This Drove Groupon Stock in August

US-based (SPY) Internet (FDN) stock Groupon (GRPN) rose 18.4% in August 2017 and closed the month at $4.44. Groupon is now trading 52% above its 52-week low of $2.90 and 20% below its 52-week high of $5.55. Groupon stock rose more than 10% on August 2, 2017, after the company announced its 2Q17 results.

In 2Q17, Groupon reported revenues of $662.6 million, with EPS (earnings per share) of $0.02. Analysts expected the firm to post revenue of $670 million, with EPS of $0.00 in 2Q17. Groupon added 300,000 customers in the North America region and had ~32 million active customers at the end of 2Q17.

The company’s total active customers rose to 48.3 million in 2Q17 from 44.9 million in 2Q16.

Groupon stock has been volatile this year. While the stock has risen 33% in 2017, it fell ~23% in May 2017 after the firm announced disappointing 1Q17 results. Groupon now aims to improve its profit margins, even if it comes at the expense of revenues.

Analysts expect Groupon’s revenue to fall 10.7% YoY in 3Q17 to $643.6 million, 5.8% YoY in 4Q17 to $880.95 million, and 8.9% YoY in fiscal 2017 to $2.86 billion. Analysts also expect its EPS to rise from -$0.03 in 3Q16 to $0.00 in 3Q17, 29% YoY to $0.09 in fiscal 4Q17, and 200% YoY to $0.12 in fiscal 2017.