Duolingo (DUOL) Scheduled to Post Quarterly Earnings on Wednesday

Duolingo (NASDAQ:DUOL) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Duolingo has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $150.99 million for the quarter, compared to analysts’ expectations of $146.98 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. On average, analysts expect Duolingo to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Duolingo Price Performance

Shares of DUOL opened at $225.75 on Wednesday. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. Duolingo has a 1 year low of $116.82 and a 1 year high of $245.87. The stock has a market cap of $9.68 billion, a P/E ratio of 663.99 and a beta of 0.84. The stock’s 50-day moving average price is $214.59 and its two-hundred day moving average price is $204.24.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DUOL shares. Bank of America lifted their price objective on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. Barclays lifted their target price on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Needham & Company LLC lifted their target price on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. started coverage on Duolingo in a research note on Monday, March 11th. They set an “overweight” rating and a $270.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Duolingo has a consensus rating of “Hold” and an average target price of $245.13.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total transaction of $270,105.00. Following the completion of the sale, the insider now directly owns 129,188 shares of the company’s stock, valued at $23,262,883.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total value of $1,786,200.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $12,860.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $180.07, for a total value of $270,105.00. Following the sale, the insider now directly owns 129,188 shares of the company’s stock, valued at approximately $23,262,883.16. The disclosure for this sale can be found here. Insiders sold a total of 113,223 shares of company stock valued at $23,682,665 over the last ninety days. 19.85% of the stock is currently owned by insiders.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.