Here’s What to Expect from Groupon Earnings

Groupon (NASDAQ:GRPN) shares soared Monday ahead of the daily deals company’s first-quarter earnings report expected after markets close. Investors are hoping the company will have learned its lesson after a series of missteps shortly after it went public last November.

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The stock has lost half its value since its November IPO, and some investors may now believe shares to be a relatively safe bet, as Groupon remains one of the biggest names in online coupons.

Analysts polled by FactSet expect the company to earn 2 cents per share for the January through March quarter, excluding costs of paying employees in stock and one-time items, on revenue of $530.5 million. Groupon has forecast revenue in the range of $510 million to $550 million for the period.

After getting a rocky start, CEO Andrew Mason has brought on new talent, including two board members with more accounting experience, in hopes of reinvigorating growth. However, he also reminded investors that he warned them in the company’s IPO documents last year that hte road might be bumpy given Groupon’s “unprecedented” growth.

Groupon has also been struggling with increased competition from other daily deal sites.

Shares priced at $20 in the November IPO closed at $9.90 on Friday. Shares are up nearly 20 percent today to $11.79 in the last half-hour of trading.

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