$789.79 Million in Sales Expected for Groupon Inc (GRPN) This Quarter

Wall Street analysts predict that Groupon Inc (NASDAQ:GRPN) will post $789.79 million in sales for the current quarter, Zacks reports. Nine analysts have issued estimates for Groupon’s earnings. The lowest sales estimate is $756.84 million and the highest is $842.74 million. Groupon posted sales of $873.17 million during the same quarter last year, which suggests a negative year over year growth rate of 9.5%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 13th.

On average, analysts expect that Groupon will report full year sales of $2.63 billion for the current year, with estimates ranging from $2.59 billion to $2.68 billion. For the next financial year, analysts expect that the business will post sales of $2.62 billion, with estimates ranging from $2.51 billion to $2.72 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Groupon.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Wednesday, November 7th. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $592.90 million for the quarter, compared to the consensus estimate of $602.08 million. Groupon had a negative net margin of 0.35% and a positive return on equity of 11.15%. The company’s revenue was down 6.6% on a year-over-year basis.

A number of equities research analysts have commented on the stock. Barclays restated a “sell” rating and set a $4.50 target price on shares of Groupon in a research note on Sunday, August 5th. BidaskClub cut shares of Groupon from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Zacks Investment Research cut shares of Groupon from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Wedbush restated a “neutral” rating and set a $4.00 target price on shares of Groupon in a research note on Thursday, September 13th. Finally, TheStreet cut shares of Groupon from a “c-” rating to a “d+” rating in a research note on Wednesday, September 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.20.

NASDAQ GRPN traded up $0.17 on Wednesday, reaching $3.02. 13,559,602 shares of the stock were exchanged, compared to its average volume of 8,437,848. Groupon has a one year low of $2.80 and a one year high of $5.99. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -100.67, a PEG ratio of 10.65 and a beta of 1.75. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.60.

In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $3.82, for a total transaction of $5,730,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 16.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Groupon by 29.9% during the second quarter. BlackRock Inc. now owns 29,790,452 shares of the coupon company’s stock valued at $128,101,000 after buying an additional 6,856,566 shares during the last quarter. First Trust Advisors LP raised its position in shares of Groupon by 23.8% during the third quarter. First Trust Advisors LP now owns 23,581,289 shares of the coupon company’s stock valued at $88,901,000 after buying an additional 4,530,364 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Groupon by 19.5% during the third quarter. TIAA CREF Investment Management LLC now owns 11,461,128 shares of the coupon company’s stock valued at $43,208,000 after buying an additional 1,871,669 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of Groupon by 14.8% during the third quarter. Pictet Asset Management Ltd. now owns 10,241,250 shares of the coupon company’s stock valued at $38,610,000 after buying an additional 1,320,345 shares during the last quarter. Finally, Sessa Capital IM L.P. raised its position in shares of Groupon by 728.1% during the third quarter. Sessa Capital IM L.P. now owns 8,281,410 shares of the coupon company’s stock valued at $31,221,000 after buying an additional 7,281,410 shares during the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

About Groupon

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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Earnings History and Estimates for Groupon (NASDAQ:GRPN)

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