Zacks: Brokerages Expect Groupon Inc (GRPN) to Post $0.09 EPS

Brokerages expect that Groupon Inc (NASDAQ:GRPN) will post $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Groupon’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.10. Groupon reported earnings of $0.07 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Groupon will report full year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $0.16. For the next fiscal year, analysts forecast that the business will post earnings of $0.20 per share, with EPS estimates ranging from $0.10 to $0.27. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Groupon.

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

Several research analysts have weighed in on the company. BidaskClub downgraded Groupon from a “buy” rating to a “hold” rating in a research note on Friday. Vetr upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 target price on the stock in a research note on Tuesday, December 12th. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a research note on Tuesday, December 12th. DA Davidson reiterated a “buy” rating on shares of Groupon in a research note on Thursday, November 30th. Finally, Zacks Investment Research upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 target price on the stock in a research note on Monday, November 6th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Groupon currently has an average rating of “Hold” and an average target price of $5.02.

Shares of Groupon (GRPN) traded down $0.03 during mid-day trading on Thursday, hitting $5.28. The company’s stock had a trading volume of 10,106,815 shares, compared to its average volume of 8,820,000. Groupon has a one year low of $2.90 and a one year high of $5.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99.

In related news, CAO Brian Stevens sold 20,000 shares of Groupon stock in a transaction on 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 legal filing with the SEC, which is accessible through the SEC website. Also, insider James Sullivan sold 25,000 shares of Groupon stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total value of $132,250.00. Following the transaction, the insider now directly owns 350,919 shares of the company’s stock, valued at $1,856,361.51. The disclosure for this sale can be found here. Insiders sold a total of 1,570,000 shares of company stock valued at $9,023,950 over the last three months. Insiders own 23.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Aperio Group LLC raised its holdings in Groupon by 4.6% during the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after purchasing an additional 1,268 shares during the last quarter. Suntrust Banks Inc. raised its holdings in Groupon by 2.0% during the second quarter. Suntrust Banks Inc. now owns 65,767 shares of the coupon company’s stock worth $252,000 after purchasing an additional 1,272 shares during the last quarter. Voya Investment Management LLC raised its holdings in Groupon by 1.9% during the second quarter. Voya Investment Management LLC now owns 152,428 shares of the coupon company’s stock worth $585,000 after purchasing an additional 2,911 shares during the last quarter. Balyasny Asset Management LLC raised its holdings in Groupon by 1.4% during the second quarter. Balyasny Asset Management LLC now owns 416,325 shares of the coupon company’s stock worth $1,599,000 after purchasing an additional 5,821 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Groupon by 14.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 58,487 shares of the coupon company’s stock worth $225,000 after purchasing an additional 7,407 shares during the last quarter. 60.04% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Groupon (NASDAQ:GRPN)

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