Coupang, Inc. (CPNG) Stock Drops Despite Market Gains: Important Facts to Note

Coupang, Inc. (CPNG) closed the most recent trading day at $29.96, moving -2.76% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.52% for the day. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq added 0.48%.

The company's shares have seen an increase of 9.84% over the last month, surpassing the Retail-Wholesale sector's gain of 2.65% and the S&P 500's gain of 4.27%.

Invest in Gold

American Hartford Gold: #1 Precious Metals Dealer in the Nation

Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase

Thor Metals Group: Best Overall Gold IRA

Investors will be eagerly watching for the performance of Coupang, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.07, signifying steadiness compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $8.41 billion, indicating a 14.83% growth compared to the corresponding quarter of the prior year.

For the full year, the Zacks Consensus Estimates project earnings of $0.3 per share and a revenue of $34.75 billion, demonstrating changes of +36.36% and +14.79%, respectively, from the preceding year.

Investors should also note any recent changes to analyst estimates for Coupang, Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.49% increase. Coupang, Inc. is holding a Zacks Rank of #3 (Hold) right now.

Looking at valuation, Coupang, Inc. is presently trading at a Forward P/E ratio of 103.85. This signifies a premium in comparison to the average Forward P/E of 24.95 for its industry.

The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 58, finds itself in the top 24% echelons of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Coupang, Inc. (CPNG) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research