In the latest trading session, Coupang, Inc. (CPNG) closed at $28.95, marking a +2.01% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.11%. On the other hand, the Dow registered a gain of 1.19%, and the technology-centric Nasdaq increased by 1.43%.
Prior to today's trading, shares of the company had gained 3.39% outpaced the Retail-Wholesale sector's gain of 0.9% and lagged the S&P 500's gain of 3.92%.
Market participants will be closely following the financial results of Coupang, Inc. in its upcoming release. On that day, Coupang, Inc. is projected to report earnings of $0.07 per share, which would represent no growth from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $8.41 billion, up 14.83% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.3 per share and revenue of $34.75 billion, which would represent changes of +36.36% and +14.79%, respectively, from the prior 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 4.71% rise in the Zacks Consensus EPS estimate. Coupang, Inc. is currently a Zacks Rank #3 (Hold).
In the context of valuation, Coupang, Inc. is at present trading with a Forward P/E ratio of 95.66. Its industry sports an average Forward P/E of 25.14, so one might conclude that Coupang, Inc. is trading at a premium comparatively.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 96, placing it within the top 40% of over 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.
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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