We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Coupang (CPNG) to Report Q3 Earnings: What's in the Cards?
Read MoreHide Full Article
Coupang, Inc. (CPNG - Free Report) is scheduled to report third-quarter 2021 results on Nov 11.
For the third quarter, the Zacks Consensus Estimate for revenues is pegged at $4.65 billion.
Further, the Zacks Consensus Estimate for the bottom line is pegged at a loss of 10 cents per share, narrower than a loss of 12 cents per share mentioned over the past 30 days.
Factors at Play
Coupang’s strength in its e-commerce business is expected to have continued to aid its performance in the to-be-reported quarter.
The impacts of the company’s dominant position in the e-commerce market of South Korea are expected to get reflected in the third-quarter results.
The coronavirus-led social-distancing protocol and shelter-at-place restrictions, which have boosted the demand for door-to-door delivery of essentials as well as other items, are likely to have continued driving the customer momentum of Coupang in the quarter under discussion.
Increasing online orders for groceries, medicines and other essential items, as people refrain from stepping outside their homes due to fears of contracting the deadly virus, are likely to have aided the company’s third-quarter performance.
The growing proliferation of Internet usage and ultrafast delivery services is anticipated to have aided growth in Coupang’s logistics business, Rocket Delivery, in the to-be-reported quarter.
Strengthening momentum across the company’s fresh grocery offerings and food delivery offering — Rocket fresh and Coupang eats, respectively — is expected to have aided the company’s third-quarter performance.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Coupang this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Jumia Technologies has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks to Consider
Here are some stocks that you may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
BellRing Brands (BRBR - Free Report) has an Earnings ESP of +14.11% and a Zacks Rank of 2 at present.
Central Garden & Pet (CENT - Free Report) currently has an Earnings ESP of +22.22% and a Zacks Rank of 2.
Image: Bigstock
Coupang (CPNG) to Report Q3 Earnings: What's in the Cards?
Coupang, Inc. (CPNG - Free Report) is scheduled to report third-quarter 2021 results on Nov 11.
For the third quarter, the Zacks Consensus Estimate for revenues is pegged at $4.65 billion.
Further, the Zacks Consensus Estimate for the bottom line is pegged at a loss of 10 cents per share, narrower than a loss of 12 cents per share mentioned over the past 30 days.
Factors at Play
Coupang’s strength in its e-commerce business is expected to have continued to aid its performance in the to-be-reported quarter.
Coupang, Inc. Price and EPS Surprise
Coupang, Inc. price-eps-surprise | Coupang, Inc. Quote
The impacts of the company’s dominant position in the e-commerce market of South Korea are expected to get reflected in the third-quarter results.
The coronavirus-led social-distancing protocol and shelter-at-place restrictions, which have boosted the demand for door-to-door delivery of essentials as well as other items, are likely to have continued driving the customer momentum of Coupang in the quarter under discussion.
Increasing online orders for groceries, medicines and other essential items, as people refrain from stepping outside their homes due to fears of contracting the deadly virus, are likely to have aided the company’s third-quarter performance.
The growing proliferation of Internet usage and ultrafast delivery services is anticipated to have aided growth in Coupang’s logistics business, Rocket Delivery, in the to-be-reported quarter.
Strengthening momentum across the company’s fresh grocery offerings and food delivery offering — Rocket fresh and Coupang eats, respectively — is expected to have aided the company’s third-quarter performance.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Coupang this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Jumia Technologies has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks to Consider
Here are some stocks that you may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
BellRing Brands (BRBR - Free Report) has an Earnings ESP of +14.11% and a Zacks Rank of 2 at present.
Central Garden & Pet (CENT - Free Report) currently has an Earnings ESP of +22.22% and a Zacks Rank of 2.
Diana Shipping (DSX - Free Report) has an Earnings ESP of +5.88% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.