOL) Soars 8.1%: Is Further Upside Left in the Stock?

Zacks Equity Research
·2-min read

Duolingo, Inc. (DUOL) shares rallied 8.1% in the last trading session to close at $105.30. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 34.4% gain over the past four weeks.

The stock is benefiting from the company’s growing daily and monthly active users, bookings, and steady retention rates.

This company is expected to post quarterly loss of $0.53 per share in its upcoming report, which represents a year-over-year change of -15.2%. Revenues are expected to be $99.85 million, up 36.8% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

ADVERTISEMENT

For Duolingo, Inc., the consensus EPS estimate for the quarter has been revised 1.8% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on DUOL going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Duolingo, Inc. is part of the Zacks Technology Services industry. Parsons (PSN), another stock in the same industry, closed the last trading session 0.8% higher at $44.21. PSN has returned -2.5% in the past month.

For Parsons , the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.53. This represents a change of -3.6% from what the company reported a year ago. Parsons currently has a Zacks Rank of #3 (Hold).

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 Report

Parsons Corporation (PSN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research