In the latest trading session, Groupon (GRPN) closed at $18.10, marking no change from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.58%. Elsewhere, the Dow gained 0.75%, while the tech-heavy Nasdaq added 0.55%.
Shares of the online daily deal service witnessed a loss of 3.57% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 0.19% and the S&P 500's loss of 0.84%.
Market participants will be closely following the financial results of Groupon in its upcoming release. The company is expected to report EPS of -$0.20, down 433.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $115.5 million, down 6.16% from the prior-year quarter.
GRPN's full-year Zacks Consensus Estimates are calling for earnings of -$0.25 per share and revenue of $497.1 million. These results would represent year-over-year changes of +83.44% and +0.92%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Groupon. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 76.79% lower within the past month. Groupon is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 83, this industry ranks in the top 34% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Groupon, Inc. (GRPN) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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