Groupon (NASDAQ:GRPN) Releases Earnings Results, Beats Expectations By $0.58 EPS

Groupon (NASDAQ:GRPN) issued its quarterly earnings results on Tuesday. The coupon company reported $0.33 earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.58, Zacks reports. The firm had revenue of $114.48 million during the quarter, compared to the consensus estimate of $119.02 million. Groupon had a return on equity of 91.94% and a net margin of 3.87%. During the same period last year, the company earned ($0.22) earnings per share. Groupon updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Groupon Trading Up 0.5 %

NASDAQ:GRPN opened at $8.31 on Friday. The company has a market cap of $330.29 million, a PE ratio of 16.28 and a beta of 1.77. The company has a current ratio of 0.93, a quick ratio of 0.94 and a debt-to-equity ratio of 5.66. The company has a 50 day simple moving average of $10.52 and a two-hundred day simple moving average of $13.07. Groupon has a 12 month low of $7.75 and a 12 month high of $19.56.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GRPN shares. The Goldman Sachs Group decreased their target price on shares of Groupon from $11.00 to $8.00 and set a “sell” rating for the company in a report on Thursday. Northland Securities lowered their price objective on Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Roth Mkm restated a “buy” rating and issued a $26.00 price target on shares of Groupon in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

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.