Equities analysts expect Groupon Inc (NASDAQ:GRPN) to announce sales of $686.32 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Groupon’s earnings. The highest sales estimate is $712.14 million and the lowest is $654.76 million. Groupon reported sales of $673.63 million during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Groupon will report full year sales of $686.32 million for the current fiscal year, with estimates ranging from $2.58 billion to $2.93 billion. For the next financial year, analysts forecast that the business will post sales of $2.81 billion per share, with estimates ranging from $2.61 billion to $3.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Groupon.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, February 14th. The coupon company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The business had revenue of $873.17 million for the quarter, compared to analyst estimates of $853.13 million. Groupon had a return on equity of 0.22% and a net margin of 0.49%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS.
Shares of Groupon (NASDAQ:GRPN) opened at $4.28 on Wednesday. The company has a market capitalization of $2,390.00, a price-to-earnings ratio of 214.00, a P/E/G ratio of 25.56 and a beta of 1.47. Groupon has a 12 month low of $2.90 and a 12 month high of $5.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95.
In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian Stevens sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the transaction, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Paloma Partners Management Co bought a new position in shares of Groupon in the 4th quarter valued at about $110,000. New York State Teachers Retirement System bought a new position in shares of Groupon in the 3rd quarter valued at about $122,000. US Bancorp DE bought a new position in shares of Groupon in the 4th quarter valued at about $133,000. North Star Investment Management Corp. bought a new position in shares of Groupon in the 4th quarter valued at about $153,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Groupon in the 2nd quarter valued at about $116,000. Institutional investors own 57.01% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.com-unik.info/2018/02/21/zacks-brokerages-anticipate-groupon-inc-grpn-will-announce-quarterly-sales-of-686-32-million.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.