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

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

Groupon Stock Performance

Shares of NASDAQ:GRPN traded down $2.90 during trading on Wednesday, hitting $8.42. 7,257,604 shares of the stock traded hands, compared to its average volume of 1,276,341. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 5.62. The company has a market cap of $334.61 million, a price-to-earnings ratio of 16.61 and a beta of 1.77. The company has a fifty day moving average price of $10.67 and a two-hundred day moving average price of $13.14. Groupon has a 52-week low of $7.75 and a 52-week high of $19.56.

Analyst Upgrades and Downgrades

GRPN has been the subject of a number of recent analyst reports. Northland Securities lowered their target price on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday. Roth Mkm reissued a “buy” rating and set a $26.00 price target on shares of Groupon in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.