Groupon Inc (GRPN) Expected to Post Quarterly Sales of $860.58 Million

Wall Street brokerages predict that Groupon Inc (NASDAQ:GRPN) will announce sales of $860.58 million for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Groupon’s earnings, with estimates ranging from $844.50 million to $883.12 million. Groupon reported sales of $934.89 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.9%. The business is expected to report its next quarterly earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Groupon will report full year sales of $860.58 million for the current fiscal year, with estimates ranging from $2.80 billion to $2.85 billion. For the next fiscal year, analysts expect that the company will post sales of $2.92 billion per share, with estimates ranging from $2.78 billion to $3.07 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Groupon.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. The company had revenue of $634.46 million during the quarter, compared to analysts’ expectations of $642.62 million. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) EPS.

A number of research firms have weighed in on GRPN. DA Davidson reissued a “buy” rating on shares of Groupon in a research report on Thursday, November 30th. Piper Jaffray Companies reissued an “overweight” rating and issued a $6.25 price objective (up from $5.50) on shares of Groupon in a research report on Wednesday, November 1st. Vetr upgraded shares of Groupon from a “strong sell” rating to a “sell” rating and set a $5.14 target price on the stock in a research note on Tuesday, November 7th. TheStreet upgraded shares of Groupon from a “d” rating to a “c-” rating in a research note on Thursday, November 2nd. Finally, Gabelli started coverage on shares of Groupon in a research note on Tuesday, October 17th. They issued a “buy” rating and a $7.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.06.

In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $5.77, for a total transaction of $8,655,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Brian Stevens sold 20,000 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $5.71, for a total transaction of $114,200.00. Following the sale, the chief accounting officer now owns 222,354 shares in the company, valued at approximately $1,269,641.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,545,000 shares of company stock worth $8,901,450. 23.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRPN. Westpac Banking Corp increased its stake in shares of Groupon by 41.9% in the fourth quarter. Westpac Banking Corp now owns 239,360 shares of the coupon company’s stock valued at $1,221,000 after purchasing an additional 70,690 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Groupon by 11.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,164,262 shares of the coupon company’s stock valued at $11,038,000 after purchasing an additional 216,603 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of Groupon in the fourth quarter valued at approximately $153,000. California Public Employees Retirement System increased its stake in shares of Groupon by 4.7% in the third quarter. California Public Employees Retirement System now owns 1,211,296 shares of the coupon company’s stock valued at $6,299,000 after purchasing an additional 54,496 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Groupon in the third quarter valued at approximately $8,924,000. Hedge funds and other institutional investors own 60.01% of the company’s stock.

Groupon (NASDAQ:GRPN) traded down $0.05 during trading hours on Friday, reaching $5.11. 6,130,300 shares of the company’s stock were exchanged, compared to its average volume of 8,598,226. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99. The stock has a market cap of $3,100.00, a PE ratio of -34.07, a P/E/G ratio of 27.16 and a beta of 1.57. Groupon has a one year low of $2.90 and a one year high of $5.99.

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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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