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Coupang, Inc. (CPNG) Gains But Lags Market: What You Should Know
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Coupang, Inc. (CPNG - Free Report) closed the most recent trading day at $19.24, moving +0.21% from the previous trading session. This move lagged the S&P 500's daily gain of 1.17%. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 0.18%.
Prior to today's trading, shares of the company had lost 17.49% over the past month. This has lagged the Retail-Wholesale sector's gain of 1.14% and the S&P 500's gain of 0.88% 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 -$0.65 per share, which would represent year-over-year growth of 4.41%. Meanwhile, our latest consensus estimate is calling for revenue of $5.17 billion, up 22.82% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.55 per share and revenue of $22.61 billion. These totals would mark changes of +49.07% and +22.81%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Coupang, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 23.6% lower. Coupang, Inc. is currently sporting a Zacks Rank of #5 (Strong Sell).
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 240, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Coupang, Inc. (CPNG) Gains But Lags Market: What You Should Know
Coupang, Inc. (CPNG - Free Report) closed the most recent trading day at $19.24, moving +0.21% from the previous trading session. This move lagged the S&P 500's daily gain of 1.17%. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 0.18%.
Prior to today's trading, shares of the company had lost 17.49% over the past month. This has lagged the Retail-Wholesale sector's gain of 1.14% and the S&P 500's gain of 0.88% 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 -$0.65 per share, which would represent year-over-year growth of 4.41%. Meanwhile, our latest consensus estimate is calling for revenue of $5.17 billion, up 22.82% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.55 per share and revenue of $22.61 billion. These totals would mark changes of +49.07% and +22.81%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Coupang, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 23.6% lower. Coupang, Inc. is currently sporting a Zacks Rank of #5 (Strong Sell).
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 240, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.