Groupon Inc (GRPN) Expected to Post Earnings of $0.02 Per Share

Wall Street brokerages expect Groupon Inc (NASDAQ:GRPN) to report earnings per share of $0.02 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Groupon’s earnings, with estimates ranging from $0.00 to $0.03. Groupon also reported earnings per share of $0.02 in the same quarter last year. The business is expected to issue its next quarterly earnings report on Friday, August 2nd.

According to Zacks, analysts expect that Groupon will report full-year earnings of $0.22 per share for the current year, with EPS estimates ranging from $0.15 to $0.25. For the next financial year, analysts anticipate that the company will report earnings of $0.26 per share, with EPS estimates ranging from $0.18 to $0.30. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Groupon.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Tuesday, April 30th. The coupon company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. Groupon had a negative net margin of 1.80% and a positive return on equity of 18.28%. The company had revenue of $578.40 million for the quarter, compared to the consensus estimate of $552.97 million. During the same period in the previous year, the firm earned $0.03 EPS. Groupon’s revenue was down 7.7% on a year-over-year basis.

A number of analysts recently commented on GRPN shares. Zacks Investment Research upgraded shares of Groupon from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. ValuEngine upgraded shares of Groupon from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, BidaskClub downgraded shares of Groupon from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $4.32.

Shares of GRPN stock traded down $0.18 during midday trading on Thursday, reaching $3.36. 479,076 shares of the company were exchanged, compared to its average volume of 3,267,156. Groupon has a 12 month low of $2.80 and a 12 month high of $5.52. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 8.62 and a beta of 1.37. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC boosted its holdings in Groupon by 19.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 11,461,128 shares of the coupon company’s stock worth $43,208,000 after buying an additional 1,871,669 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Groupon by 130.6% during the 4th quarter. Bank of Montreal Can now owns 9,326 shares of the coupon company’s stock worth $30,000 after purchasing an additional 5,281 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Groupon by 50.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 315,423 shares of the coupon company’s stock worth $1,009,000 after purchasing an additional 105,158 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of Groupon by 60.0% during the 4th quarter. Gabelli Funds LLC now owns 1,000,000 shares of the coupon company’s stock worth $3,200,000 after purchasing an additional 375,000 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of Groupon by 22.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 88,342 shares of the coupon company’s stock worth $283,000 after purchasing an additional 16,200 shares during the last quarter. Institutional investors and hedge funds own 67.65% 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 and Estimates for Groupon (NASDAQ:GRPN)

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