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Groupon (GRPN) Rises Higher Than Market: Key Facts
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Groupon (GRPN - Free Report) ended the recent trading session at $17.45, demonstrating a +2.59% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 1.65% for the day. Elsewhere, the Dow gained 0.92%, while the tech-heavy Nasdaq added 3.07%.
Shares of the online daily deal service witnessed a loss of 2.58% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 4.86%, and underperforming the S&P 500's gain of 0.48%.
Investors will be eagerly watching for the performance of Groupon in its upcoming earnings disclosure. On that day, Groupon is projected to report earnings of -$0.05 per share, which would represent a year-over-year decline of 110.87%. Meanwhile, our latest consensus estimate is calling for revenue of $127.42 million, up 1.37% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.13 per share and revenue of $519.48 million, indicating changes of +93.69% and +4.23%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Groupon. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 240.74% lower. Right now, Groupon possesses a Zacks Rank of #3 (Hold).
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 147, this industry ranks in the bottom 40% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GRPN in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Groupon (GRPN) Rises Higher Than Market: Key Facts
Groupon (GRPN - Free Report) ended the recent trading session at $17.45, demonstrating a +2.59% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 1.65% for the day. Elsewhere, the Dow gained 0.92%, while the tech-heavy Nasdaq added 3.07%.
Shares of the online daily deal service witnessed a loss of 2.58% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 4.86%, and underperforming the S&P 500's gain of 0.48%.
Investors will be eagerly watching for the performance of Groupon in its upcoming earnings disclosure. On that day, Groupon is projected to report earnings of -$0.05 per share, which would represent a year-over-year decline of 110.87%. Meanwhile, our latest consensus estimate is calling for revenue of $127.42 million, up 1.37% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.13 per share and revenue of $519.48 million, indicating changes of +93.69% and +4.23%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Groupon. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 240.74% lower. Right now, Groupon possesses a Zacks Rank of #3 (Hold).
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 147, this industry ranks in the bottom 40% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GRPN in the coming trading sessions, be sure to utilize Zacks.com.