Q3 2020 EPS Estimates for Groupon Inc (NASDAQ:GRPN) Reduced by William Blair

Groupon Inc (NASDAQ:GRPN) – Research analysts at William Blair reduced their Q3 2020 earnings per share (EPS) estimates for shares of Groupon in a report released on Tuesday, November 5th. William Blair analyst R. Schackart now forecasts that the coupon company will post earnings per share of $0.00 for the quarter, down from their prior estimate of $0.01. William Blair also issued estimates for Groupon’s Q4 2020 earnings at $0.12 EPS and FY2021 earnings at $0.17 EPS.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Monday, November 4th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Groupon had a negative net margin of 2.21% and a positive return on equity of 9.21%. The company had revenue of $495.60 million during the quarter, compared to the consensus estimate of $523.71 million. During the same period last year, the firm earned $0.08 EPS. The company’s revenue for the quarter was down 16.4% on a year-over-year basis.

A number of other equities research analysts also recently issued reports on GRPN. JPMorgan Chase & Co. downgraded shares of Groupon from a “neutral” rating to an “underweight” rating and set a $3.00 price target for the company. in a research report on Wednesday. ValuEngine downgraded Groupon from a “hold” rating to a “sell” rating in a research report on Friday. Wedbush set a $3.50 price objective on Groupon and gave the stock a “hold” rating in a research report on Friday, September 27th. BidaskClub upgraded Groupon from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, DA Davidson set a $5.00 price objective on Groupon and gave the stock a “buy” rating in a research report on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $3.70.

GRPN stock opened at $2.94 on Friday. The firm has a 50 day moving average of $2.83 and a 200-day moving average of $3.13. Groupon has a 12-month low of $2.31 and a 12-month high of $3.98. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 32.67 and a beta of 1.34.

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In related news, Director Robert J. Bass acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average cost of $2.58 per share, for a total transaction of $129,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 15.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Par Capital Management Inc. raised its position in shares of Groupon by 3.7% during the 2nd quarter. Par Capital Management Inc. now owns 56,645,000 shares of the coupon company’s stock worth $202,789,000 after purchasing an additional 2,000,000 shares during the last quarter. Vanguard Group Inc. grew its stake in Groupon by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 43,010,256 shares of the coupon company’s stock worth $153,976,000 after acquiring an additional 1,277,016 shares during the period. BlackRock Inc. grew its stake in Groupon by 2.4% in the 2nd quarter. BlackRock Inc. now owns 30,951,874 shares of the coupon company’s stock worth $110,808,000 after acquiring an additional 723,341 shares during the period. First Trust Advisors LP grew its stake in Groupon by 9.3% in the 3rd quarter. First Trust Advisors LP now owns 22,871,349 shares of the coupon company’s stock worth $60,838,000 after acquiring an additional 1,955,452 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in Groupon in the 2nd quarter worth approximately $66,614,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Groupon

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.

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Earnings History and Estimates for Groupon (NASDAQ:GRPN)

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