Duolingo (DUOL) to Release Earnings on Wednesday

Duolingo (NASDAQ:DUOL) will announce its earnings results 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 that wish to listen to the company’s earnings conference call can do so using this link.

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

Duolingo Stock Up 4.9 %

NASDAQ:DUOL opened at $240.00 on Monday. Duolingo has a 52 week low of $116.82 and a 52 week high of $245.87. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $217.86 and its two-hundred day moving average is $205.56. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 705.90 and a beta of 0.82.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. JPMorgan Chase & Co. assumed coverage on shares of Duolingo in a report on Monday, March 11th. They issued an “overweight” rating and a $270.00 target price on the stock. UBS Group boosted their price target on shares of Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Bank of America increased their price objective on shares of Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Finally, Barclays raised their target price on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $245.13.

Insider Buying and Selling

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $223.47, for a total value of $2,234,700.00. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at $16,089.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Matthew Skaruppa sold 8,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $223.46, for a total transaction of $1,787,680.00. Following the transaction, the chief financial officer now owns 64,523 shares of the company’s stock, valued at $14,418,309.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $223.47, for a total transaction of $2,234,700.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $16,089.84. The disclosure for this sale can be found here. Insiders have sold 125,223 shares of company stock worth $27,171,605 in the last quarter. 19.85% of the stock is 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.