Groupon Q2 2024 Adj EPS $0.12 Beats $0.02 Estimate, Sales $124.60M Beat $121.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Groupon (NASDAQ:GRPN) reported Q2 2024 adjusted EPS of $0.12, significantly beating the analyst estimate of $0.02. Sales were $124.60 million, also surpassing the $121.74 million estimate, despite a year-over-year decline.
July 30, 2024 | 8:32 pm
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Groupon's Q2 2024 earnings per share of $0.12 beat the analyst estimate of $0.02 by 500%, and sales of $124.60 million exceeded the $121.74 million estimate. Despite a year-over-year sales decline, the strong earnings beat is likely to positively impact the stock price in the short term.
The significant earnings beat and sales exceeding expectations are positive indicators for Groupon's stock price. Despite a slight year-over-year sales decline, the market is likely to react favorably to the strong earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100