GrouponNASDAQ: GRPN

Why Groupon Stock Plummeted by 27% on Wednesday

Groupon (GRPN) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of a loss of $0.25 per share. This compares to loss of $0.12 per share a year ago.

Groupon, Inc. (NASDAQ:GRPN ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Dusan Senkypl - Chief Executive Officer Jiri Ponrt - Chief Financial Officer Conference Call Participants Sean McGowan - ROTH Capital Bobby Brooks - Northland Capital Pierre Riopel - Goldman Sachs Operator Hello and welcome to Groupon's Third Quarter 2024 Financial Results Conference Call. On the call today are Chief Executive Officer, Dusan Senkypl; Chief Financial Officer, Jiri Ponrt; and Senior Vice President of Corporate Development and Investor Relations, Rana Kashyap.

Chicago, Illinois--(Newsfile Corp. - November 12, 2024) - Groupon, Inc. (NASDAQ: GRPN) announced today that it has entered into privately negotiated agreements with certain of the holders (the "Offering Participants") of its existing 1.125% Convertible Senior Notes due 2026 (the "2026 Notes") to (i) exchange an aggregate principal amount of $176,260,000 of 2026 Notes for an aggregate principal amount of $176,260,000 a newly issued series of 6.25% Convertible Senior Secured Notes due 2027 (the "2027 Notes" and such transactions, the "Exchange") and, in the case of certain Offering Participants, (ii) issue and sell an aggregate $21.0 million principal amount of 2027 Notes for gross cash proceeds of $20.0 million (representing an issue price of 95%) (the "Subscription Transactions" and together with the Exchange, the "Transactions"). The Transactions are expected to close promptly, subject to and following the satisfaction of customary closing conditions.

Deteriorating fundamentals and uncertain growth prospects suggest staying cautious ahead of GRPN's Q3 earnings, despite strength across the North American region.

In the latest trading session, Groupon (GRPN) closed at $10.90, marking a +1.63% move from the previous day.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Groupon (GRPN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.

Tap five stocks with increasing P/E ratios to try an an out-of-the-box approach. These stocks include American Eagle Outfitters (AEO), Groupon (GRPN), Nextracker Inc. (NXT), ESS Tech (GWH) and Virgin Galactic (SPCE).

Groupon (GRPN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.