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Duolingo (DUOL) Moves 6.6% Higher: Will This Strength Last?
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Duolingo, Inc. (DUOL - Free Report) shares ended the last trading session 6.6% higher at $287.54. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 30.1% gain over the past four weeks.
The stock is benefiting from the company’s dedication to product excellence, effective monetization strategies, and a steadily increasing user and subscriber base. Combined with its robust financial health and strong liquidity, the company is well-positioned for growth.
This company is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +500%. Revenues are expected to be $188.67 million, up 37.1% 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.
For Duolingo, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. 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.
Duolingo belongs to the Zacks Technology Services industry. Another stock from the same industry, SPX Technologies (SPXC - Free Report) , closed the last trading session 1.1% lower at $159.89. Over the past month, SPXC has returned 1.7%.
SPX Technologies' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.38. Compared to the company's year-ago EPS, this represents a change of +30.2%. SPX Technologies currently boasts a Zacks Rank of #2 (Buy).
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Duolingo (DUOL) Moves 6.6% Higher: Will This Strength Last?
Duolingo, Inc. (DUOL - Free Report) shares ended the last trading session 6.6% higher at $287.54. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 30.1% gain over the past four weeks.
The stock is benefiting from the company’s dedication to product excellence, effective monetization strategies, and a steadily increasing user and subscriber base. Combined with its robust financial health and strong liquidity, the company is well-positioned for growth.
This company is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +500%. Revenues are expected to be $188.67 million, up 37.1% 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.
For Duolingo, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. 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 #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Duolingo belongs to the Zacks Technology Services industry. Another stock from the same industry, SPX Technologies (SPXC - Free Report) , closed the last trading session 1.1% lower at $159.89. Over the past month, SPXC has returned 1.7%.
SPX Technologies' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.38. Compared to the company's year-ago EPS, this represents a change of +30.2%. SPX Technologies currently boasts a Zacks Rank of #2 (Buy).