Groupon: Another Loss this Quarter? - Analyst Blog
Groupon Inc
(GRPN) is set to report first quarter
2013 results on May 8. Groupon reported fourth quarter loss of 5
cents wider than the Zacks Consensus Estimate 2 cents. Let’s see
how things are shaping up for the upcoming announcement.
Growth Factors this Past Quarter
Although Groupon missed the Zacks Consensus Estimate, the loss was
much narrower than a loss of 8 cents reported in the year-ago
quarter. Revenues jumped approximately 30% from the year-ago
quarter due to higher gross billing. Groupon reported an operating
loss of $12.9 million, which was narrower than a loss of $15
million in the year-ago quarter.
Groupon provided a tepid outlook for the first quarter, with
revenues forecast to increase in the range of $560 million to $610
million (up 0% to 9%). Groupon expects operating income to be in
the range of ($10.0) million to $10.0 million for the first
quarter.
Earnings Whispers?
The Zacks Consensus Estimate for the first quarter is a loss of 1
cent. For fiscal 2013, the estimate is pegged at earnings of 5
cents per share.
Groupon posted positive surprises in three of the four preceding
quarters with an average positive surprise of 75.0%.There were no
estimate revisions for both the first quarter and fiscal 2013 over
the past 30 days. As a result, the Zacks Consensus Estimate for
both periods has remained unchanged.
The chances of a big surprise are unlikely given the lack of
catalysts during the quarter. The stock carries a Zacks Rank #2
(Buy).
We caution against stocks with Zacks Ranks #4 and #5 (Sell rated
stocks) going into the earnings announcement, especially when the
company is seeing negative estimate revisions momentum.
Other Stocks to Consider
Our model states that a stock needs to have both a positive Zacks
Earnings ESP (Read: Zacks Earnings ESP: A Better Method) and a
Zacks Rank #1, #2 or #3 to beat earnings estimates. You could,
therefore, consider stocks like:
Hasbro Inc (HAS), Earnings ESP of
+3.03% and Zacks Rank #2 (Buy)
International Game Technology
(IGT), Earning ESP of +3.23% and Zacks
Rank #2 (Buy)
Webcom Group Inc (WWWW), Earnings
ESP of +2.38% and Zacks Rank #2 (Buy)
GROUPON INC (GRPN): Free Stock Analysis Report
HASBRO INC (HAS): Free Stock Analysis Report
INTL GAME TECH (IGT): Free Stock Analysis Report
WEB.COM GROUP (WWWW): Free Stock Analysis Report
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