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Coupang, Inc. (CPNG) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, Coupang, Inc. (CPNG - Free Report) was up +2.21% at $21.25. The stock outperformed the S&P 500, which registered a daily gain of 0.26%. Meanwhile, the Dow experienced a rise of 0.6%, and the technology-dominated Nasdaq saw an increase of 0.25%.
The company's stock has dropped by 8.49% in the past month, falling short of the Retail-Wholesale sector's gain of 3.96% and the S&P 500's gain of 1.57%.
The investment community will be closely monitoring the performance of Coupang, Inc. in its forthcoming earnings report. In that report, analysts expect Coupang, Inc. to post earnings of $0.03 per share. This would mark a year-over-year decline of 25%. Alongside, our most recent consensus estimate is anticipating revenue of $9.27 billion, indicating a 16.42% upward movement from the same quarter last year.
CPNG's full-year Zacks Consensus Estimates are calling for earnings of $0.16 per share and revenue of $34.97 billion. These results would represent year-over-year changes of -27.27% and 0%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Coupang, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. Coupang, Inc. presently features a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Coupang, Inc. has a Forward P/E ratio of 83.16 right now. This represents a premium compared to its industry average Forward P/E of 17.27.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 174, this industry ranks in the bottom 29% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Coupang, Inc. (CPNG) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, Coupang, Inc. (CPNG - Free Report) was up +2.21% at $21.25. The stock outperformed the S&P 500, which registered a daily gain of 0.26%. Meanwhile, the Dow experienced a rise of 0.6%, and the technology-dominated Nasdaq saw an increase of 0.25%.
The company's stock has dropped by 8.49% in the past month, falling short of the Retail-Wholesale sector's gain of 3.96% and the S&P 500's gain of 1.57%.
The investment community will be closely monitoring the performance of Coupang, Inc. in its forthcoming earnings report. In that report, analysts expect Coupang, Inc. to post earnings of $0.03 per share. This would mark a year-over-year decline of 25%. Alongside, our most recent consensus estimate is anticipating revenue of $9.27 billion, indicating a 16.42% upward movement from the same quarter last year.
CPNG's full-year Zacks Consensus Estimates are calling for earnings of $0.16 per share and revenue of $34.97 billion. These results would represent year-over-year changes of -27.27% and 0%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Coupang, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. Coupang, Inc. presently features a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Coupang, Inc. has a Forward P/E ratio of 83.16 right now. This represents a premium compared to its industry average Forward P/E of 17.27.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 174, this industry ranks in the bottom 29% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.