In the latest close session, Groupon (GRPN) was down 1.34% at $18.38. The stock trailed the S&P 500, which registered a daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq depreciated by 0.44%.
Prior to today's trading, shares of the online daily deal service had lost 0.53% lagged the Retail-Wholesale sector's gain of 1.66% and the S&P 500's gain of 2.36%.
The investment community will be paying close attention to the earnings performance of Groupon in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.01, reflecting a 99.66% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $129.41 million, up 5.37% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.14 per share and revenue of $517.75 million, indicating changes of +93.2% and +3.88%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Groupon should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 witnessed an unchanged state. Groupon presently features a Zacks Rank of #2 (Buy).
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 101, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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).