Coupang, Inc. (CPNG) Suffers a Larger Drop Than the General Market: Key Insights

In the latest market close, Coupang, Inc. (CPNG) reached $23, with a -0.65% movement compared to the previous day. The stock's change was less than the S&P 500's daily loss of 0.47%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq depreciated by 0.51%.Heading into today, shares of the company had gained 5.32% over the past month, lagging the Retail-Wholesale sector's gain of 5.46% and outpacing the S&P 500's gain of 1.67% in that time.The investment community will be paying close attention to the earnings performance of Coupang, Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.01, showcasing a 112.5% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.21 billion, up 25.12% from the year-ago period.It's also important for investors to be aware of any recent modifications 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.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 10.38% lower within the past month. Coupang, Inc. currently has a Zacks Rank of #3 (Hold).In the context of valuation, Coupang, Inc. is at present trading with a Forward P/E ratio of 42.35. This expresses a premium compared to the average Forward P/E of 21.8 of its industry.It's also important to note that CPNG currently trades at a PEG ratio of 41.93. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 1.21.The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 71, this industry ranks in the top 29% of all industries, numbering over 250.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow CPNG in the coming trading sessions, be sure to utilize Zacks.com.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks