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Why Coupang, Inc. (CPNG) Dipped More Than Broader Market Today
ZACKS· 2024-10-21 23:06
Company Performance - Coupang, Inc. closed at $25.05, reflecting a -0.32% change from the previous session, which is less than the S&P 500's daily loss of 0.18% [1] - Over the past month, Coupang's shares gained 2.24%, underperforming the Retail-Wholesale sector's gain of 3.95% and the S&P 500's gain of 4.46% [1] - The upcoming earnings report projects an EPS of $0.02, indicating a 60% decline compared to the same quarter last year, while revenue is estimated at $7.79 billion, a 26.04% increase year-over-year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at -$0.02 per share and revenue at $30.57 billion, representing changes of -107.69% and +25.36% from the prior year [2] - Recent revisions in analyst estimates reflect near-term business trends, with upward revisions indicating analysts' positivity towards the company's operations [2] Zacks Rank and Valuation - Coupang, Inc. currently holds a Zacks Rank of 4 (Sell), with the Zacks Rank system showing a track record of outperforming [3] - The company has a Forward P/E ratio of 186.15, significantly higher than the industry average of 23.63, indicating it is trading at a premium [3] - Coupang's PEG ratio stands at 184.3, compared to the Internet - Commerce industry's average PEG ratio of 1.05 [3] Industry Overview - The Internet - Commerce industry is part of the Retail-Wholesale sector and currently holds a Zacks Industry Rank of 70, placing it in the top 28% of all industries [4] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]
JD or CPNG: Which Is the Better Value Stock Right Now?
ZACKS· 2024-10-09 16:48
Investors interested in stocks from the Internet - Commerce sector have probably already heard of JD.com, Inc. (JD) and Coupang, Inc. (CPNG) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an ...
Coupang Surges on Multiple Upgrades and Promising Growth Trends
GuruFocus· 2024-10-07 20:14
Coupang (CPNG, Financial) surged by 5% to reach multi-year highs after receiving a double upgrade from Bernstein, moving from "Underperform" to "Outperform." This upgrade follows four additional upgrades from other brokerages in 2024. The South Korean e-commerce giant, often compared to Amazon (AMZN, Financial), has experienced a significant rebound this year after a prolonged correction post-IPO in 2021. CPNG has risen over 60% year-todate, driven by strong quarterly performance. Despite a brief decline af ...
Coupang, Inc. (CPNG) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-10-02 23:06
Coupang, Inc. (CPNG) closed the latest trading day at $24.19, indicating a -0.98% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.08%. Heading into today, shares of the company had gained 11.05% over the past month, outpacing the RetailWholesale sector's gain of 5.59% and the S&P 500's gain of 1.21% in that time. The investment community will be closely monitoring the pe ...
Billionaire Investor Stanley Druckenmiller Is Betting Over $275 Million on the Long-Term Potential of This Growth Stock
The Motley Fool· 2024-09-28 07:10
Group 1 - The company is referred to as the "South Korean Amazon" indicating its significant presence in the e-commerce sector [1] - The company is very dominant in its home market, showcasing its competitive advantage [1]
Here is What to Know Beyond Why Coupang, Inc. (CPNG) is a Trending Stock
ZACKS· 2024-09-27 14:03
Coupang, Inc. (CPNG) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this company have returned +13.1% over the past month versus the Zacks S&P 500 composite's +2.4% change. The Zacks Internet - Commerce industry, to which Coupang belongs, has gained 11.1% over this period. Now the key question is: Where could the stock be headed in the near term? While media releases ...
Wall Street Analysts Think Coupang (CPNG) Is a Good Investment: Is It?
ZACKS· 2024-09-26 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Coupang, Inc. (CPNG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Coupang currently has an average brokerage recommendatio ...
Coupang, Inc. (CPNG) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-09-20 22:56
In the latest market close, Coupang, Inc. (CPNG) reached $24.58, with a +1.57% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.19%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.36%. Coming into today, shares of the company had gained 5.26% in the past month. In that same time, the RetailWholesale sector gained 4.7%, while the S&P 500 gained 2.06%. The upcoming earnings release of Coupang, Inc. will be of great ...
Coupang, Inc. (CPNG) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-09-17 23:06
Company Performance - Coupang, Inc. (CPNG) closed at $24.24, with a +1.21% change from the previous day's closing price, outperforming the S&P 500 which gained 0.03% [1] - The company is expected to report an EPS of $0.02, reflecting a 60% decrease from the same quarter last year, with a forecasted quarterly revenue of $7.79 billion, up 26.04% year-over-year [2] - For the annual period, earnings are anticipated to be -$0.02 per share, with revenue projected at $30.57 billion, indicating a -107.69% change in earnings and a +25.36% change in revenue from the previous year [3] Analyst Estimates and Rankings - Recent estimate revisions are crucial for investors, as they reflect near-term business trends and analysts' confidence in the company's performance [3][4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Coupang, Inc. at 3 (Hold) [5] - Over the last 30 days, the Zacks Consensus EPS estimate has decreased by 15.63% [5] Valuation Metrics - Coupang, Inc. has a Forward P/E ratio of 177.41, significantly higher than the industry average of 22.55, indicating a premium valuation [6] - The company also has a PEG ratio of 175.65, compared to the Internet - Commerce industry average of 1.21, suggesting a high valuation relative to expected earnings growth [7] Industry Context - The Internet - Commerce industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 48, placing it in the top 19% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Is Trending Stock Coupang, Inc. (CPNG) a Buy Now?
ZACKS· 2024-09-16 14:00
Coupang, Inc. (CPNG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this company have returned +6.7%, compared to the Zacks S&P 500 composite's +3.7% change. During this period, the Zacks Internet - Commerce industry, which Coupang falls in, has gained 8.8%. The key question now is: What could be the stock's future direction? Althou ...