Why Coupang, Inc. (CPNG) Outpaced the Stock Market Today

In the latest trading session, Coupang, Inc. (CPNG) closed at $31.69, marking a +1.54% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.07%. Meanwhile, the Dow experienced a rise of 1.12%, and the technology-dominated Nasdaq saw an increase of 1.37%. The stock of company has fallen by 5.02% in the past month, leading the Retail-Wholesale sector's loss of 5.23% and undershooting the S&P 500's gain of 1.08%.The upcoming earnings release of Coupang, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $0.04, marking a 33.33% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $9.06 billion, indicating a 15.15% upward movement from the same quarter last year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.17 per share and revenue of $34.82 billion. These totals would mark changes of -22.73% and +15.03%, respectively, from last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Coupang, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. 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. The Zacks Consensus EPS estimate has moved 1.96% lower within the past month. Coupang, Inc. presently features a Zacks Rank of #3 (Hold). In terms of valuation, Coupang, Inc. is presently being traded at a Forward P/E ratio of 187.26. This denotes a premium relative to the industry average Forward P/E of 21.03. The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 24% of all 250+ industries. 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. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want 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