Duolingo DUOL will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Duolingo to report an earnings per share (EPS) of $0.35.
Investors in Duolingo are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Past Earnings Performance
Last quarter the company beat EPS by $0.19, which was followed by a 10.9% increase in the share price the next day.
Here's a look at Duolingo's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.32 | 0.27 | 0.17 | -0.12 |
| EPS Actual | 0.51 | 0.57 | 0.26 | 0.06 |
| Price Change % | 11.0% | -18.0% | 22.0% | 21.0% |
Market Performance of Duolingo's Stock
Shares of Duolingo were trading at $290.65 as of November 04. Over the last 52-week period, shares are up 76.7%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Duolingo visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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