Groupon Inc (GRPN) Expected to Post Quarterly Sales of $557.09 Million

Equities analysts predict that Groupon Inc (NASDAQ:GRPN) will report sales of $557.09 million for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Groupon’s earnings, with the lowest sales estimate coming in at $548.90 million and the highest estimate coming in at $585.30 million. Groupon posted sales of $626.54 million in the same quarter last year, which suggests a negative year over year growth rate of 11.1%. The firm is expected to report its next earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Groupon will report full-year sales of $2.44 billion for the current fiscal year, with estimates ranging from $2.40 billion to $2.54 billion. For the next year, analysts forecast that the business will post sales of $2.48 billion, with estimates ranging from $2.41 billion to $2.56 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Groupon.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Tuesday, February 12th. The coupon company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $799.93 million during the quarter, compared to analysts’ expectations of $782.54 million. Groupon had a negative net margin of 0.42% and a positive return on equity of 17.33%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share.

A number of research firms have commented on GRPN. Zacks Investment Research lowered shares of Groupon from a “hold” rating to a “sell” rating in a research report on Monday. Goldman Sachs Group assumed coverage on Groupon in a research note on Monday, February 4th. They issued a “neutral” rating and a $3.50 price target for the company. BidaskClub upgraded Groupon from a “strong sell” rating to a “sell” rating in a research note on Friday, November 23rd. B. Riley decreased their price target on Groupon from $6.30 to $5.60 and set a “buy” rating for the company in a research note on Thursday, November 8th. Finally, ValuEngine upgraded Groupon from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.56.

NASDAQ:GRPN traded down $0.06 on Thursday, reaching $3.36. The stock had a trading volume of 6,472,619 shares, compared to its average volume of 6,965,688. The firm has a market cap of $1.99 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 14.54 and a beta of 1.37. Groupon has a 1-year low of $2.80 and a 1-year high of $5.52. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.53.

In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $3.04, for a total transaction of $4,560,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 16.90% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates grew its stake in Groupon by 1,395.1% in the second quarter. Raymond James & Associates now owns 167,289 shares of the coupon company’s stock worth $719,000 after purchasing an additional 156,100 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Groupon by 13.1% in the second quarter. Bank of New York Mellon Corp now owns 1,735,537 shares of the coupon company’s stock worth $7,463,000 after purchasing an additional 200,635 shares in the last quarter. Northern Trust Corp grew its stake in Groupon by 22.8% in the second quarter. Northern Trust Corp now owns 5,478,673 shares of the coupon company’s stock worth $23,558,000 after purchasing an additional 1,018,102 shares in the last quarter. First Trust Advisors LP grew its stake in Groupon by 23.8% in the third quarter. First Trust Advisors LP now owns 23,581,289 shares of the coupon company’s stock worth $88,901,000 after purchasing an additional 4,530,364 shares in the last quarter. Finally, Levin Capital Strategies L.P. acquired a new position in Groupon in the third quarter worth about $283,000. 64.87% of the stock is currently owned by institutional investors and hedge funds.

Groupon Company Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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