Groupon’s revenue is expected to fall 11.8% in the first quarter
Groupon (GRPN) is set to announce its first-quarter earnings results on May 8, 2019. Analysts expect the company to post sales of $552.8 million in the first quarter, a fall of 11.8% YoY compared to sales of $626.54 million in the first quarter of 2018.
Ready to put your morning scrolling to use? Sign up for Bagels & Stox, our witty take on the top market and investment news straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.
Earnings growth expected to be negative for Groupon
Groupon’s non-GAAP (generally accepted accounting principles) EPS are expected to fall 100% YoY from $0.03 in the first quarter of 2018 to $0.00 in the first quarter of 2019.
Groupon has managed to beat analysts’ earnings estimates in two of the last four quarters. The company posted EPS of $0.10 in the fourth quarter of 2018, 23% below analysts’ estimate of $0.13. It posted EPS of $0.04 in the third quarter of 2018, 100% above the estimate of $0.02.
Groupon failed to exceed its second-quarter earnings estimate of $0.03 with posted earnings of $0.02. The company exceeded analysts’ consensus earnings estimate of $0.00 with EPS of $0.03 in the first quarter of 2018. Groupon stock has fallen ~19% over the last 12 months, partially driven by its earnings miss.