Groupon Beats Q1 Earnings and Revenue Estimates
Groupon (NASDAQ: 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. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected that this online daily deal service would post a loss of $0.11 per share when it actually produced earnings of $0.30, delivering a surprise of 372.73%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Groupon, which belongs to the Zacks Internet – Commerce industry, posted revenues of $123.08 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 3.98%. This compares to year-ago revenues of $121.61 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on …
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