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Coupang, Inc. (CPNG) Stock Sinks As Market Gains: What You Should Know
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Coupang, Inc. (CPNG - Free Report) closed at $15.44 in the latest trading session, marking a -1.34% move from the prior day. This move lagged the S&P 500's daily gain of 1.15%. Meanwhile, the Dow gained 1.11%, and the Nasdaq, a tech-heavy index, added 11.35%.
Prior to today's trading, shares of the company had lost 7.45% over the past month. This has lagged the Retail-Wholesale sector's gain of 1.99% and the S&P 500's gain of 4.49% in that time.
Wall Street will be looking for positivity from Coupang, Inc. as it approaches its next earnings report date. In that report, analysts expect Coupang, Inc. to post earnings of $0.05 per share. This would mark year-over-year growth of 121.74%. Meanwhile, our latest consensus estimate is calling for revenue of $5.34 billion, up 5.13% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Coupang, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Coupang, Inc. is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Coupang, Inc. is currently trading at a Forward P/E ratio of 51.59. Its industry sports an average Forward P/E of 19.62, so we one might conclude that Coupang, Inc. is trading at a premium comparatively.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Coupang, Inc. (CPNG) Stock Sinks As Market Gains: What You Should Know
Coupang, Inc. (CPNG - Free Report) closed at $15.44 in the latest trading session, marking a -1.34% move from the prior day. This move lagged the S&P 500's daily gain of 1.15%. Meanwhile, the Dow gained 1.11%, and the Nasdaq, a tech-heavy index, added 11.35%.
Prior to today's trading, shares of the company had lost 7.45% over the past month. This has lagged the Retail-Wholesale sector's gain of 1.99% and the S&P 500's gain of 4.49% in that time.
Wall Street will be looking for positivity from Coupang, Inc. as it approaches its next earnings report date. In that report, analysts expect Coupang, Inc. to post earnings of $0.05 per share. This would mark year-over-year growth of 121.74%. Meanwhile, our latest consensus estimate is calling for revenue of $5.34 billion, up 5.13% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Coupang, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Coupang, Inc. is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Coupang, Inc. is currently trading at a Forward P/E ratio of 51.59. Its industry sports an average Forward P/E of 19.62, so we one might conclude that Coupang, Inc. is trading at a premium comparatively.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.