Groupon Earnings: Not Enough to Please Investors
Groupon Inc. (NASDAQ:GRPN) reversed to a profit in the third quarter, beating Wall Street estimates.
Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now
Groupon Inc. Earnings Cheat Sheet
Results: Reported a profit of $1.6 million (0 cents per diluted share) in the quarter. Groupon Inc. had a net loss of $10.6 million or a loss 18 cents per share in the year-earlier quarter.
Revenue: Rose 32.2% to $568.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Groupon Inc. beat the mean analyst estimate of a loss of one cent per share. It beat the average revenue estimate of $530.8 million.
Quoting Management: “Our solid performance in North America was offset by continued challenges in Europe,” said Andrew Mason, CEO of Groupon. “Groupon Goods has evolved into a second major category that our customers clearly love. With deals on everything from designer sunglasses to big-screen televisions to most-wanted toys, we think it will be a great gifting destination this holiday season.”
For three consecutive quarters, the company has topped analyst estimates. It beat the mark by 6 cents in the second quarter and by 2 cents in the first quarter.
At a profit of 2 cents per share, the average estimate for the fiscal year has risen from an expected loss of 2 cents ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories: