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 Release Q4 Earnings: What's in the Offing?
Read MoreHide Full Article
Coupang, Inc. (CPNG - Free Report) is scheduled to report fourth-quarter 2022 results on Feb 28.
For the fourth quarter, the Zacks Consensus Estimate for revenues is pegged at $5.34 billion, indicating growth of 5.1% from the year-ago reported figure.
The Zacks Consensus Estimate for earnings is pegged at 5 cents per share. The company reported a loss of 23 cents per share reported in the prior-year quarter.
The company’s bottom line beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing it once, delivering an earnings surprise of 98.7%, on average.
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 fourth-quarter results.
Increasing demand for door-to-door delivery of essentials and other items is likely to have continued driving the customer momentum of Coupang in the quarter under discussion.
The growing momentum across the company’s fresh grocery offering and food delivery offering, Rocket Fresh and Coupang Eats, respectively, is expected to have aided the company’s fourth-quarter performance.
Strengthening momentum across the company’s Product Commerce and Developing Offerings is anticipated to have driven Coupang’s top-line growth in the quarter to be reported.
The growing proliferation of Internet use and ultra-fast delivery services is anticipated to have aided growth in Coupang’s logistics business, Rocket Delivery, in the quarter under discussion.
The company’s strong efforts toward operational efficiency, supply-chain optimization and scaling of merchant services are likely to have aided its fourth-quarter performance.
However, uncertainties related to the ongoing coronavirus pandemic, supply-chain constraints, productivity declines and underutilized capacities are expected to have been headwinds for the company in the quarter under review.
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.
Coupang has an Earnings ESP of 0.00% and currently carries a Zacks Rank #3.
Stocks to Consider
Here are some stocks that you may consider, as our model shows that they have the right combination of elements to beat on earnings this season.
CrowdStrike is scheduled to release its fourth-quarter fiscal 2023 results on Mar 7. The Zacks Consensus Estimate for CRWD’s earnings is pegged at 43 cents per share, suggesting an increase of 43.3% from the prior-year quarter’s reported figure.
Axonics (AXNX - Free Report) has an Earnings ESP of +31.03% and a Zacks Rank #3 at present.
Axonics is set to report its fourth-quarter 2022 results on Mar 1. The Zacks Consensus Estimate for AXNX’s loss is pegged at 23 cents per share, narrower than the loss of 34 cents reported in the year-ago quarter.
Broadcom (AVGO - Free Report) ESP of +1.36% and a Zacks Rank #3 at present.
Broadcom is scheduled to release its first-quarter fiscal 2023 results on Mar 2. The Zacks Consensus Estimate for AVGO’s earnings is pegged at $10.16 per share, suggesting an increase of 21.1% from the prior-year period’s reported figure.
Image: Bigstock
Coupang (CPNG) to Release Q4 Earnings: What's in the Offing?
Coupang, Inc. (CPNG - Free Report) is scheduled to report fourth-quarter 2022 results on Feb 28.
For the fourth quarter, the Zacks Consensus Estimate for revenues is pegged at $5.34 billion, indicating growth of 5.1% from the year-ago reported figure.
The Zacks Consensus Estimate for earnings is pegged at 5 cents per share. The company reported a loss of 23 cents per share reported in the prior-year quarter.
The company’s bottom line beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing it once, delivering an earnings surprise of 98.7%, on average.
Coupang, Inc. Price and EPS Surprise
Coupang, Inc. price-eps-surprise | Coupang, Inc. Quote
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 fourth-quarter results.
Increasing demand for door-to-door delivery of essentials and other items is likely to have continued driving the customer momentum of Coupang in the quarter under discussion.
The growing momentum across the company’s fresh grocery offering and food delivery offering, Rocket Fresh and Coupang Eats, respectively, is expected to have aided the company’s fourth-quarter performance.
Strengthening momentum across the company’s Product Commerce and Developing Offerings is anticipated to have driven Coupang’s top-line growth in the quarter to be reported.
The growing proliferation of Internet use and ultra-fast delivery services is anticipated to have aided growth in Coupang’s logistics business, Rocket Delivery, in the quarter under discussion.
The company’s strong efforts toward operational efficiency, supply-chain optimization and scaling of merchant services are likely to have aided its fourth-quarter performance.
However, uncertainties related to the ongoing coronavirus pandemic, supply-chain constraints, productivity declines and underutilized capacities are expected to have been headwinds for the company in the quarter under review.
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.
Coupang has an Earnings ESP of 0.00% and currently carries a Zacks Rank #3.
Stocks to Consider
Here are some stocks that you may consider, as our model shows that they have the right combination of elements to beat on earnings this season.
CrowdStrike (CRWD - Free Report) has an Earnings ESP of +2.33% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
CrowdStrike is scheduled to release its fourth-quarter fiscal 2023 results on Mar 7. The Zacks Consensus Estimate for CRWD’s earnings is pegged at 43 cents per share, suggesting an increase of 43.3% from the prior-year quarter’s reported figure.
Axonics (AXNX - Free Report) has an Earnings ESP of +31.03% and a Zacks Rank #3 at present.
Axonics is set to report its fourth-quarter 2022 results on Mar 1. The Zacks Consensus Estimate for AXNX’s loss is pegged at 23 cents per share, narrower than the loss of 34 cents reported in the year-ago quarter.
Broadcom (AVGO - Free Report) ESP of +1.36% and a Zacks Rank #3 at present.
Broadcom is scheduled to release its first-quarter fiscal 2023 results on Mar 2. The Zacks Consensus Estimate for AVGO’s earnings is pegged at $10.16 per share, suggesting an increase of 21.1% from the prior-year period’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.