Coupang, Inc. (CPNG) ended the recent trading session at $20.24, demonstrating a -1.17% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.16%. Elsewhere, the Dow gained 1.21%, while the tech-heavy Nasdaq added 1.18%.
The stock of company has fallen by 8.69% in the past month, lagging the Retail-Wholesale sector's gain of 3.08% and the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Coupang, Inc. in its upcoming earnings disclosure. On that day, Coupang, Inc. is projected to report earnings of $0.03 per share, which would represent a year-over-year decline of 25%. At the same time, our most recent consensus estimate is projecting a revenue of $9.27 billion, reflecting a 16.42% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.16 per share and a revenue of $34.97 billion, demonstrating changes of -27.27% and 0%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Coupang, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 65.33% lower within the past month. At present, Coupang, Inc. boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Coupang, Inc. is currently trading at a Forward P/E ratio of 236.31. For comparison, its industry has an average Forward P/E of 16.81, which means Coupang, Inc. is trading at a premium to the group.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 190, positioning it in the bottom 23% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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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