Stock Story -
E-commerce marketplace Coupang (NYSE:CPNG) will be announcing earnings results tomorrow after the bell. Here's what investors should know.
Last quarter Coupang reported revenues of $6.18 billion, up 21.2% year on year, beating analyst revenue expectations by 4.2%. It was a mixed quarter for the company, with a decent beat of analysts' revenue estimates. On the other hand, EPS fell below expectations.
Is Coupang buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Coupang's revenue to grow 20.3% year on year to $6.41 billion, improving on the 4.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates five times over the last two years.
Looking at Coupang's peers in the online marketplace segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. MercadoLibre (NASDAQ:MELI) delivered top-line growth of 41.9% year on year, beating analyst estimates by 2.7% and Remitly (NASDAQ:RELY) reported revenues up 38.6% year on year, exceeding estimates by 1.3%. MercadoLibre traded down 8.1% on the results, and Remitly was up 11.6%.
Read the full analysis of MercadoLibre's and Remitly's results on StockStory.
Investors in the online marketplace segment have had steady hands going into the earnings, with the stocks down on average 1.3% over the last month. Coupang is up 12.9% during the same time, and is heading into the earnings with analyst price target of $20.8, compared to share price of $16.4.