Duolingo (DUOL) Set to Announce Earnings on Wednesday

Duolingo (NASDAQ:DUOL) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Duolingo to post 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 issued 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. The firm had revenue of $150.99 million during the quarter, compared to analyst estimates of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. 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 %

Shares of DUOL opened at $240.00 on Monday. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $217.86 and a 200-day moving average price of $205.56. The firm has a market capitalization of $10.29 billion, a P/E ratio of 705.90 and a beta of 0.82. Duolingo has a 12-month low of $116.82 and a 12-month high of $245.87.

Insider Transactions at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 22,023 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $220.26, for a total transaction of $4,850,785.98. The sale was disclosed in a filing with the SEC, which is available through this link. In other Duolingo news, Director Amy Bohutinsky sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $202.14, for a total transaction of $3,032,100.00. Following the sale, the director now directly owns 4,253 shares of the company’s stock, valued at approximately $859,701.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ahn Luis Von sold 22,023 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $220.26, for a total transaction of $4,850,785.98. The disclosure for this sale can be found here. Insiders have sold 125,223 shares of company stock worth $27,171,605 over the last 90 days. 19.85% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Piper Sandler lifted their price objective on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Seaport Res Ptn reiterated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Bank of America increased their price target 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. Needham & Company LLC boosted their price target on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, The Goldman Sachs Group lifted their price objective on shares of Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $245.13.

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.