Groupon (GRPN) Expected to Post Quarterly Sales of $604.84 Million

Analysts forecast that Groupon (NASDAQ:GRPN) will report $604.84 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Groupon’s earnings. The highest sales estimate is $652.85 million and the lowest is $595.34 million. Groupon posted sales of $673.63 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.2%. The firm is scheduled to issue its next earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Groupon will report full-year sales of $2.65 billion for the current fiscal year, with estimates ranging from $2.58 billion to $2.93 billion. For the next financial 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 firms that follow Groupon.

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

Several research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Morgan Stanley reaffirmed a “sell” rating and issued a $4.30 target price on shares of Groupon in a research note on Thursday, February 15th. JPMorgan Chase reduced their target price on shares of Groupon from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 15th. Finally, Goldman Sachs raised shares of Groupon from a “sell” rating to a “neutral” rating and set a $5.40 target price on the stock in a research note on Wednesday, January 17th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Groupon presently has a consensus rating of “Hold” and an average price target of $5.06.

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

A number of hedge funds have recently made changes to their positions in the business. Parametrica Management Ltd raised its holdings in Groupon by 26.4% during the 4th quarter. Parametrica Management Ltd now owns 73,789 shares of the coupon company’s stock worth $376,000 after buying an additional 15,390 shares during the period. American International Group Inc. raised its holdings in Groupon by 8.1% during the 3rd quarter. American International Group Inc. now owns 227,807 shares of the coupon company’s stock worth $1,185,000 after buying an additional 17,033 shares during the period. New York State Common Retirement Fund raised its holdings in Groupon by 5.3% during the 3rd quarter. New York State Common Retirement Fund now owns 351,800 shares of the coupon company’s stock worth $1,829,000 after buying an additional 17,800 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Groupon by 6.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 285,237 shares of the coupon company’s stock worth $1,455,000 after buying an additional 18,426 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Groupon by 61.4% during the 4th quarter. SG Americas Securities LLC now owns 52,136 shares of the coupon company’s stock worth $266,000 after buying an additional 19,838 shares during the period. Hedge funds and other institutional investors own 63.58% of the company’s stock.

Shares of NASDAQ GRPN opened at $4.51 on Friday. The stock has a market capitalization of $2,543.74, a PE ratio of -151.00, a price-to-earnings-growth ratio of 20.33 and a beta of 1.40. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. Groupon has a 1 year low of $2.90 and a 1 year high of $5.99.

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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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