Groupon (GRPN) closed the most recent trading day at $18.19, moving -0.27% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.12%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 2.04%.
The online daily deal service's stock has climbed by 54.58% in the past month, exceeding the Retail-Wholesale sector's loss of 5.39% and the S&P 500's loss of 2.91%.
The investment community will be closely monitoring the performance of Groupon in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be -$0.14, reflecting a 333.33% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $115.71 million, down 5.99% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.20 per share and revenue of $495.97 million, which would represent changes of +86.75% and +0.69%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Groupon. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.64% higher within the past month. Groupon is currently a Zacks Rank #3 (Hold).
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks 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.
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This article originally published on Zacks Investment Research (zacks.com).
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