The buoyancy in the outlook of Groupon, Inc.
In front of fourth-quarter earnings release on Wednesday, Feb 15, 2017, 18 analysts are forecasting profits of $0.02 per share, with views ranging from an ultra-tight -$0.03 to $0.05. Shares of Groupon have underperformed the broader Zacks Internet - Commerce industry over the last one year. Full-year profit views are for Groupon, Inc.to earn -$0.01 in current year and grow profits by almost -107.14% over last year's earnings of $0.14.
They expect $-0.02 EPS, up 0% or $0 from last year's $-0.02 per share.
While the stock has posted a strong rally over the past year, its 52-week remains at $5.94. 5 Wall Street Firms have rated the stock as a strong buys.
North America local billings grew 11% year over year in the fourth quarter 2016, with customer additions reaching 2.0 million as well. The stock has reduced about -32.3% since it reported its last earnings.
Nonetheless, and in the immediate aftermath of reporting, investor reaction in Groupon, Inc.
Sometimes, we can understand most about a stock by simply looking at how it has been trading. While revenue only climbed 1.9% year-over-year, EPS of 7 cents per share topped analysts' expectations of 2 cents per share. Groupon presently has an average rating of "Hold" and an average price target of $4.96. The sell-side target prices range from $3 to $6.5.
October 26, 2016: Groupon, Inc. The analysts offering Earnings Estimates for the company were believing that Groupon, Inc. The Short Ratio for the stock is 4.19. (GRPN) has made a move of +6.78% over the past month, which has come on weak relative transaction volume. (NASDAQ:GRPN), we notice that the stock is 30.37% off of the 20-Day Simple Moving Average. (NASDAQ:GRPN) is $4.87 while their mean recommendation is 2.80 (1=Buy, 5=sell). The company also expects to exit 11 countries as part of its streamline and simplify initiative, and Groupon expects to report these countries as discontinued operations beginning in Q1.
The company's shares closed at $3.78.
Once a huge competitor but more recently, if anything, even more crippled by the daily deals doldrums than Groupon itself, LivingSocial in its life as a startup raised $928 million from a range of backers that included top-shelf VCs as well as Amazon, all of whom essentially wrote off their investments as the startup went through several rounds of restructuring and pivoting.
Groupon has been on a long road to trying to fix its business, after once being feted as a hot startup, blasting off in a hot IPO, and then crashing and burning as the reality of the its business set in: that daily deals are not almost as constant and strong a market as many thought they would be.
Now insiders hold 12,862,990 shares in the business which makes up 2.24% of shares.