Groupon Inc GRPN shares are trading higher by $0.17 at $4 in Tuesday's session. The company will be releasing its Q3 earnings report after the close. The Street is looking for EPS of $0.02 on revenues of $732.84 million.
The issue is attempting to settle over $4 for the first time since September 22, when it ended the session at $4.08, only to decline to $3.73 the following day. It should be noted Groupon has beat Street estimates for EPS in three of the last four quarters, but the issue has declined from $7.31 to its current level over the exact same time period.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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