Coupang, Inc. (CPNG) Gains As Market Dips: What You Should Know
Coupang, Inc. (CPNG) closed at $15.81 in the latest trading session, marking a +1.15% move from the prior day. This change outpaced the S&P 500's 1.17% loss on the day. Meanwhile, the Dow lost 1.02%, and the Nasdaq, a tech-heavy index, lost 2.45%.
Heading into today, shares of the company had lost 13.74% over the past month, lagging the Retail-Wholesale sector's loss of 4.27% and the S&P 500's loss of 5.25% in that time.
Wall Street will be looking for positivity from Coupang, Inc. as it approaches its next earnings report date. The company is expected to report EPS of $0.05, up 121.74% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.34 billion, up 5.13% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Coupang, Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Coupang, Inc. is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Coupang, Inc. has a Forward P/E ratio of 51.53 right now. Its industry sports an average Forward P/E of 18.37, so we one might conclude that Coupang, Inc. is trading at a premium comparatively.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Coupang, Inc. (CPNG) : Free Stock Analysis Report
