Wall Street analysts forecast that Groupon Inc (NASDAQ:GRPN) will report $789.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Groupon’s earnings, with the highest sales estimate coming in at $842.74 million and the lowest estimate coming in at $756.84 million. Groupon posted sales of $873.17 million during the same quarter last year, which would indicate a negative year over year growth rate of 9.5%. The firm is expected to report its next quarterly earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Groupon will report full-year sales of $2.63 billion for the current year, with estimates ranging from $2.59 billion to $2.68 billion. For the next financial year, analysts expect that the firm will report sales of $2.62 billion, with estimates ranging from $2.51 billion to $2.72 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Groupon.

Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, November 7th. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Groupon had a positive return on equity of 11.15% and a negative net margin of 0.35%. The firm had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $602.08 million. Groupon’s revenue for the quarter was down 6.6% compared to the same quarter last year.

GRPN has been the subject of several recent analyst reports. Wedbush restated a “neutral” rating and set a $4.00 target price on shares of Groupon in a research report on Thursday, September 13th. Zacks Investment Research upgraded Groupon from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Monday, October 8th. B. Riley dropped their target price on Groupon from $6.30 to $5.60 and set a “buy” rating for the company in a research report on Thursday, November 8th. BidaskClub upgraded Groupon from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, TheStreet downgraded shares of Groupon from a “c-” rating to a “d+” rating in a report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.20.

In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $3.82, for a total transaction of $5,730,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 16.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC boosted its position in shares of Groupon by 29.7% during the 1st quarter. Guggenheim Capital LLC now owns 124,617 shares of the coupon company’s stock valued at $540,000 after purchasing an additional 28,553 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in Groupon by 67.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 63,242 shares of the coupon company’s stock valued at $274,000 after buying an additional 25,500 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Groupon during the 2nd quarter valued at approximately $209,000. Amalgamated Bank increased its position in Groupon by 48.7% during the 2nd quarter. Amalgamated Bank now owns 67,533 shares of the coupon company’s stock valued at $290,000 after buying an additional 22,127 shares in the last quarter. Finally, CWM LLC boosted its stake in Groupon by 2.3% during the 2nd quarter. CWM LLC now owns 660,215 shares of the coupon company’s stock valued at $2,839,000 after purchasing an additional 14,592 shares during the last quarter. Institutional investors own 61.76% of the company’s stock.

Shares of NASDAQ:GRPN traded up $0.05 during trading hours on Wednesday, hitting $2.98. 4,205,764 shares of the company’s stock traded hands, compared to its average volume of 8,956,083. Groupon has a 1 year low of $2.80 and a 1 year high of $5.99. The firm has a market capitalization of $1.68 billion, a PE ratio of -99.33, a price-to-earnings-growth ratio of 10.69 and a beta of 1.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.98.

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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Earnings History and Estimates for Groupon (NASDAQ:GRPN)

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