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.
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.
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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