Groupon (GRPN) Gears Up for Q3 Report, Celebrates First Year as Public Company

November 8, 2012 1:38 PM EST Send to a Friend
Get Alerts GRPN Hot Sheet
Trade GRPN Now!
Join SI Premium – FREE
Groupon (Nasdaq: GRPN) shares are trading higher into the company's third-quarter earnings release, which is scheduled for after the market closes today.

This will be the fourth time Groupon reports since going public in November 2011. Some of the biggest concerns that investors have has been new entrants into the daily-deals market, with the latest being venerable e-Commerce giant Ebay (Nasdaq: EBAY).

Currently, the Street is expecting Groupon to report EPS of 3 cents, which is flat over last quarter and flat with expectations when Groupon first reported in February 2012. Sales should tick modestly higher to $590 million, from $568 million reported last quarter.

For more on Groupon's earnings history, click here.

On the call, analysts are likely to ask about employee retention. Today's chatter has Groupon "firing some employees" today, which could range from 1 to 300. Specific details weren't made available.

Another key hot topic is Groupon's mobile payments system, which it rolled out in September. The company claims it will have lower rates to merchants compared with many of its peers and investors will want to know how that segment is shaping up given recent chatter surrounding the likes of Square, PayPal, Verifone (NYSE: PAY), and others.

The stock is up 2.4 percent in the afternoon session. The company came public November 4th, 2011.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Insiders' Blog

Related Entities

Earnings

Comments

Earnings
Eustace Berwick on 2012-11-08 14:47:41
Mark as Spam | Reply to this comment

First City Bankers of Gladwyne Pa.,
first lost our Chairman, Peter Goss,
of meadowbrook Pa., now e lost Lois Barrish a key assistant VP., we will remain a force in Mining and Lumber.


Add Your Comment