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Coupang, Inc. (CPNG) closed at $22.49 in the latest trading session, marking a +1.4% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.67%. On the other hand, the Dow registered a gain of 0.56%, and the technology-centric Nasdaq increased by 0.87%.
Shares of the company witnessed a loss of 5.05% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 6.91% and the S&P 500's loss of 5.28%.
The upcoming earnings release of Coupang, Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.07, signifying a 40% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.06 billion, up 13.24% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.36 per share and a revenue of $34.08 billion, signifying shifts of +63.64% and +12.59%, respectively, from the last year.
Any recent changes to analyst estimates for Coupang, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.91% lower. Coupang, Inc. is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Coupang, Inc. is holding a Forward P/E ratio of 61.05. This signifies a premium in comparison to the average Forward P/E of 21.53 for its industry.
One should further note that CPNG currently holds a PEG ratio of 60.44. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 1.33.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 75, this industry ranks in the top 31% of all industries, numbering over 250.