Analysts Anticipate Groupon Inc (NASDAQ:GRPN) Will Announce Quarterly Sales of $689.58 Million

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Wall Street analysts expect Groupon Inc (NASDAQ:GRPN) to report $689.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Groupon’s earnings. The lowest sales estimate is $643.06 million and the highest is $732.27 million. Groupon reported sales of $799.93 million during the same quarter last year, which indicates a negative year over year growth rate of 13.8%. The company is expected to issue its next earnings report on Tuesday, February 11th.

On average, analysts expect that Groupon will report full-year sales of $2.33 billion for the current year, with estimates ranging from $2.25 billion to $2.49 billion. For the next fiscal year, analysts expect that the business will post sales of $2.35 billion, with estimates ranging from $2.20 billion to $2.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Groupon.

Groupon (NASDAQ:GRPN) last issued its earnings results on Monday, November 4th. The coupon company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $495.60 million for the quarter, compared to analyst estimates of $523.71 million. Groupon had a positive return on equity of 9.21% and a negative net margin of 2.21%. Groupon’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share.

Several research analysts recently commented on GRPN shares. JPMorgan Chase & Co. downgraded Groupon from a “neutral” rating to an “underweight” rating and set a $3.00 price objective for the company. in a research note on Wednesday, November 6th. ValuEngine raised Groupon from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Wedbush set a $3.50 price objective on Groupon and gave the company a “hold” rating in a research note on Friday, September 27th. BidaskClub raised Groupon from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, DA Davidson set a $5.00 price objective on Groupon and gave the company a “buy” rating in a research note on Monday, September 9th. Two research 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. The stock currently has an average rating of “Hold” and a consensus target price of $3.70.

Groupon stock traded down $0.11 during mid-day trading on Friday, hitting $2.61. The company had a trading volume of 8,046,929 shares, compared to its average volume of 4,441,398. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. Groupon has a 12-month low of $2.31 and a 12-month high of $3.98. The company’s fifty day moving average is $2.90 and its 200-day moving average is $3.02. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 29.00 and a beta of 1.34.

In other Groupon news, Director Eric P. Lefkofsky sold 750,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $2.82, for a total value of $2,115,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.50% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRPN. Nuveen Asset Management LLC purchased a new position in shares of Groupon during the 2nd quarter worth $66,614,000. Renaissance Technologies LLC purchased a new position in shares of Groupon during the 2nd quarter worth $14,340,000. Par Capital Management Inc. grew its holdings in shares of Groupon by 3.7% during the 2nd quarter. Par Capital Management Inc. now owns 56,645,000 shares of the coupon company’s stock worth $202,789,000 after purchasing an additional 2,000,000 shares during the period. First Trust Advisors LP grew its holdings in shares of Groupon by 9.3% during the 3rd quarter. First Trust Advisors LP now owns 22,871,349 shares of the coupon company’s stock worth $60,838,000 after purchasing an additional 1,955,452 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Groupon by 23.5% during the 2nd quarter. Morgan Stanley now owns 7,106,589 shares of the coupon company’s stock worth $25,442,000 after purchasing an additional 1,350,889 shares during the period. Institutional investors and hedge funds own 69.93% 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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