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Groupon (GRPN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Groupon returned to revenue growth in its Q1 report last night. Sales exceeded expectations, even if losses were worse than forecasts.
Groupon's (GRPN) first-quarter results reflect strong momentum across local and travel end-markets amid a sluggish goods market.
Groupon, Inc. (NASDAQ:GRPN ) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Dusan Senkypl - Interim Chief Executive Officer Jiri Ponrt - Chief Financial Officer Conference Call Participants Sean McGowan - ROTH MKM Eric Sheridan - Goldman Sachs Operator Hello, and welcome to Groupon's First Quarter 2024 Financial Results Conference Call. On the call today are CEO Dusan Senkypl; CFO, Jiri Ponrt; and SVP Corporate Development and Investor Relations, Rana Kashyap.
Groupon (GRPN) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.18 per share. This compares to loss of $0.65 per share a year ago.
As consumers step up their spending on travel and on local experiences, Groupon noted, they are pulling back on buying products.
The mean of analysts' price targets for Groupon (GRPN) points to a 49.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Chicago, Illinois--(Newsfile Corp. - April 30, 2024) - Groupon, Inc. (NASDAQ: GRPN) announced today that it intends to release the company's first quarter 2024 financial results after the market closes on Thursday, May 9, 2024. The company will also host a conference call to discuss those results at 5:00pm ET.
In the most recent trading session, Groupon (GRPN) closed at $11.67, indicating a +1.74% shift from the previous trading day.
Groupon, a once-popular deals site, is a contrarian play with solid fundamentals and a reasonable valuation. The company has shown improvements in its liquidity position and operating cash flow through cost-cutting measures. Marketplace trends are improving, with the addition of new features like gifting.