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Coupang, Inc. (CPNG) ended the recent trading session at $19.82, demonstrating a +0.3% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 1.57%. Elsewhere, the Dow lost 0.84%, while the tech-heavy Nasdaq lost 2.15%.
Prior to today's trading, shares of the company had lost 9.81% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 11.13% and the S&P 500's loss of 12.16% in that time.
Market participants will be closely following the financial results of Coupang, Inc. in its upcoming release. The company is forecasted to report an EPS of $0.07, showcasing a 40% upward movement from the corresponding quarter of the prior 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 full year, the Zacks Consensus Estimates project earnings of $0.36 per share and a revenue of $34.08 billion, demonstrating changes of +63.64% and +12.59%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Coupang, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.91% lower within the past month. Coupang, Inc. is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Coupang, Inc. is currently exchanging hands at a Forward P/E ratio of 54.38. For comparison, its industry has an average Forward P/E of 20.25, which means Coupang, Inc. is trading at a premium to the group.
It's also important to note that CPNG currently trades at a PEG ratio of 53.85. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Internet - Commerce industry stood at 1.21 at the close of the market yesterday.