Earnings Preview For Coupang

Coupang (NYSE:CPNG) is set to give its latest quarterly earnings report on Tuesday, 2024-11-05. Here's what investors need to know before the announcement.

Analysts estimate that Coupang will report an earnings per share (EPS) of $0.01.

The announcement from Coupang is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Historical Earnings Performance

The company's EPS beat by $0.06 in the last quarter, leading to a 2.61% increase in the share price on the following day.

Here's a look at Coupang's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.01

0.06

0.06

0.07

EPS Actual

0.07

0.05

0.08

0.05

Price Change %

3.0%

-9.0%

8.0%

-10.0%

Market Performance of Coupang's Stock

Shares of Coupang were trading at $25.4 as of November 01. Over the last 52-week period, shares are up 48.65%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about Coupang

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Coupang.

Analysts have given Coupang a total of 2 ratings, ...