Zacks: Brokerages Anticipate Groupon Inc (GRPN) Will Announce Quarterly Sales of $669.53 Million
Equities research analysts forecast that Groupon Inc (NASDAQ:GRPN) will announce $669.53 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Groupon’s earnings, with the lowest sales estimate coming in at $650.88 million and the highest estimate coming in at $695.7 million. Groupon posted sales of $756.03 million during the same quarter last year, which indicates a negative year over year growth rate of 11.4%. The firm is expected to issue its next earnings results on Wednesday, July 26th.
On average, analysts expect that Groupon will report full year sales of $669.53 million for the current fiscal year, with estimates ranging from $2.78 billion to $3.2 billion. For the next fiscal year, analysts forecast that the firm will post sales of $3.05 billion per share, with estimates ranging from $2.83 billion to $3.29 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Groupon.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, May 3rd. The coupon company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.06. The firm had revenue of $673.63 million during the quarter, compared to analysts’ expectations of $721.93 million. Groupon had a negative net margin of 6.03% and a negative return on equity of 29.46%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.01) earnings per share.
GRPN has been the subject of a number of recent analyst reports. Evercore ISI increased their target price on shares of Groupon to $5.30 in a research report on Thursday, February 16th. Wedbush set a $5.00 price objective on shares of Groupon and gave the stock a “buy” rating in a research report on Tuesday, February 14th. Vetr raised shares of Groupon from a “hold” rating to a “buy” rating and set a $4.67 price objective for the company in a research report on Thursday, February 23rd. Maxim Group reduced their price objective on shares of Groupon from $5.50 to $4.25 and set a “buy” rating for the company in a research report on Thursday, May 4th. Finally, Morgan Stanley raised their price objective on shares of Groupon from $3.60 to $3.90 and gave the stock an “equal weight” rating in a research report on Thursday, February 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Groupon currently has an average rating of “Hold” and an average target price of $4.75.
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Shares of Groupon (NASDAQ:GRPN) traded down 1.376% on Friday, reaching $3.225. 1,809,279 shares of the company’s stock were exchanged. The stock’s market cap is $1.81 billion. Groupon has a 52-week low of $2.92 and a 52-week high of $5.94. The company’s 50 day moving average price is $3.62 and its 200-day moving average price is $3.78.
In other Groupon news, Director Peter J. Barris sold 187,386 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $4.20, for a total transaction of $787,021.20. Following the transaction, the director now directly owns 116,923 shares in the company, valued at approximately $491,076.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Brian Stevens sold 10,000 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $4.00, for a total value of $40,000.00. Following the transaction, the chief accounting officer now owns 194,775 shares in the company, valued at $779,100. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 359,107 shares of company stock worth $1,469,758. Company insiders own 23.86% of the company’s stock.
Several large investors have recently added to or reduced their stakes in GRPN. State of New Jersey Common Pension Fund D acquired a new stake in Groupon during the first quarter worth approximately $18,078,000. Norges Bank acquired a new stake in Groupon during the fourth quarter worth approximately $11,260,000. D. E. Shaw & Co. Inc. boosted its stake in Groupon by 81.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 7,108,667 shares of the coupon company’s stock worth $36,609,000 after buying an additional 3,183,938 shares during the last quarter. Morgan Stanley boosted its stake in Groupon by 44.5% in the third quarter. Morgan Stanley now owns 7,461,022 shares of the coupon company’s stock worth $38,425,000 after buying an additional 2,299,150 shares during the last quarter. Finally, Bogle Investment Management L P DE acquired a new stake in Groupon during the first quarter worth approximately $8,941,000. Institutional investors own 59.44% of the company’s stock.
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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