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

Groupon (NASDAQ:GRPN) posted its quarterly earnings results on Tuesday. The coupon company reported $0.33 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.58, Zacks reports. The company had revenue of $114.48 million for the quarter, compared to the consensus estimate of $119.02 million. Groupon had a net margin of 3.87% and a return on equity of 135.73%. During the same quarter last 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 25.6 %

Shares of NASDAQ:GRPN traded down $2.90 during trading on Wednesday, reaching $8.42. The stock had a trading volume of 7,257,604 shares, compared to its average volume of 1,276,341. Groupon has a one year low of $7.75 and a one year high of $19.56. The company has a market capitalization of $334.61 million, a P/E ratio of 16.61 and a beta of 1.77. 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’s 50-day simple moving average is $10.67 and its 200 day simple moving average is $13.14.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $26.00 price target on shares of Groupon in a research note on Wednesday, October 16th. Northland Securities dropped their target price on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.83.

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.