$669.53 Million in Sales Expected for Groupon, Inc. (GRPN) This Quarter
Equities analysts forecast that Groupon, Inc. (NASDAQ:GRPN) will post $669.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Groupon’s earnings, with estimates ranging from $650.88 million to $695.70 million. Groupon posted sales of $756.03 million during the same quarter last year, which would indicate a negative year over year growth rate of 11.4%. The company is expected to report its next quarterly earnings report on Wednesday, July 26th.
According to Zacks, analysts expect that Groupon will report full year sales of $669.53 million for the current year, with estimates ranging from $2.78 billion to $3.20 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.05 billion per share, with estimates ranging from $2.83 billion to $3.29 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Groupon.
Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, May 3rd. The coupon company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 return on equity of 22.40% and a negative net margin of 5.51%. Groupon’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) earnings per share.
GRPN has been the subject of a number of analyst reports. Vetr lowered Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 price target for the company. in a research report on Monday, May 1st. Maxim Group reduced their price target on Groupon from $5.50 to $4.25 and set a “buy” rating for the company in a research report on Thursday, May 4th. B. Riley upgraded Groupon from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $4.20 to $5.50 in a research report on Thursday, June 29th. Loop Capital reiterated a “hold” rating on shares of Groupon in a research report on Wednesday, April 19th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Groupon in a research note on Friday, May 5th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Groupon presently has an average rating of “Hold” and a consensus price target of $4.61.
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Groupon (GRPN) traded up 1.27% on Friday, reaching $3.99. The company’s stock had a trading volume of 4,604,821 shares. The firm has a 50-day moving average price of $3.24 and a 200 day moving average price of $3.65. Groupon has a 52-week low of $2.90 and a 52-week high of $5.94. The firm’s market capitalization is $2.24 billion.
In other news, General Counsel Dane A. Drobny sold 47,753 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $3.59, for a total transaction of $171,433.27. Following the completion of the sale, the general counsel now owns 377,721 shares in the company, valued at approximately $1,356,018.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Peter J. Barris sold 281,352 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $3.04, for a total value of $855,310.08. Following the sale, the director now owns 116,923 shares of the company’s stock, valued at approximately $355,445.92. The disclosure for this sale can be found here. Insiders sold 359,105 shares of company stock worth $1,129,243 in the last 90 days. Corporate insiders own 23.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Groupon during the second quarter valued at about $142,000. UBS Oconnor LLC bought a new stake in Groupon during the first quarter valued at about $1,410,000. FNY Managed Accounts LLC bought a new stake in Groupon during the first quarter valued at about $117,000. Tudor Investment Corp ET AL increased its stake in Groupon by 331.7% in the first quarter. Tudor Investment Corp ET AL now owns 263,783 shares of the coupon company’s stock valued at $1,037,000 after buying an additional 202,683 shares during the period. Finally, HarbourVest Partners LLC bought a new stake in Groupon during the first quarter valued at about $536,000. Institutional investors own 57.28% of the company’s stock.
Groupon Company Profile
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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