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Coupang (CPNG) To Report Earnings Tomorrow: Here Is What To Expect

CPNG Cover Image

E-commerce marketplace Coupang (NYSE:CPNG) will be reporting earnings tomorrow after market close. Here’s what to look for.

Coupang met analysts’ revenue expectations last quarter, reporting revenues of $7.32 billion, up 25.4% year on year. It was a mixed quarter for the company: Although Coupang beat analysts' EPS expectations, its number of customers and revenue missed Wall Street's estimates.

Is Coupang a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Coupang’s revenue to grow 25.1% year on year to $7.73 billion, improving from the 21.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share.

Coupang Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Coupang has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Coupang’s peers in the online retail segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Carvana delivered year-on-year revenue growth of 31.8%, beating analysts’ expectations by 5.3%, and Amazon reported revenues up 11%, topping estimates by 1%. Carvana traded up 19.2% following the results while Amazon was also up 6.3%.

Read our full analysis of Carvana’s results here and Amazon’s results here.

There has been positive sentiment among investors in the online retail segment, with share prices up 6% on average over the last month. Coupang is down 1.2% during the same time and is heading into earnings with an average analyst price target of $28.48 (compared to the current share price of $25.57).

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