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Coupang, Inc. (CPNG) ended the recent trading session at $21.13, demonstrating a -1.22% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 2.36% for the day. Elsewhere, the Dow lost 2.48%, while the tech-heavy Nasdaq lost 2.55%.
Coming into today, shares of the company had lost 8.35% in the past month. In that same time, the Retail-Wholesale sector lost 4.2%, while the S&P 500 lost 5.6%.
The investment community will be paying close attention to the earnings performance of Coupang, Inc. in its upcoming release. On that day, Coupang, Inc. is projected to report earnings of $0.06 per share, which would represent year-over-year growth of 20%. In the meantime, our current consensus estimate forecasts the revenue to be $8.07 billion, indicating a 13.43% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.29 per share and a revenue of $34.18 billion, representing changes of +31.82% and +12.94%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Coupang, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 20.18% lower within the past month. Coupang, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Coupang, Inc. is holding a Forward P/E ratio of 73.76. This indicates a premium in contrast to its industry's Forward P/E of 22.7.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 49, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.