Groupon, Inc. (NASDAQ:GRPN) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.95 per share.
For the full year, analysts predict revenues of $ 1401.99 million, while looking forward to loss of $ 3.35 per share.
Previous Quarter Performance
Groupon, Inc. revealed loss for the second quarter of $ 0.93 per share, from the revenue of $ 395.65 million. The quarterly revenues decreased 25.71 percent compared with the same quarter last year. The consensus estimates are loss of $ 2.75 per share from $ 200.53 million in revenue. The bottom line results beat street analysts by $ 1.82 or 66.18 percent, at the same time, top line results outshined analysts by $ 195.12 million or 97.30 percent.
Stock Performance
Shares of Groupon, Inc. traded up $ 0.80 or 3.88 percent on Wednesday, reaching $ 21.43 with volume of 966.20 thousand shares. Groupon, Inc. has traded high as $ 21.50 and has cracked $ 20.22 on the downward trend
The closing price of $ 21.43, representing a 114.90 % increase from the 52 week low of $ 9.60 and a 67.36 % decrease over the 52 week high of $ 63.20.
The company has a market capital of $ 615.75 million and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 21.00 target price.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.
