In the latest trading session, Coupang, Inc. (CPNG) closed at $32.45, marking a +1.03% move from the previous day. This change outpaced the S&P 500's 0.85% gain on the day. On the other hand, the Dow registered a gain of 1.36%, and the technology-centric Nasdaq increased by 0.72%.
The company's shares have seen an increase of 12.82% over the last month, surpassing the Retail-Wholesale sector's gain of 2.87% and the S&P 500's gain of 2.38%.
Analysts and investors alike will be keeping a close eye on the performance of Coupang, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.04, indicating a 33.33% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $9.06 billion, reflecting a 15.15% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.17 per share and revenue of $34.82 billion. These totals would mark changes of -22.73% and +15.03%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Coupang, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 22.73% decrease. Coupang, Inc. is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, Coupang, Inc. is presently being traded at a Forward P/E ratio of 188.94. This signifies a premium in comparison to the average Forward P/E of 19.94 for its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 32% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Coupang, Inc. (CPNG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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