$645.86 Million in Sales Expected for Groupon, Inc. (GRPN) This Quarter
Wall Street analysts predict that Groupon, Inc. (NASDAQ:GRPN) will report $645.86 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Groupon’s earnings, with estimates ranging from $629.40 million to $657.72 million. Groupon posted sales of $720.47 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.4%. The company is expected to announce its next earnings report on Wednesday, October 25th.
On average, analysts expect that Groupon will report full-year sales of $645.86 million for the current year, with estimates ranging from $2.78 billion to $3.20 billion. For the next financial year, analysts forecast that the company will post sales of $3.00 billion per share, with estimates ranging from $2.83 billion to $3.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Groupon.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.06. The business had revenue of $662.60 million during the quarter, compared to the consensus estimate of $668.84 million. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) earnings per share.
GRPN has been the topic of several recent research reports. Maxim Group lowered their price target on shares of Groupon from $5.50 to $4.25 and set a “buy” rating on the stock in a research note on Thursday, May 4th. B. Riley reiterated a “buy” rating and issued a $5.50 price target on shares of Groupon in a research note on Thursday. Vetr upgraded shares of Groupon from a “buy” rating to a “strong-buy” rating and set a $4.39 price target on the stock in a research note on Wednesday, May 3rd. Morgan Stanley reiterated an “underweight” rating and issued a $3.20 price target (down from $3.50) on shares of Groupon in a research note on Wednesday, July 26th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $5.50 price target on shares of Groupon in a research note on Wednesday, June 28th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $4.59.
In other Groupon news, CAO Brian Stevens sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $3.15, for a total value of $31,500.00. Following the completion of the sale, the chief accounting officer now owns 204,141 shares of the company’s stock, valued at approximately $643,044.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter J. Barris sold 281,352 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $3.04, for a total transaction of $855,310.08. Following the completion of the sale, the director now directly 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 a total of 359,105 shares of company stock valued at $1,129,243 in the last three months. Insiders own 23.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of GRPN. Marshall Wace North America L.P. acquired a new stake in Groupon during the second quarter worth about $127,000. BNP Paribas Arbitrage SA increased its stake in Groupon by 234.9% in the second quarter. BNP Paribas Arbitrage SA now owns 51,877 shares of the coupon company’s stock worth $199,000 after buying an additional 36,388 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Groupon by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 1,449,707 shares of the coupon company’s stock worth $5,567,000 after buying an additional 25,642 shares in the last quarter. SG Americas Securities LLC increased its stake in Groupon by 24.9% in the second quarter. SG Americas Securities LLC now owns 39,212 shares of the coupon company’s stock worth $151,000 after buying an additional 7,813 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Groupon by 43.4% in the second quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock worth $62,685,000 after buying an additional 4,937,648 shares in the last quarter. 56.27% of the stock is owned by hedge funds and other institutional investors.
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Shares of Groupon (NASDAQ:GRPN) opened at 4.12 on Monday. Groupon has a 12 month low of $2.90 and a 12 month high of $5.94. The stock has a 50 day moving average price of $3.61 and a 200-day moving average price of $3.69. The stock’s market cap is $2.30 billion.
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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