Duolingo Inc reports results for the quarter ended June 30 - Earnings Summary

• Duolingo Inc DUOL.OQ reported quarterly adjusted earnings of 91 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 51 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 58 cents per share. Wall Street expected results to range from 50 cents to 68 cents per share.

• Revenue rose 41.5% to $252.27 million from a year ago; analysts expected $240.67 million.

• Duolingo Inc's reported EPS for the quarter was 91 cents​.

• The company reported quarterly net income of $44.78 million.

• Duolingo Inc shares had fallen by 17.0% this quarter and gained 5.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Duolingo Inc is $471.23, about 27.8% above its last closing price of $340.31

This summary was machine generated from LSEG data August 6 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)