In the latest trading session, Groupon (GRPN) closed at $16.28, marking a -2.98% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.69%, and the technology-dominated Nasdaq saw an increase of 1.05%.
Coming into today, shares of the online daily deal service had lost 21.15% in the past month. In that same time, the Retail-Wholesale sector gained 4.75%, while the S&P 500 gained 0.97%.
The upcoming earnings release of Groupon will be of great interest to investors. On that day, Groupon is projected to report earnings of -$0.01 per share, which would represent year-over-year growth of 99.66%. 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.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.14 per share and a revenue of $517.75 million, representing changes of +93.2% and +3.88%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Groupon. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 past month, there's been no change in the Zacks Consensus EPS estimate. Groupon is holding a Zacks Rank of #2 (Buy) right now.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 162, this industry ranks in the bottom 35% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Groupon, Inc. (GRPN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).