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Coupang, Inc. (CPNG) Outperforms Broader Market: What You Need to Know
CPNGCoupang(CPNG) ZACKS·2024-09-17 23:06

Company Performance - Coupang, Inc. (CPNG) closed at 24.24,witha+1.2124.24, 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 7.79billion,up26.047.79 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]