Coupang (NYSE:CPNG – Get Free Report) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Coupang to post earnings of $0.05 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Coupang (NYSE:CPNG – Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the business posted $0.06 earnings per share. The company’s revenue was up 23.2% on a year-over-year basis. On average, analysts expect Coupang to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Coupang Trading Up 2.2 %
Shares of CPNG opened at $23.00 on Monday. The stock has a fifty day moving average price of $19.65 and a two-hundred day moving average price of $17.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. The company has a market cap of $41.25 billion, a price-to-earnings ratio of 30.67 and a beta of 1.13. Coupang has a 52-week low of $13.51 and a 52-week high of $23.40.
Insider Activity at Coupang
Wall Street Analysts Forecast Growth
Several research firms have weighed in on CPNG. Bank of America started coverage on shares of Coupang in a research report on Friday. They issued a “buy” rating and a $30.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and upped their price objective for the stock from $18.50 to $21.00 in a report on Thursday, February 29th. Barclays increased their price objective on Coupang from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Citigroup raised Coupang from a “neutral” rating to a “buy” rating and upped their price target for the company from $19.00 to $26.00 in a research note on Monday, April 15th. Finally, TheStreet upgraded Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coupang currently has an average rating of “Moderate Buy” and a consensus price target of $23.75.
Read Our Latest Stock Analysis on CPNG
Coupang Company Profile
Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.
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