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Groupon stock

Article Index

Why Groupon Stock Is Surging After OrderUp Acquisition (Nasdaq: GRPN)

By , Money Morning -

Groupon

Groupon Inc. (Nasdaq: GRPN) surprised many traders July 16 with the announcement it will purchase on-demand food ordering firm OrderUp.

Groupon stock traded up 3.4% the day the deal was announced. That added to a 6.82% rise so far this week after an analyst at Macquarie Capital USA Inc. hiked the ratings outlook for Groupon as the company shifts its corporate strategy and refocuses on e-commerce. On Friday, the day after the deal was announced, GRPN stock continued in the green.

Groupon's acquisition of OrderUp shows the firm is committed to providing shareholder value by expanding into a $70 billion market.

Here's a look at why this is a great deal for Groupon investors...

Today's Stock Market Crashers Include WAG, TWX, GRPN

By , Associate Editor, Money Morning • @TaraKateClarke -

stock market crash

Six downtrodden stocks made our "stock market crasher" list today (Wednesday).

They are Walgreen (NYSE: WAG), Time Warner (NYSE: TWX), T-Mobile (NYSE: TMUS), Groupon (Nasdaq: GRPN), Rocket Fuel (Nasdaq: FUEL), and Cognizant Technology Solutions (Nasdaq: CTSH).

And what's behind their respective sell-offs can be divided into just two groups:

Deals gone sour and earnings gone wrong...

GRPN, DIS Top Today's Hot Stocks to Watch List

By , Contributing Writer, Money Morning -

GRPN

Hot stocks to watch today: Second-quarter earnings, up 10% with three-quarters of S&P 500 companies reporting to date, have handily beat consensus forecasts of 7%, according to FactSet. Revenue, up 5% on average, is also coming in ahead of projections.

With little on this week’s economic calendar, earnings will again dominate markets. Following are 10 earnings reports to watch today (Tuesday), including GRPN, DIS, IEP, and more…

Groupon (Nasdaq: GRPN) Earnings Update: Record-Breaking Quarter, and Promising Future on these Two Numbers

By , Associate Editor, Money Morning • @TaraKateClarke -

Groupon Inc. (Nasdaq: GRPN) will report Q4 2013 earnings after closing bell today (Thursday). GRPN stock gained 1.2% in pre-market trading Thursday, despite projections of a slow quarter.

The current Wall Street consensus expectation is earnings per share (EPS) gain of $0.02 per share on $718.67 million in revenue, compared to a loss of $0.01 per share in the same period a year ago.

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Groupon CEO Andrew Mason Is Out; Does Stock Have a Chance?

By , Contributing Writer, Money Morning -

Groupon CEO Andrew Mason was ousted by the company after a horrible earnings report and steep drive in stock price.

The Groupon stock price tumbled 26% in after-hours trading Wednesday following the release of a dismal fourth-quarter earnings report, and then plunged another 24% today (Thursday).

It was announced Thursday after market close that Eric Lefkofsky and Vice Chairman Ted Leonsis have been appointed to the newly created Office of the Chief Executive, effective immediately, replacing Andrew Mason. Lefkofsky and Leonsis will serve in this role on an interim basis.

"On behalf of the entire Groupon Board, I want to thank Andrew for his leadership, his creativity and his deep loyalty to Groupon. As a founder, Andrew helped invent the daily deals space, leading Groupon to become one of the fastest growing companies in history," said Lefkofsky.

The Board will start a search for a new Chief Executive.

The mounting misery at Groupon had left many questioning Mason's fate before the announcement. 

Last year, the company's board mulled replacing him. The latest results and lackluster outlook sealed the deal for Mason at the Chicago-based company.

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Groupon CEO Andrew Mason May Need a New Daily Deal for Himself

By , Contributing Writer, Money Morning -

Groupon CEO Andrew Mason may soon be hunting for a new deal of his own.

The Groupon Inc. (Nasdaq: GRPN) leader and founder just might find himself looking for a new gig as reports have surfaced that the company's board could ask him to step down. The board is set to meet today (Thursday) to discuss the company and Mason.

Mason admits there have been "bumps in the road." Yet with GRPN shares down some 80% from its November 2011 initial public offering price of $20, it's more fitting to call Groupon's recent performance a train wreck.

Speaking this week at the Business Insider Ignition 2012 conference in New York, Mason said, "If I ever thought I wasn't the right guy for the job, I'd be the first person to fire myself."

Mason also confessed to Business Insider's Henry Blodget, "It would be weird if the board wasn't discussing if I was the right guy for the job."

But, the fraught CEO added "that he was confident that wasn't going to happen."

Yet, market participants appeared more confident that it just might happen, and sent shares up 12% Wednesday after the buzz surfaced.

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Groupon (Nasdaq: GRPN) Stock Soars – But Red Flags Are Flying

By , Contributing Writer, Money Morning -

Groupon Inc. (Nasdaq: GRPN) stock soared Monday after the close when the company reported its first quarterly profit ever.

The world's largest daily deal company earned 2 cents per share in the first quarter of 2012, versus a net loss of 41 cents a share in the same quarter a year earlier. Revenue was $559.3 million, an 89.3% year-over-year increase compared with $295.5 million in the first quarter of 2011.

North American sales leapt 74.6% to $238.57 million, while international sales climbed 101.8% to $320.72 million.

The numbers handedly beat Wall Street's expectations. The consensus estimate from Thomson Reuters was for the company to post earnings of a penny per share on revenue of $531 million.

Following the earnings announcement, Groupon stock skyrocketed nearly 18% in extended hours trading to $11.735.

In morning trading Tuesday, Groupon shares rose more than 20% to $14.93.

CEO Andrew Mason gushed in a statement, "We are pleased to report a record quarter that demonstrates our progress in unlocking the opportunity in local commerce for merchants and customers worldwide."

Looking forward, the Chicago-based company projected second-quarter revenue of $550 million to $590 million, rendering a 40% to 50% year-over-year leap. The Street expects revenue to hit $558.7 million.

The announcement and the stock's ascent comes after shares hit an all-time low of $9.63 during last Friday's trading session. That marked a 52% drop from the company's November 2011 initial public offering price of $20.

But not everyone was sold on Groupon's turnaround.

"While Q1 results are a step in the right direction, we want to see more evidence of sustainability in the model," wrote Herman Leung of Susquehanna.

Jordan Rohan of Stifel Nicolaus, among other analysts, also expressed concern over the expiration of the post-IPO lockup on Groupon's shares. The company said on Monday that those lockups expire on June 1, affecting about 620 million shares.

Skeptics abound and one good quarter does not ensure another.

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