Zacks: Analysts Expect Groupon Inc (NASDAQ:GRPN) Will Announce Quarterly Sales of $529.01 Million

Equities analysts forecast that Groupon Inc (NASDAQ:GRPN) will announce $529.01 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Groupon’s earnings, with the lowest sales estimate coming in at $516.48 million and the highest estimate coming in at $545.82 million. Groupon reported sales of $592.88 million during the same quarter last year, which indicates a negative year over year growth rate of 10.8%. The business is expected to announce its next earnings report on Wednesday, November 6th.

On average, analysts expect that Groupon will report full year sales of $2.40 billion for the current financial year, with estimates ranging from $2.34 billion to $2.49 billion. For the next financial year, analysts anticipate that the business will report sales of $2.45 billion, with estimates ranging from $2.28 billion to $2.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Groupon.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Tuesday, July 30th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Groupon had a return on equity of 14.29% and a net margin of 0.32%. The firm had revenue of $532.58 million for the quarter, compared to analysts’ expectations of $566.70 million. During the same quarter in the prior year, the business posted $0.02 earnings per share. Groupon’s revenue was down 13.7% on a year-over-year basis.

Several analysts recently issued reports on the company. BidaskClub lowered Groupon from a “sell” rating to a “strong sell” rating in a report on Friday, August 9th. ValuEngine lowered Groupon from a “hold” rating to a “sell” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $4.15.

Shares of NASDAQ:GRPN traded up $0.01 during midday trading on Friday, hitting $2.51. 5,141,200 shares of the stock were exchanged, compared to its average volume of 5,160,914. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.02 and a current ratio of 1.02. Groupon has a 52-week low of $2.31 and a 52-week high of $4.70. The business’s fifty day simple moving average is $3.12 and its two-hundred day simple moving average is $3.41. The company has a market capitalization of $1.44 billion, a PE ratio of 27.89 and a beta of 1.28.

In other Groupon news, Director Eric P. Lefkofsky sold 3,000,000 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $3.50, for a total transaction of $10,500,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 15.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new position in Groupon during the second quarter worth $25,000. Brighton Jones LLC acquired a new position in Groupon during the first quarter worth $38,000. Moors & Cabot Inc. acquired a new position in Groupon during the first quarter worth $40,000. Piedmont Investment Advisors Inc. acquired a new position in Groupon during the first quarter worth $48,000. Finally, Hellman Jordan Management Co. Inc. MA acquired a new position in Groupon during the first quarter worth $48,000. 69.28% of the stock is currently owned by hedge funds and other institutional investors.

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, 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 and Estimates for Groupon (NASDAQ:GRPN)

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