We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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, Inc. (CPNG) Falls More Steeply Than Broader Market: What Investors Need to Know
Read MoreHide Full Article
Coupang, Inc. (CPNG - Free Report) closed at $15.28 in the latest trading session, marking a -3.41% move from the prior day. This move lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, lost 0.44%.
The company's shares have seen an increase of 4.63% over the last month, surpassing the Retail-Wholesale sector's gain of 1.66% and the S&P 500's gain of 2.36%.
Analysts and investors alike will be keeping a close eye on the performance of Coupang, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.23, indicating a 560% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $9.75 billion, reflecting a 5.16% rise from the equivalent quarter last year.
CPNG's full-year Zacks Consensus Estimates are calling for earnings of -$0.46 per share and revenue of $37.04 billion. These results would represent year-over-year changes of -483.33% and +7.25%, respectively.
Investors should also note any recent changes to analyst estimates for Coupang, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Coupang, Inc. currently has a Zacks Rank of #4 (Sell).
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 42% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Coupang, Inc. (CPNG) Falls More Steeply Than Broader Market: What Investors Need to Know
Coupang, Inc. (CPNG - Free Report) closed at $15.28 in the latest trading session, marking a -3.41% move from the prior day. This move lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, lost 0.44%.
The company's shares have seen an increase of 4.63% over the last month, surpassing the Retail-Wholesale sector's gain of 1.66% and the S&P 500's gain of 2.36%.
Analysts and investors alike will be keeping a close eye on the performance of Coupang, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.23, indicating a 560% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $9.75 billion, reflecting a 5.16% rise from the equivalent quarter last year.
CPNG's full-year Zacks Consensus Estimates are calling for earnings of -$0.46 per share and revenue of $37.04 billion. These results would represent year-over-year changes of -483.33% and +7.25%, respectively.
Investors should also note any recent changes to analyst estimates for Coupang, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Coupang, Inc. currently has a Zacks Rank of #4 (Sell).
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 42% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.