In the latest close session, Groupon (GRPN) was up +1.02% at $26.84. The stock exceeded the S&P 500, which registered a loss of 0.45% for the day. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 1.16%.
Prior to today's trading, shares of the online daily deal service had gained 64.21% outpaced the Retail-Wholesale sector's loss of 0.18% and the S&P 500's gain of 2.14%.
Market participants will be closely following the financial results of Groupon in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.07, reflecting a 115.22% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $127.42 million, up 1.37% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.16 per share and a revenue of $519.48 million, indicating changes of +92.23% and +4.23%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Groupon. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 23.68% lower. As of now, Groupon holds a Zacks Rank of #3 (Hold).
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 178, positioning it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Groupon, Inc. (GRPN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).