Coupang, Inc. (CPNG) closed at $31.78 in the latest trading session, marking a +1.76% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 1.56%. Elsewhere, the Dow gained 1.29%, while the tech-heavy Nasdaq added 2.21%.
The company's stock has dropped by 3.64% in the past month, exceeding the Retail-Wholesale sector's loss of 5.02% and lagging the S&P 500's gain of 0.41%.
The upcoming earnings release of Coupang, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $0.04, marking a 33.33% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.06 billion, up 15.15% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.17 per share and a revenue of $34.82 billion, demonstrating changes of -22.73% and +15.03%, respectively, from the preceding year.
Any recent changes to analyst estimates for Coupang, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Coupang, Inc. presently features a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Coupang, Inc. is presently trading at a Forward P/E ratio of 183.71. This represents a premium compared to its industry average Forward P/E of 20.99.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 53, finds itself in the top 22% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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