$604.84 Million in Sales Expected for Groupon Inc (GRPN) This Quarter

Analysts predict that Groupon Inc (NASDAQ:GRPN) will announce sales of $604.84 million for the current quarter, Zacks reports. Eight analysts have provided estimates for Groupon’s earnings, with the highest sales estimate coming in at $652.85 million and the lowest estimate coming in at $595.34 million. Groupon reported sales of $673.63 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, May 2nd.

On average, analysts expect that Groupon will report full-year sales of $604.84 million for the current financial year, with estimates ranging from $2.58 billion to $2.93 billion. For the next year, analysts expect that the company will post sales of $2.69 billion per share, with estimates ranging from $2.47 billion to $2.97 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Groupon.

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Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). Groupon had a return on equity of 0.22% and a net margin of 0.49%. The firm had revenue of $873.17 million during the quarter, compared to analysts’ expectations of $853.13 million. During the same period in the prior year, the firm posted $0.07 earnings per share. Groupon’s revenue for the quarter was down 3.5% compared to the same quarter last year.

Several equities research analysts have recently commented on GRPN shares. Vetr upgraded shares of Groupon from a “hold” rating to a “buy” rating and set a $6.09 price objective for the company in a research note on Monday, December 4th. Morgan Stanley upgraded shares of Groupon from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $4.27 to $4.00 in a research note on Monday, March 5th. Zacks Investment Research upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. BidaskClub downgraded shares of Groupon from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Finally, JPMorgan Chase lowered their price objective on shares of Groupon from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, February 15th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Groupon currently has a consensus rating of “Hold” and an average price target of $5.06.

NASDAQ GRPN traded up $0.03 on Tuesday, hitting $4.34. The stock had a trading volume of 6,993,738 shares, compared to its average volume of 7,978,982. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. Groupon has a 52-week low of $2.90 and a 52-week high of $5.99. The firm has a market capitalization of $2,437.05, a P/E ratio of -144.67, a P/E/G ratio of 19.47 and a beta of 1.61.

In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $4.60, for a total transaction of $6,900,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian Stevens sold 15,000 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $4.61, for a total transaction of $69,150.00. Following the transaction, the chief accounting officer now owns 232,751 shares of the company’s stock, valued at $1,072,982.11. The disclosure for this sale can be found here. Insiders own 23.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of GRPN. Dimensional Fund Advisors LP acquired a new position in shares of Groupon in the second quarter worth about $2,745,000. New York State Common Retirement Fund raised its position in shares of Groupon by 5.3% in the third quarter. New York State Common Retirement Fund now owns 351,800 shares of the coupon company’s stock worth $1,829,000 after acquiring an additional 17,800 shares during the period. Bank of New York Mellon Corp raised its position in shares of Groupon by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 1,470,358 shares of the coupon company’s stock worth $7,646,000 after acquiring an additional 20,651 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Groupon in the third quarter worth about $579,000. Finally, American International Group Inc. raised its position in shares of Groupon by 8.1% in the third quarter. American International Group Inc. now owns 227,807 shares of the coupon company’s stock worth $1,185,000 after acquiring an additional 17,033 shares during the period. Institutional investors own 63.58% of the company’s stock.

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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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