Groupon (GRPN) Expected to Post Quarterly Sales of $604.84 Million

Brokerages expect Groupon (NASDAQ:GRPN) to announce $604.84 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Groupon’s earnings, with estimates ranging from $595.34 million to $652.85 million. Groupon posted sales of $673.63 million during the same quarter last year, which would indicate a negative year over year growth rate of 10.2%. The firm is expected to report its next quarterly earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Groupon will report full year sales of $2.65 billion for the current financial year, with estimates ranging from $2.58 billion to $2.93 billion. For the next financial year, analysts expect that the firm will post sales of $2.69 billion per share, with estimates ranging from $2.47 billion to $2.97 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Groupon.

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Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). Groupon had a net margin of 0.49% and a return on equity of 0.22%. The company had revenue of $873.17 million for the quarter, compared to the consensus estimate of $853.13 million. During the same period in the prior year, the firm posted $0.07 EPS. The business’s revenue for the quarter was down 3.5% on a year-over-year basis.

GRPN has been the topic of several research analyst reports. Goldman Sachs upgraded Groupon from a “sell” rating to a “neutral” rating and set a $5.40 price objective on the stock in a research report on Wednesday, January 17th. Zacks Investment Research downgraded Groupon from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Morgan Stanley restated a “sell” rating and issued a $4.30 price objective on shares of Groupon in a research report on Thursday, February 15th. BidaskClub upgraded Groupon from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, JPMorgan Chase lowered their price objective on Groupon from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, February 15th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $5.06.

In other Groupon news, CAO Brian Stevens sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $4.61, for a total transaction of $69,150.00. Following the sale, the chief accounting officer now directly owns 232,751 shares in the company, valued at $1,072,982.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.60, for a total value of $6,900,000.00. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. Price Michael F raised its position in Groupon by 390.0% during the fourth quarter. Price Michael F now owns 490,000 shares of the coupon company’s stock valued at $2,499,000 after purchasing an additional 390,000 shares during the period. Penserra Capital Management LLC purchased a new stake in Groupon during the fourth quarter valued at approximately $4,933,000. Westpac Banking Corp raised its position in Groupon by 41.9% during the fourth quarter. Westpac Banking Corp now owns 239,360 shares of the coupon company’s stock valued at $1,221,000 after purchasing an additional 70,690 shares during the period. River & Mercantile Asset Management LLP raised its position in Groupon by 24.0% during the fourth quarter. River & Mercantile Asset Management LLP now owns 812,460 shares of the coupon company’s stock valued at $4,139,000 after purchasing an additional 157,290 shares during the period. Finally, Teachers Advisors LLC raised its position in Groupon by 54.2% during the fourth quarter. Teachers Advisors LLC now owns 6,440,788 shares of the coupon company’s stock valued at $32,848,000 after purchasing an additional 2,264,192 shares during the period. Institutional investors and hedge funds own 63.58% of the company’s stock.

Shares of Groupon stock opened at $4.51 on Friday. Groupon has a 52 week low of $2.90 and a 52 week high of $5.99. The stock has a market capitalization of $2,543.74, a PE ratio of -151.00, a price-to-earnings-growth ratio of 20.33 and a beta of 1.40. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.

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Groupon Company Profile

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, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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