Categories AlphaGraphs, Earnings, Technology

Groupon (GRPN) Q4 2018 Earnings Preview

Daily-deal service Groupon (GRPN) might be looking at a slide in revenue, but it is expected to post a profit jump as it announces its fourth-quarter 2018 results on Feb. 12.

However, how the results stack up to the estimates would be the main focus when the numbers are out. The Street now expects 13 cents a share on revenue of $785.13 million.

 

LOOKING BACK

In the previously reported third quarter, Groupon reported a jump in earnings of 8 cents a share from nil profit a year ago. This came about due to a benefit related to the IBM settlement as well as lower costs and expenses. The bottom line surpassed analysts’ expectations, sending the stock higher following the announcement.

Groupon third quarter 2018 Earnings Infographic
Groupon Q3 2018 Earnings Infographics

Revenue for the third quarter then dropped by 7% on lower customer traffic, falling short of consensus estimates.

Gross billings also shot down 9.3% to $1.22 billion in the past quarter, while active customers on the site slipped to 48.8 million from 49.1 million during the prior-year period.

Back then, Groupon announced that it expected FY 2018 adjusted EBITDA to be $280-290 million.

 

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

 

Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top