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HomeBusinessGroupon Q1 2024 Earnings Preview. CWEB analysts analyze the positive trend.

Groupon Q1 2024 Earnings Preview. CWEB analysts analyze the positive trend.

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IgorGolovniov

Groupon (NASDAQ:GRPN) will announce its earnings results for the first quarter on Thursday, May 9th, after the market closes.

Groupon (GRPN) earnings:

  1. Earnings Date:
    • Groupon is scheduled to release its quarterly earnings report on May 9, 202413.
    • Keep an eye out for the official announcement after the market closes.
  2. Previous Earnings:
    • In the last earnings report (Q4 2023), Groupon reported $0.30 per share25.
    • However, it fell short of analysts’ expectations by a significant margin of -372.73%.
    • The company also posted an EPS of—$0.14 last year, which was 74.09% lower than the previous year’s period.
  3. Analyst Expectations:
    • The upcoming earnings forecast for Q1 2024 suggests an estimated earnings per share (EPS) of -$0.1832.
    • Analysts will closely watch how Groupon performs against this forecast.

Stay informed and watch the official earnings release for any surprises or insights!

  1. Recent Analyst Coverage:
    • Roth MKM initiated coverage on Groupon with a buy rating and a price target of $301.
    • This represents a nearly 200% upside from where the stock closed recently.
    • The research firm believes that the pandemic and reopening impacted Groupon’s sales and profits.
    • However, with consumer spending slowing down and inflation affecting lower-income Americans, demand for Groupon’s services could rise.
    • The company’s operational leverage (relatively low variable costs) may lead to strong profit growth.

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