In the latest trading session, Coupang, Inc. (CPNG - Free Report) closed at $16, marking a +1.91% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.44%. Meanwhile, the Dow gained 1.26%, and the Nasdaq, a tech-heavy index, added 5.21%.
Heading into today, shares of the company had gained 12.14% over the past month, outpacing the Retail-Wholesale sector's gain of 2.17% and the S&P 500's gain of 2.28% in that time.
Coupang, Inc. will be looking to display strength as it nears its next earnings release. On that day, Coupang, Inc. is projected to report earnings of $0.14 per share, which would represent year-over-year growth of 216.67%. Meanwhile, our latest consensus estimate is calling for revenue of $5.63 billion, up 10.01% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.30 per share and revenue of $23.63 billion, which would represent changes of +700% and +14.83%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Coupang, Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Coupang, Inc. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Coupang, Inc. is currently trading at a Forward P/E ratio of 51.76. This represents a premium compared to its industry's average Forward P/E of 18.08.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 79, putting it in the top 32% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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In the latest trading session, Coupang, Inc. (CPNG - Free Report) closed at $16, marking a +1.91% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.44%. Meanwhile, the Dow gained 1.26%, and the Nasdaq, a tech-heavy index, added 5.21%.
Heading into today, shares of the company had gained 12.14% over the past month, outpacing the Retail-Wholesale sector's gain of 2.17% and the S&P 500's gain of 2.28% in that time.
Coupang, Inc. will be looking to display strength as it nears its next earnings release. On that day, Coupang, Inc. is projected to report earnings of $0.14 per share, which would represent year-over-year growth of 216.67%. Meanwhile, our latest consensus estimate is calling for revenue of $5.63 billion, up 10.01% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.30 per share and revenue of $23.63 billion, which would represent changes of +700% and +14.83%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Coupang, Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Coupang, Inc. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Coupang, Inc. is currently trading at a Forward P/E ratio of 51.76. This represents a premium compared to its industry's average Forward P/E of 18.08.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 79, putting it in the top 32% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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