Equities research analysts forecast that Groupon, Inc. (NASDAQ:GRPN) will post $644.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Groupon’s earnings. The highest sales estimate is $653.90 million and the lowest is $637.74 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 10.5%. The company is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, November 1st.
On average, analysts expect that Groupon will report full-year sales of $644.68 million for the current year, with estimates ranging from $2.80 billion to $2.88 billion. For the next year, analysts expect that the company will post sales of $2.93 billion per share, with estimates ranging from $2.76 billion to $3.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Groupon.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. The company had revenue of $662.60 million during the quarter, compared to analyst estimates of $668.84 million. During the same quarter last year, the business posted ($0.01) EPS. Groupon’s quarterly revenue was down 8.5% compared to the same quarter last year.
A number of research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “hold” rating and set a $4.00 price objective on shares of Groupon in a research report on Friday, June 30th. Gabelli assumed coverage on shares of Groupon in a research report on Tuesday. They set a “buy” rating and a $7.00 price objective on the stock. BidaskClub downgraded shares of Groupon from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Barclays PLC restated an “underweight” rating and set a $3.85 price objective (up previously from $3.40) on shares of Groupon in a research report on Wednesday, August 9th. Finally, B. Riley upgraded shares of Groupon from a “neutral” rating to a “buy” rating and increased their price objective for the company from $4.20 to $5.50 in a research report on Thursday, June 29th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Groupon currently has a consensus rating of “Hold” and an average price target of $4.77.
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Shares of Groupon (NASDAQ GRPN) opened at 4.95 on Friday. The stock’s market cap is $2.75 billion. The stock’s 50 day moving average is $4.70 and its 200 day moving average is $3.92. Groupon has a 52 week low of $2.90 and a 52 week high of $5.38.
In related news, CAO Brian Stevens sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $4.04, for a total transaction of $40,400.00. Following the completion of the transaction, the chief accounting officer now directly owns 215,696 shares of the company’s stock, valued at $871,411.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $4.90, for a total transaction of $122,500.00. Following the transaction, the insider now directly owns 353,524 shares of the company’s stock, valued at $1,732,267.60. The disclosure for this sale can be found here. Insiders have sold 2,872,719 shares of company stock valued at $12,375,267 over the last ninety days. 23.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas grew its stake in Groupon by 3.6% during the first quarter. Teacher Retirement System of Texas now owns 35,185 shares of the coupon company’s stock valued at $138,000 after acquiring an additional 1,222 shares in the last quarter. Aperio Group LLC grew its stake in Groupon by 4.6% during the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after acquiring an additional 1,268 shares in the last quarter. Suntrust Banks Inc. grew its stake in Groupon by 2.0% during the second quarter. Suntrust Banks Inc. now owns 65,767 shares of the coupon company’s stock valued at $252,000 after acquiring an additional 1,272 shares in the last quarter. SG Americas Securities LLC grew its stake in Groupon by 6.8% during the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock valued at $123,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in Groupon by 1.9% during the second quarter. Voya Investment Management LLC now owns 152,428 shares of the coupon company’s stock valued at $585,000 after acquiring an additional 2,911 shares in the last quarter. 56.08% of the stock is owned by institutional investors.
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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