Groupon (GRPN) closed at $18.73 in the latest trading session, marking a +2.46% move from the prior day. This move outpaced the S&P 500’s daily gain of 0.86%. On the other hand, the Dow registered a gain of 0.98%, and the technology-centric Nasdaq increased by 0.96%.
Prior to today’s trading, shares of the online daily deal service had lost 16.83% lagged the Retail-Wholesale sector’s loss of 9.35% and the S&P 500’s loss of 1.96%.
The investment community will be closely monitoring the performance of Groupon in its forthcoming earnings report. The company is expected to report EPS of -$0.01, up 99.66% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $129.41 million, indicating a 5.37% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.14 per share and a revenue of $517.75 million, indicating changes of +93.2% and +3.88%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Groupon. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we’ve established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 25% higher. At present, Groupon boasts a Zacks Rank of #3 (Hold).
The Internet – Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 103, placing it within the top 42% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
