Coupang, Inc. (CPNG) Outperforms Broader Market: What You Need to Know

In the latest close session, Coupang, Inc. (CPNG) was up +1.07% at $32.19. This move outpaced the S&P 500's daily gain of 0.59%. Elsewhere, the Dow saw an upswing of 0.65%, while the tech-heavy Nasdaq appreciated by 0.44%. Heading into today, shares of the company had gained 11.25% over the past month, outpacing the Retail-Wholesale sector's gain of 0.65% and the S&P 500's gain of 2.72%.Investors will be eagerly watching for the performance of Coupang, Inc. in its upcoming earnings disclosure. In that report, analysts expect Coupang, Inc. to post earnings of $0.04 per share. This would mark a year-over-year decline of 33.33%. Our most recent consensus estimate is calling for quarterly revenue of $9.06 billion, up 15.15% from the year-ago period. For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.17 per share and a revenue of $34.82 billion, signifying shifts of -22.73% and +15.03%, respectively, from the last year. It's also important for investors to be aware of any recent modifications to analyst estimates for Coupang, Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Coupang, Inc. holds a Zacks Rank of #4 (Sell). Looking at valuation, Coupang, Inc. is presently trading at a Forward P/E ratio of 187.35. This represents a premium compared to its industry average Forward P/E of 22.18. The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 28% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coupang, Inc. (CPNG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks