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Why Coupang, Inc. (CPNG) Dipped More Than Broader Market Today
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Coupang, Inc. (CPNG - Free Report) closed the most recent trading day at $14.21, moving -3.96% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 1.09%. At the same time, the Dow lost 0.34%, and the tech-heavy Nasdaq lost 2.15%.
Heading into today, shares of the company had gained 2.28% over the past month, lagging the Retail-Wholesale sector's gain of 3.71% and the S&P 500's gain of 2.44%.
The upcoming earnings release of Coupang, Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.23, reflecting a 560% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $9.75 billion, up 5.16% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.47 per share and revenue of $37.04 billion, indicating changes of -491.67% and +7.25%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Coupang, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.3% downward. Coupang, Inc. currently has a Zacks Rank of #3 (Hold).
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
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Why Coupang, Inc. (CPNG) Dipped More Than Broader Market Today
Coupang, Inc. (CPNG - Free Report) closed the most recent trading day at $14.21, moving -3.96% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 1.09%. At the same time, the Dow lost 0.34%, and the tech-heavy Nasdaq lost 2.15%.
Heading into today, shares of the company had gained 2.28% over the past month, lagging the Retail-Wholesale sector's gain of 3.71% and the S&P 500's gain of 2.44%.
The upcoming earnings release of Coupang, Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.23, reflecting a 560% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $9.75 billion, up 5.16% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.47 per share and revenue of $37.04 billion, indicating changes of -491.67% and +7.25%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Coupang, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.3% downward. Coupang, Inc. currently has a Zacks Rank of #3 (Hold).
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.