Groupon Inc (GRPN) Expected to Announce Quarterly Sales of $686.32 Million

Wall Street analysts expect Groupon Inc (NASDAQ:GRPN) to post $686.32 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Groupon’s earnings, with the highest sales estimate coming in at $712.14 million and the lowest estimate coming in at $654.76 million. Groupon reported sales of $673.63 million in the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The firm is scheduled to announce its next earnings report on Wednesday, May 2nd.

On average, analysts expect that Groupon will report full year sales of $686.32 million for the current year, with estimates ranging from $2.58 billion to $2.93 billion. For the next year, analysts expect that the business will report sales of $2.81 billion per share, with estimates ranging from $2.61 billion to $3.08 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Groupon.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). The business had revenue of $873.17 million for the quarter, compared to analysts’ expectations of $853.13 million. Groupon had a return on equity of 0.22% and a net margin of 0.49%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share.

A number of analysts have issued reports on GRPN shares. Zacks Investment Research upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price target on the stock in a research note on Monday, November 6th. TheStreet upgraded shares of Groupon from a “d” rating to a “c-” rating in a research note on Thursday, November 2nd. Goldman Sachs Group upgraded shares of Groupon from a “sell” rating to a “neutral” rating and set a $5.40 price target on the stock in a research note on Wednesday, January 17th. Citigroup boosted their price target on shares of Groupon from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, Vetr lowered shares of Groupon from a “strong-buy” rating to a “strong sell” rating and set a $3.68 price target on the stock. in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Groupon has a consensus rating of “Hold” and a consensus target price of $5.08.

Shares of Groupon (NASDAQ:GRPN) opened at $4.28 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $2,390.00, a PE ratio of 214.00, a price-to-earnings-growth ratio of 25.56 and a beta of 1.47. Groupon has a one year low of $2.90 and a one year high of $5.99.

In other news, CAO Brian Stevens sold 20,000 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 222,354 shares of the company’s stock, valued at $1,269,641.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $5.77, for a total value of $8,655,000.00. The disclosure for this sale can be found here. Insiders own 23.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in GRPN. Paloma Partners Management Co acquired a new position in Groupon in the fourth quarter valued at approximately $110,000. Ameritas Investment Partners Inc. acquired a new position in Groupon in the second quarter valued at approximately $116,000. New York State Teachers Retirement System acquired a new position in Groupon in the third quarter valued at approximately $122,000. US Bancorp DE acquired a new position in Groupon in the fourth quarter valued at approximately $133,000. Finally, North Star Investment Management Corp. acquired a new position in Groupon in the fourth quarter valued at approximately $153,000. 57.01% of the stock is owned by hedge funds and other institutional investors.

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About Groupon

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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