Duolingo, Inc. (DUOL) closed the latest trading day at $283.65, indicating a -0.62% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.17%. On the other hand, the Dow registered a loss of 0.44%, and the technology-centric Nasdaq decreased by 0.04%.

Heading into today, shares of the company had gained 38.02% over the past month, outpacing the Business Services sector's gain of 1.44% and the S&P 500's gain of 1.25% in that time.

The investment community will be closely monitoring the performance of Duolingo, Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.36, signifying a 500% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $188.67 million, indicating a 37.09% increase compared to the same quarter of the previous year.

DUOL's full-year Zacks Consensus Estimates are calling for earnings of $1.87 per share and revenue of $736.1 million. These results would represent year-over-year changes of +434.29% and +38.6%, respectively.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Duolingo, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Duolingo, Inc. is holding a Zacks Rank of #1 (Strong Buy) right now.

With respect to valuation, Duolingo, Inc. is currently being traded at a Forward P/E ratio of 152.77. This indicates a premium in contrast to its industry's Forward P/E of 24.47.

The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

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