Groupon (NASDAQ:GRPN) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Groupon (NASDAQ:GRPN - Get Free Report) issued its quarterly earnings data on Thursday. The coupon company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.19, Zacks reports. The business had revenue of $123.08 million during the quarter, compared to the consensus estimate of $118.37 million. During the same quarter in the prior year, the company posted ($0.70) earnings per share. Groupon updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

Groupon Stock Up 23.5 %

Shares of GRPN traded up $2.47 during mid-day trading on Friday, hitting $12.97. 6,091,178 shares of the company's stock were exchanged, compared to its average volume of 1,240,525. The firm has a market cap of $507.06 million, a price-to-earnings ratio of -6.93 and a beta of 1.68. Groupon has a 52 week low of $2.89 and a 52 week high of $19.56. The stock's 50-day simple moving average is $13.05 and its 200-day simple moving average is $13.09.

Wall Street Analysts Forecast Growth

GRPN has been the subject of several research analyst reports. Roth Mkm reiterated a "buy" rating and set a $28.00 target price on shares of Groupon in a research note on Tuesday, April 16th. StockNews.com raised shares of Groupon from a "sell" rating to a "hold" rating in a research note on Monday, March 18th. Finally, The Goldman Sachs Group boosted their price objective on Groupon from $5.00 to $7.50 and gave the stock a "sell" rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $12.38.

About Groupon

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.

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