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.
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
United Parcel Service (UPS) seems on track to regain lost strength
Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic
IPO Alert: What to look for when Boundless Bio goes public
Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.
Nike (NKE) bets on innovation and partnerships to return to high growth
Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company