Groupon (NASDAQ:GRPN) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Groupon (NASDAQ:GRPN) released its earnings results on Tuesday. The coupon company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01), reports. The company had revenue of $532.58 million for the quarter, compared to the consensus estimate of $566.70 million. Groupon had a negative net margin of 1.80% and a positive return on equity of 18.28%. The business’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS.

Groupon stock traded up $0.02 during mid-day trading on Friday, hitting $3.13. The company’s stock had a trading volume of 2,743,253 shares, compared to its average volume of 3,174,798. The company has a 50 day simple moving average of $3.49. The company has a market capitalization of $1.93 billion, a PE ratio of 34.72 and a beta of 1.29. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. Groupon has a one year low of $2.80 and a one year high of $4.97.

Several brokerages have commented on GRPN. BidaskClub raised Groupon from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. Zacks Investment Research downgraded Groupon from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. Finally, ValuEngine raised Groupon from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Groupon has an average rating of “Hold” and an average price target of $4.22.

In other Groupon news, Director Eric P. Lefkofsky sold 3,000,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $3.50, for a total value of $10,500,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 15.50% 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, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

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Earnings History for Groupon (NASDAQ:GRPN)

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