Coupang, Inc. (CPNG) closed the latest trading day at $24.01, indicating a +1.27% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.39%. At the same time, the Dow added 0.71%, and the tech-heavy Nasdaq gained 0.2%.
The company's shares have seen an increase of 4.22% over the last month, not keeping up with the Retail-Wholesale sector's gain of 8.29% and outstripping the S&P 500's gain of 1.7%.
The investment community will be closely monitoring the performance of Coupang, Inc. in its forthcoming earnings report. On that day, Coupang, Inc. is projected to report earnings of -$0.01 per share, which would represent a year-over-year decline of 112.5%. Alongside, our most recent consensus estimate is anticipating revenue of $8.21 billion, indicating a 25.12% upward movement from the same quarter last year.
Investors should also take note of any recent adjustments to analyst estimates for Coupang, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 10.38% decrease. Currently, Coupang, Inc. is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Coupang, Inc. is currently being traded at a Forward P/E ratio of 43.37. This denotes a premium relative to the industry's average Forward P/E of 20.55.
Meanwhile, CPNG's PEG ratio is currently 42.94. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Commerce industry held an average PEG ratio of 1.1.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 40, positioning it in the top 16% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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