Groupon higher as Goldman forecasts modest Q3 beat

Goldman's Heath Terry predicts Groupon (GRPN +5.8%) will post Q3 revenue of $620M and CSOI of $51.6M when it reports on Thursday. Those figures compare favorably with guidance of $585M-$635M and $20M-$40M, and consensus estimates of $515M and $41M.

Terry thinks Groupon's traffic was "robust in 3Q on both desktop and mobile," and sees the company's "critical mass of users and merchants" giving it "a meaningful advantage" to address a giant local commerce opportunity.

Terry's view contrasts greatly with ITG Research's. ITG stated on Oct. 22 Groupon's Q3 estimates are at risk thanks to slowing North American billings growth.

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