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Coupang (CPNG) to Report Q3 Earnings: What's in the Cards?
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Coupang, Inc. (CPNG - Free Report) is scheduled to report third-quarter 2022 results on Nov 9.
For the third quarter, the Zacks Consensus Estimate for revenues is pegged at $5.15 billion, reflecting 10.9% growth from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for the bottom line is pegged at a loss of 3 cents per share, indicating an improvement from the loss of 19 cents per share reported in the year-ago quarter.
Coupang’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed the same on the other two occasions, the average surprise being 9.6%.
Coupang’s strength in its e-commerce business is likely to have continued aiding its performance in the to-be-reported quarter.
CPNG’s dominant position in the e-commerce market of South Korea is expected to be reflected in the third-quarter results.
Rising customer spending, and an increasing number of small and medium merchants on Coupang’s platform, are expected to have steadily driven its e-commerce business growth.
The growing proliferation of Internet usage and ultrafast delivery services are anticipated to have boosted Coupang’s logistics business, namely Rocket Delivery, in the to-be-reported quarter.
Moreover, CPNG’s rising investments in free Rocket shipping, exclusive discount offerings and free video content for WOW members are expected to have benefited its September-quarter performance.
Coupang’s expanding Fresh offering and strengthening infrastructure facilities for the same are anticipated to contribute well to the upcoming results. Increasing demand for Fresh is likely to have driven CPNG’s top line.
Solid momentum across Coupang Eats is expected to have been another positive.
However, a slowdown in online food ordering and delivery in this post-COVID scenario is expected to have hurt the prospects of Coupang Eats in the quarter under review.
Further, mounting expenses associated with the fulfillment network expansion and the quick delivery of orders are likely to get reflected in the third-quarter results.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Coupang this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here, as you see below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Coupang has an Earnings ESP of 0.00% and a Zacks Rank #2.
Stocks to Consider
Here are some stocks that you may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
US Foods is set to report third-quarter 2022 results on Nov 10. The Zacks Consensus Estimate for USFD’s earnings is pegged at 59 cents per share, suggesting an increase of 22.9% from the prior-year period’s reported figure.
The Trade Desk (TTD - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank of 2 at present.
The Trade Desk is scheduled to release third-quarter 2022 results on Nov 9. The Zacks Consensus Estimate for TTD’s earnings is pegged at 24 cents per share, suggesting an increase of 33.3% from the prior-year quarter’s reported figure.
Tencent Music Entertainment Group (TME - Free Report) has an Earnings ESP of +4.76% and a Zacks Rank of 2 at present.
Tencent Music is scheduled to release third-quarter 2022 results on Nov 15. The Zacks Consensus Estimate for TME’s earnings is pegged at 11 cents per share, suggesting an increase of 22.2% from the prior-year quarter’s reported figure.
Image: Bigstock
Coupang (CPNG) to Report Q3 Earnings: What's in the Cards?
Coupang, Inc. (CPNG - Free Report) is scheduled to report third-quarter 2022 results on Nov 9.
For the third quarter, the Zacks Consensus Estimate for revenues is pegged at $5.15 billion, reflecting 10.9% growth from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for the bottom line is pegged at a loss of 3 cents per share, indicating an improvement from the loss of 19 cents per share reported in the year-ago quarter.
Coupang’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed the same on the other two occasions, the average surprise being 9.6%.
Coupang, Inc. Price and EPS Surprise
Coupang, Inc. price-eps-surprise | Coupang, Inc. Quote
Factors at Play
Coupang’s strength in its e-commerce business is likely to have continued aiding its performance in the to-be-reported quarter.
CPNG’s dominant position in the e-commerce market of South Korea is expected to be reflected in the third-quarter results.
Rising customer spending, and an increasing number of small and medium merchants on Coupang’s platform, are expected to have steadily driven its e-commerce business growth.
The growing proliferation of Internet usage and ultrafast delivery services are anticipated to have boosted Coupang’s logistics business, namely Rocket Delivery, in the to-be-reported quarter.
Moreover, CPNG’s rising investments in free Rocket shipping, exclusive discount offerings and free video content for WOW members are expected to have benefited its September-quarter performance.
Coupang’s expanding Fresh offering and strengthening infrastructure facilities for the same are anticipated to contribute well to the upcoming results. Increasing demand for Fresh is likely to have driven CPNG’s top line.
Solid momentum across Coupang Eats is expected to have been another positive.
However, a slowdown in online food ordering and delivery in this post-COVID scenario is expected to have hurt the prospects of Coupang Eats in the quarter under review.
Further, mounting expenses associated with the fulfillment network expansion and the quick delivery of orders are likely to get reflected in the third-quarter results.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Coupang this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here, as you see below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Coupang has an Earnings ESP of 0.00% and a Zacks Rank #2.
Stocks to Consider
Here are some stocks that you may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
US Foods (USFD - Free Report) has an Earnings ESP of +4.58% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
US Foods is set to report third-quarter 2022 results on Nov 10. The Zacks Consensus Estimate for USFD’s earnings is pegged at 59 cents per share, suggesting an increase of 22.9% from the prior-year period’s reported figure.
The Trade Desk (TTD - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank of 2 at present.
The Trade Desk is scheduled to release third-quarter 2022 results on Nov 9. The Zacks Consensus Estimate for TTD’s earnings is pegged at 24 cents per share, suggesting an increase of 33.3% from the prior-year quarter’s reported figure.
Tencent Music Entertainment Group (TME - Free Report) has an Earnings ESP of +4.76% and a Zacks Rank of 2 at present.
Tencent Music is scheduled to release third-quarter 2022 results on Nov 15. The Zacks Consensus Estimate for TME’s earnings is pegged at 11 cents per share, suggesting an increase of 22.2% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.