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

Groupon (NASDAQ:GRPN) released its earnings results on Tuesday. The coupon company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.58, Zacks reports. The company had revenue of $114.48 million during the quarter, compared to analyst estimates of $119.02 million. Groupon had a net margin of 3.87% and a return on equity of 135.73%. During the same period in the prior year, the firm posted ($0.22) EPS. Groupon updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Groupon Stock Down 26.8 %

Shares of Groupon stock traded down $3.03 during trading on Wednesday, hitting $8.29. 7,067,101 shares of the stock traded hands, compared to its average volume of 1,275,475. The stock’s fifty day simple moving average is $10.67 and its 200 day simple moving average is $13.14. Groupon has a 52-week low of $7.75 and a 52-week high of $19.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 5.62. The firm has a market cap of $329.44 million, a P/E ratio of 16.61 and a beta of 1.77.

Analyst Ratings Changes

Several research firms recently issued reports on GRPN. Northland Securities reduced their target price on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday. Roth Mkm reaffirmed a “buy” rating and set a $26.00 price objective on shares of Groupon in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.83.

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.