Brokers Set Expectations for Groupon FY2024 Earnings

Groupon, Inc. (NASDAQ:GRPN) – Zacks Research issued their FY2024 earnings estimates for Groupon in a research note issued to investors on Tuesday, December 3rd. Zacks Research analyst R. Department anticipates that the coupon company will post earnings of ($0.36) per share for the year. The consensus estimate for Groupon’s current full-year earnings is ($0.29) per share. Zacks Research also issued estimates for Groupon’s Q4 2024 earnings at ($0.11) EPS, Q1 2025 earnings at ($0.28) EPS, Q2 2025 earnings at ($0.25) EPS, Q3 2025 earnings at ($0.19) EPS, Q4 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.82) EPS, Q1 2026 earnings at ($0.27) EPS, Q2 2026 earnings at ($0.28) EPS, Q3 2026 earnings at $0.00 EPS and FY2026 earnings at ($0.56) EPS.

Other analysts have also recently issued research reports about the company. Roth Mkm restated a “buy” rating and issued a $26.00 price target on shares of Groupon in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on shares of Groupon from $11.00 to $8.00 and set a “sell” rating for the company in a report on Thursday, November 14th. Finally, Northland Securities cut their price target on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Groupon has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Groupon Stock Performance

Shares of GRPN opened at $11.61 on Friday. The company has a market capitalization of $461.73 million, a price-to-earnings ratio of 22.77 and a beta of 1.72. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. Groupon has a 1 year low of $7.75 and a 1 year high of $19.56. The company’s 50 day simple moving average is $10.02 and its 200 day simple moving average is $12.70.

Groupon (NASDAQ:GRPN) last posted its earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.58. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The firm had revenue of $114.48 million for the quarter, compared to analyst estimates of $119.02 million. During the same quarter in the prior year, the company earned ($0.22) EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its position in Groupon by 259.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after acquiring an additional 138,218 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Groupon during the second quarter worth $10,884,000. Bank of New York Mellon Corp acquired a new position in shares of Groupon during the second quarter worth $1,057,000. Rhumbline Advisers boosted its stake in shares of Groupon by 3,380.4% in the second quarter. Rhumbline Advisers now owns 31,428 shares of the coupon company’s stock valued at $481,000 after purchasing an additional 30,525 shares during the period. Finally, Weil Company Inc. grew its holdings in Groupon by 8.5% during the 2nd quarter. Weil Company Inc. now owns 38,291 shares of the coupon company’s stock valued at $586,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Company Profile

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.