What is Zacks Research’s Forecast for Groupon Q2 Earnings?

Groupon, Inc. (NASDAQ:GRPN) – Zacks Research raised their Q2 2028 EPS estimates for shares of Groupon in a note issued to investors on Tuesday, June 23rd. Zacks Research analyst Team now forecasts that the coupon company will post earnings per share of $0.26 for the quarter, up from their previous forecast of $0.24. The consensus estimate for Groupon’s current full-year earnings is ($0.16) per share.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The business had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $117.65 million.

Other equities research analysts have also issued reports about the stock. Northland Securities set a $26.00 price objective on shares of Groupon in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Citigroup restated an “outperform” rating on shares of Groupon in a research note on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Groupon in a report on Tuesday, June 9th. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $13.00 target price (up from $10.00) on shares of Groupon in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.50.

Groupon Trading Up 6.7%

Shares of GRPN opened at $25.68 on Thursday. The stock’s 50-day moving average price is $17.79 and its two-hundred day moving average price is $15.25. The company has a market capitalization of $975.33 million, a PE ratio of -9.84 and a beta of 0.22. Groupon has a 12 month low of $9.17 and a 12 month high of $43.08.

Hedge Funds Weigh In On Groupon

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Groupon in the third quarter valued at about $32,000. Johnson Financial Group Inc. purchased a new position in shares of Groupon in the 4th quarter worth approximately $35,000. Quarry LP boosted its stake in shares of Groupon by 48.1% in the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after buying an additional 629 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Groupon in the second quarter valued at approximately $69,000. Finally, National Bank of Canada FI grew its holdings in shares of Groupon by 172,400.0% in the third quarter. National Bank of Canada FI now owns 3,450 shares of the coupon company’s stock valued at $81,000 after acquiring an additional 3,448 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Groupon Company Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.