$217.80 Million in Sales Expected for Groupon, Inc. (NASDAQ:GRPN) This Quarter

Brokerages predict that Groupon, Inc. (NASDAQ:GRPN) will announce $217.80 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Groupon’s earnings, with the highest sales estimate coming in at $225.16 million and the lowest estimate coming in at $204.84 million. Groupon posted sales of $304.02 million in the same quarter last year, which would suggest a negative year over year growth rate of 28.4%. The company is expected to announce its next earnings results on Thursday, November 4th.

According to Zacks, analysts expect that Groupon will report full-year sales of $987.48 million for the current financial year, with estimates ranging from $982.61 million to $992.49 million. For the next financial year, analysts expect that the business will post sales of $1.01 billion, with estimates ranging from $958.12 million to $1.08 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Groupon.

GRPN has been the topic of several analyst reports. Ascendiant Capital Markets lifted their price objective on Groupon from $42.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, June 11th. Credit Suisse Group cut their price objective on Groupon from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, August 9th. Barclays dropped their price target on Groupon from $35.00 to $30.00 and set an “underweight” rating on the stock in a research report on Monday, August 9th. Finally, Wedbush dropped their price target on Groupon from $54.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, August 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.43.

Several large investors have recently modified their holdings of GRPN. Voloridge Investment Management LLC boosted its stake in shares of Groupon by 14.1% during the first quarter. Voloridge Investment Management LLC now owns 298,330 shares of the coupon company’s stock valued at $15,079,000 after purchasing an additional 36,847 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Groupon by 307.7% in the first quarter. Millennium Management LLC now owns 70,644 shares of the coupon company’s stock worth $3,571,000 after buying an additional 53,315 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Groupon by 24.7% in the first quarter. The Manufacturers Life Insurance Company now owns 524,100 shares of the coupon company’s stock worth $26,490,000 after buying an additional 103,848 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Groupon by 122.3% in the second quarter. Handelsbanken Fonder AB now owns 9,817 shares of the coupon company’s stock worth $424,000 after buying an additional 5,400 shares during the last quarter. Finally, Weil Company Inc. raised its holdings in shares of Groupon by 139.1% during the first quarter. Weil Company Inc. now owns 56,609 shares of the coupon company’s stock worth $2,861,000 after purchasing an additional 32,936 shares during the last quarter. 70.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of GRPN stock traded down $0.98 on Tuesday, reaching $21.23. The company’s stock had a trading volume of 931,104 shares, compared to its average volume of 1,053,002. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.99. Groupon has a 12-month low of $18.54 and a 12-month high of $64.69. The company has a market capitalization of $626.82 million, a P/E ratio of 81.66 and a beta of 2.73. The stock’s 50 day simple moving average is $30.23 and its 200-day simple moving average is $42.42.

About Groupon

Groupon, Inc operates as a global scaled two-sided marketplace that connects consumers to merchants. It operates through the North America and International segments. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell in 2008 and is headquartered in Chicago, IL.

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Earnings History and Estimates for Groupon (NASDAQ:GRPN)

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