Groupon (GRPN) Up 71.8% Since Last Earnings Report: Can It Continue?
Nasdaq It has been about a month since the last earnings report for Groupon (GRPN). Shares have added about 71.8% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Groupon due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Groupon Q1 Loss Beat Estimates, Revenues Down Y/Y
Groupon reported a non-GAAP loss of 65 cents per share in first-quarter 2023, narrower than the Zacks Consensus Estimate of a loss of 81 cents. The company reported non-GAAP loss of 80 cents per share in the year-ago quarter.
Revenues of $121.6 million missed the Zacks Consensus Estimate by 9.15%. The figure declined 21% on a year-over-year basis (down 19% excluding the foreign exchange effect).
Region-wise, North America revenues slumped 19% year over year to $89.3 million. International revenues fell 25% (down 21%, excluding the foreign exchange effect) to $32.4 million.