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Groupon (GRPN) has an average brokerage recommendation (ABR) of 2.00, indicating a “Buy” on a scale of 1 to 5 as calculated from five brokerage firms. This includes three “Strong Buy” and one “Buy” recommendation, with 60% of analysts favoring a Strong Buy.
Recently, the Zacks Consensus Estimate for Groupon’s earnings has increased by 31.1% over the past month, bringing the estimate to $0.8 for the current year. This shift in earnings prospects has resulted in a Zacks Rank of #1 (Strong Buy) for Groupon, suggesting the stock could see positive movement in the near term.
Investors should note the divergence between the ABR, which is based solely on brokerage recommendations, and the Zacks Rank, which is influenced by earnings estimate revisions. The Zacks Rank remains more timely and reliable for predicting stock price movements.
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