Groupon (GRPN) Set to Announce Quarterly Earnings on Thursday

Groupon (NASDAQ:GRPN) will be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce 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.Investors that wish to register for the company’s 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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.51. The firm had revenue of $137.72 million during the quarter, compared to the consensus estimate 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

Shares of Groupon stock opened at $10.94 on Wednesday. The stock has a market cap of $427.75 million, a price-to-earnings ratio of -5.73 and a beta of 1.68. The firm’s 50-day moving average is $13.36 and its 200 day moving average is $13.13. Groupon has a 1 year low of $2.89 and a 1 year high of $19.56.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GRPN shares. Roth Mkm reiterated a “buy” rating and issued a $28.00 price target on shares of Groupon in a research note on Tuesday, April 16th. The Goldman Sachs Group upped their price target on shares of Groupon from $5.00 to $7.50 and gave the stock a “sell” rating in a research note on Friday, January 19th. Finally, StockNews.com upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Groupon currently has a consensus rating of “Hold” and a consensus target price of $12.38.

About Groupon

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.