Coupang, Inc. (CPNG) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.07, delivering a surprise of 600%.Over the last four quarters, the company has su ...

Revenue Growth - Net revenues of $7.9 billion, up 27% YoY and 32% on an FX-neutral basis[2] - Developing Offerings segment net revenues were $975 million, up 347% YoY on a reported basis and 356% on an FX-neutral basis[3] - Product Commerce segment net revenues were $6.9 billion, up 16% YoY on a reported basis and 20% on an FX-neutral basis[3] - Net retail sales for Q3 2024 increased to $6,140 million, up 15.5% from $5,315 million in Q3 2023[14] - Total net revenues for Q3 2024 reached $7,866 million, a 27.2% increase from $6,184 million in Q3 2023[14] - Total net revenues for Q3 2024 were $7.866 billion, representing a 27% year-over-year growth, and 32% on a constant currency basis[26] - Net retail sales grew 16% year-over-year to $6.140 billion in Q3 2024, and 20% on a constant currency basis[26] - Net other revenue surged 99% year-over-year to $1.726 billion in Q3 2024, and 105% on a constant currency basis[26] - Consolidated total net revenues including Farfetch reached $7,866 million, with a year-over-year growth of 27% on a reported basis and 32% on a constant currency basis[35] - Total net revenues excluding Farfetch were $7,427 million, showing a year-over-year growth of 20% on a reported basis and 25% on a constant currency basis[35] - Developing offerings net revenues excluding Farfetch were $536 million, reflecting a year-over-year growth of 146% on a reported basis and 155% on a constant currency basis[39] Profitability - Gross profit increased 45% YoY to $2.3 billion, with a gross profit margin of 28.8%, up 350 bps YoY[3] - Adjusted EBITDA for the quarter was $343 million with a margin of 4.4%, up 50 bps from last year[3] - Product Commerce segment gross profit margin improved to 30.0% in Q3 2024 from 27.1% in Q3 2023[30] - Developing Offerings segment gross profit margin turned positive at 20.6% in Q3 2024, compared to -24.6% in Q3 2023[30] - Adjusted EBITDA for Q3 2024 was $343 million, with an Adjusted EBITDA margin of 4.4%, up from 3.9% in Q3 2023[29] - Gross profit excluding Farfetch was $2,086 million, with a gross profit margin of 28.1%, up from 25.3% in the previous year[36] - Adjusted EBITDA excluding Farfetch stood at $345 million, with an adjusted EBITDA margin of 4.6%, compared to 3.9% in the previous year[37] Customer Metrics - Product Commerce Active Customers reached 22.5 million, growing 11% YoY[3] - Product Commerce Active Customers grew to 22.5 million in Q3 2024, an 11% increase from 20.2 million in Q3 2023[22] - Net revenues per Product Commerce Active Customer rose to $307 in Q3 2024, up 4% from $296 in Q3 2023[22] Cash Flow and Financial Position - Operating cash flow for the trailing twelve months was $1.8 billion, a decrease of $805 million YoY[3] - Free cash flow was $935 million for the trailing twelve months, a decrease of $920 million YoY[3] - Cash and cash equivalents increased to $5,822 million as of September 30, 2024, up from $5,243 million at the end of 2023[16] - Total assets grew to $16,342 million as of September 30, 2024, compared to $13,346 million at the end of 2023[16] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $1,210 million, down from $2,043 million in the same period of 2023[18] - Purchases of property and equipment for the nine months ended September 30, 2024, totaled $665 million, slightly up from $662 million in the same period of 2023[18] - Long-term debt increased to $1,194 million as of September 30, 2024, up from $529 million at the end of 2023[16] - Outstanding common stock and equity-based awards totaled 1,875 million as of September 30, 2024, up from 1,850 million at the end of 2023[19] - Free cash flow for Q3 2024 was -$42 million, compared to $536 million in Q3 2023[27] Net Income and Earnings - Net income attributable to Coupang stockholders was $70 million, a decrease of $21 million from last year[3] - Developing Offerings segment adjusted EBITDA was negative $127 million, a decrease of $34 million YoY and $73 million QoQ[3] - Adjusted net income attributable to Coupang stockholders was $108 million in Q3 2024, up from $91 million in Q3 2023[31] - Adjusted diluted earnings per share increased to $0.06 in Q3 2024 from $0.05 in Q3 2023[32] Segment Performance - Product Commerce segment net revenues were $6.9 billion, up 16% YoY on a reported basis and 20% on an FX-neutral basis[3] - Developing Offerings segment net revenues were $975 million, up 347% YoY on a reported basis and 356% on an FX-neutral basis[3] - Developing Offerings segment adjusted EBITDA was negative $127 million, a decrease of $34 million YoY and $73 million QoQ[3] - Product Commerce segment gross profit margin improved to 30.0% in Q3 2024 from 27.1% in Q3 2023[30] - Developing Offerings segment gross profit margin turned positive at 20.6% in Q3 2024, compared to -24.6% in Q3 2023[30] - Developing offerings net revenues excluding Farfetch were $536 million, reflecting a year-over-year growth of 146% on a reported basis and 155% on a constant currency basis[39]

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 recommendation ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

Coupang, Inc. (CPNG) closed the latest trading day at $25.05, indicating a -0.32% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.18%. On the other hand, the Dow registered a loss of 0.8%, and the technology-centric Nasdaq increased by 0.27%.Heading into today, shares of the company had gained 2.24% over the past month, lagging the Retail-Wholesale sector's gain of 3.95% and the S&P 500's gain of 4.46% in that time.The investment community will be close ...

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 (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) 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 ...

The company is very dominant in its home market. In this video, I will be talking about Coupang (CPNG -0.44%), which has been referred to as the "South Korean Amazon." Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Sept. 25, 2024. The video was published on Sept. 27, 2024. ...

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 ...