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Groupon (GRPN) Suffers a Larger Drop Than the General Market: Key Insights
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Groupon (GRPN - Free Report) closed the most recent trading day at $27.83, moving -2.62% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.01% for the day. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 1.4%.
Shares of the online daily deal service witnessed a gain of 76.53% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 0.78%, and the S&P 500's gain of 0.32%.
The upcoming earnings release of Groupon will be of great interest to investors. The company is forecasted to report an EPS of -$0.07, showcasing a 115.22% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $127.42 million, up 1.37% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.16 per share and a revenue of $519.48 million, representing changes of +92.23% and +4.23%, respectively, from the prior year.
It is also important to note the recent changes to 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 23.68% decrease. Groupon is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Groupon (GRPN) Suffers a Larger Drop Than the General Market: Key Insights
Groupon (GRPN - Free Report) closed the most recent trading day at $27.83, moving -2.62% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.01% for the day. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 1.4%.
Shares of the online daily deal service witnessed a gain of 76.53% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 0.78%, and the S&P 500's gain of 0.32%.
The upcoming earnings release of Groupon will be of great interest to investors. The company is forecasted to report an EPS of -$0.07, showcasing a 115.22% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $127.42 million, up 1.37% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.16 per share and a revenue of $519.48 million, representing changes of +92.23% and +4.23%, respectively, from the prior year.
It is also important to note the recent changes to 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 23.68% decrease. Groupon is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.