Earnings Preview: Groupon

Daily deals juggernaut and recent red-hot IPO Groupon

is set to report its quarterly earnings results after the closing bell on Wednesday, February 8. This will be Groupon's first earnings report as a public company. Groupon completed a $700 million public offering at a valuation of $12.8 billion in November 2011. Heading into the report, Wall Street analysts have consensus earnings per share estimates of $0.03. The low estimate is $0.01 with a high estimate of $0.07. Over the last 2 months, EPS estimates have risen $0.05 from an initial projection which called for a loss of $0.02 per share. Since going public, GRPN shares have lost 7.35%. Analysts are projecting that the company will report revenue of $475.15 million with a low estimate of $448.60 million and a high estimate of $516 million. Groupon is trading above both its 50-day moving average ($20.75) and 200-day moving average ($21.28). The stock trades at a forward P/E ratio of 78.03. The median Wall Street price target for GRPN is $25.00 with a high target of $35.00. On Wednesday, GRPN shares rose 2.89% to $24.19 on above average volume.