Wall Street analysts expect Groupon, Inc. (NASDAQ:GRPN) to report earnings of $0.01 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Groupon’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.02. Groupon reported earnings of ($0.01) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 200%. The firm is expected to issue its next quarterly earnings report before the market opens on Wednesday, November 1st.
According to Zacks, analysts expect that Groupon will report full-year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.06 to $0.20. For the next fiscal year, analysts expect that the firm will report earnings of $0.18 per share, with EPS estimates ranging from $0.05 to $0.26. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Groupon.
Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.06. The firm had revenue of $662.60 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) EPS.
A number of equities research analysts have recently weighed in on the stock. B. Riley raised shares of Groupon from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.20 to $5.50 in a report on Thursday, June 29th. Royal Bank Of Canada reissued a “hold” rating and set a $4.00 price objective on shares of Groupon in a report on Friday, June 30th. Piper Jaffray Companies reissued an “overweight” rating and set a $5.50 price objective on shares of Groupon in a report on Wednesday, June 28th. BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Morgan Stanley reissued an “underweight” rating and set a $3.20 price objective (down from $3.50) on shares of Groupon in a report on Wednesday, July 26th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Groupon presently has an average rating of “Hold” and a consensus target price of $4.82.
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Groupon (NASDAQ GRPN) traded up 1.01% during trading on Wednesday, hitting $5.00. The stock had a trading volume of 9,432,407 shares. The stock’s market cap is $2.78 billion. Groupon has a 12 month low of $2.90 and a 12 month high of $5.38. The firm has a 50 day moving average of $4.63 and a 200-day moving average of $3.89.
In other Groupon news, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $4.04, for a total value of $40,400.00. Following the completion of the transaction, the chief accounting officer now owns 215,696 shares in the company, valued at $871,411.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $4.39, for a total transaction of $6,585,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,872,719 shares of company stock valued at $12,375,267. Insiders own 23.40% of the company’s stock.
Several institutional investors have recently modified their holdings of GRPN. Wells Fargo & Company MN raised its position in shares of Groupon by 177.5% in the first 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 period. Bank of New York Mellon Corp raised its position in shares of Groupon by 5.5% in the first 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 period. UBS Asset Management Americas Inc. raised its position in shares of Groupon by 21.3% in the first 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 period. Karp Capital Management Corp acquired a new position in shares of Groupon in the first quarter worth about $108,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Groupon by 16.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 51,080 shares of the coupon company’s stock worth $201,000 after acquiring an additional 7,253 shares during the period. Institutional investors and hedge funds own 56.08% 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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