Great Expectations for Groupon
The big earnings report today comes from Groupon (GRPN) after the bell. Analyst expectations are tempered. Remember that last November, the online discounter disappointed and the stock took a beating into the mid-$2s. But it's come a long way since then and is now near $6.
Groupon has had several disappointing quarters in a row, so many people have written the company off. The Groupon consensus estimate is for $0.03 per share. A whisper number is that Groupon will actually come in at breakeven. After the last report from Zynga (ZNGA) a few weeks ago, however, it's wise never be too quick to write a company off, even if it hasn't met expectations before....270 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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