Analysts Expect Groupon, Inc. (GRPN) to Announce $0.01 EPS
Brokerages forecast that Groupon, Inc. (NASDAQ:GRPN) will report $0.01 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for Groupon’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.02. Groupon posted earnings per share of ($0.01) during the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that Groupon will report full year earnings of $0.15 per share for the current fiscal year, with EPS estimates ranging from $0.11 to $0.22. For the next year, analysts expect that the business will report earnings of $0.21 per share, with EPS estimates ranging from $0.16 to $0.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Groupon.
Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. The business had revenue of $662.60 million for 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 company’s revenue was down 8.5% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS.
Several analysts have recently issued reports on GRPN shares. BidaskClub downgraded Groupon from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. B. Riley upgraded Groupon from a “neutral” rating to a “buy” rating and upped their price target for the stock from $4.20 to $5.50 in a research note on Thursday, June 29th. Barclays PLC reiterated an “underweight” rating and set a $3.85 price target (up previously from $3.40) on shares of Groupon in a research note on Thursday, August 3rd. Cowen and Company reiterated a “sell” rating and set a $3.50 price target on shares of Groupon in a research note on Thursday, August 3rd. Finally, ValuEngine downgraded Groupon from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Groupon currently has an average rating of “Hold” and a consensus price target of $4.57.
Shares of Groupon (NASDAQ:GRPN) opened at 4.38 on Monday. Groupon has a one year low of $2.90 and a one year high of $5.53. The company’s 50 day moving average price is $4.05 and its 200 day moving average price is $3.78. The stock’s market capitalization is $2.44 billion.
In related news, Director Peter J. Barris sold 562,719 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $3.96, for a total transaction of $2,228,367.24. Following the sale, the director now directly owns 168,887 shares in the company, valued at approximately $668,792.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric P. Lefkofsky sold 750,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $4.40, for a total value of $3,300,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,847,719 shares of company stock worth $12,252,767. 23.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRPN. Wells Fargo & Company MN grew its position in Groupon by 177.5% during the 1st quarter. Wells Fargo & Company MN now owns 510,797 shares of the coupon company’s stock worth $2,008,000 after acquiring an additional 326,756 shares during the last quarter. Bank of New York Mellon Corp grew its position in Groupon by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,424,065 shares of the coupon company’s stock worth $5,596,000 after acquiring an additional 74,298 shares during the last quarter. Swiss National Bank grew its position in Groupon by 2.1% during the 1st quarter. Swiss National Bank now owns 708,866 shares of the coupon company’s stock worth $2,786,000 after acquiring an additional 14,800 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Groupon by 21.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 294,562 shares of the coupon company’s stock worth $1,158,000 after acquiring an additional 51,657 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Groupon during the 1st quarter worth approximately $108,000. Institutional investors and hedge funds own 56.10% 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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