In the latest close session, Coupang, Inc. (CPNG) was down 1.68% at $32.86. This change lagged the S&P 500's daily gain of 0.49%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.72%.
The company's shares have seen an increase of 18.43% over the last month, surpassing the Retail-Wholesale sector's gain of 2.3% and the S&P 500's gain of 2.99%.
The investment community will be paying close attention to the earnings performance of Coupang, Inc. in its upcoming release. The company is predicted to post an EPS of $0.04, indicating a 33.33% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $9.06 billion, up 15.15% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.17 per share and a revenue of $34.82 billion, representing changes of -22.73% and +15.03%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Coupang, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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. Over the past month, the Zacks Consensus EPS estimate has shifted 22.73% downward. Coupang, Inc. is currently sporting a Zacks Rank of #4 (Sell).
From a valuation perspective, Coupang, Inc. is currently exchanging hands at a Forward P/E ratio of 196.59. This represents a premium compared to its industry average Forward P/E of 21.72.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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