Groupon (GRPN) Set to Announce Quarterly Earnings on Thursday

Groupon (NASDAQ:GRPN) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Groupon to post earnings of ($0.18) per share for the quarter. Groupon has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Friday, March 15th. The coupon company reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.51. The company had revenue of $137.72 million for the quarter, compared to analysts’ expectations of $136.47 million. On average, analysts expect Groupon to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Groupon Price Performance

Groupon stock opened at $10.94 on Wednesday. The stock has a market capitalization of $427.75 million, a PE ratio of -5.73 and a beta of 1.68. Groupon has a 12 month low of $2.89 and a 12 month high of $19.56. The business has a 50 day simple moving average of $13.36 and a 200-day simple moving average of $13.13.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Roth Mkm restated a “buy” rating and issued a $28.00 price objective on shares of Groupon in a research report on Tuesday, April 16th. StockNews.com upgraded Groupon from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Finally, The Goldman Sachs Group boosted their price objective on Groupon from $5.00 to $7.50 and gave the company a “sell” rating in a research report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.38.

Groupon Company Profile

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.