Coupang(US:CPNG) ZACKSยท2024-08-06 23:31Core Viewpoint - Coupang, Inc. reported quarterly earnings of $0.07 per share, significantly exceeding the Zacks Consensus Estimate of $0.01 per share, marking a 600% earnings surprise [1] - The company also posted revenues of $7.32 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.43% and showing a year-over-year increase from $5.84 billion [2] Financial Performance - Coupang's earnings for the previous year were $0.08 per share, indicating a slight decline in earnings year-over-year [1] - The company has surpassed consensus EPS estimates two times over the last four quarters and has topped revenue estimates four times in the same period [2] Stock Performance - Coupang shares have increased approximately 25.7% since the beginning of the year, outperforming the S&P 500's gain of 8.7% [3] - The current Zacks Rank for Coupang is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.01 on revenues of $7.72 billion, and for the current fiscal year, it is also $0.01 on revenues of $30.3 billion [7] - The Internet - Commerce industry, to which Coupang belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]