From Nasdaq: 2024-07-26 12:36:00

Groupon (GRPN) is set to report second-quarter 2024 results on Jul 30. Revenue is expected to range from $116-$122 million, a 10-5% decline from the previous year. Analysts forecast a 5.7% dip in revenue to $121.70 million, with an estimated loss of 1 cent per share, narrower than last year’s 10 cents loss.

Groupon experienced strong local category growth in North America and focused on improving performance marketing channels and supply quality. However, sluggish goods categories and weak international markets posed challenges. Goods revenue is estimated to drop by 36.4% and international revenue by 8.8%. Travel market issues in North America may impact gross billings.

Positive earnings indicators set Groupon up for potential growth. An Earnings ESP of +3,100.00% and a Zacks Rank #1 increase the likelihood of an earnings beat. Other stocks to watch include Aspen Aerogels (ASPN), Apple (AAPL), and GoDaddy (GDDY), all showing promising growth potential in upcoming releases.

Aspen Aerogels is expected to report a significant earnings jump, Apple’s earnings are expected to rise by 5.6%, and GoDaddy is forecasted to show a 69.8% earnings growth. Stay informed with the Zacks Earnings Calendar for upcoming announcements and recommendations from Zacks Investment Research for potential stocks that may outperform expectations.



Read more at Nasdaq: Groupon (GRPN) to Report Q2 Earnings: What’s in the Cards?