Coupang Inc reports results for the quarter ended December 31 - Earnings Summary

• Coupang Inc CPNG.N reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of eight analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 1 cents to 4 cents per share.

• Revenue rose 16.3% to $8.84 billion from a year ago; analysts expected $9.05 billion.

• Coupang Inc's reported EPS for the quarter was 5 cents​.

• The company reported a quarterly loss of $26 million.

• Coupang Inc shares had fallen by 22.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 32.4% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the department stores peer group is also "buy"

• Wall Street's median 12-month price target for Coupang Inc is $31.00, about 39.6% above its last closing price of $18.71

This summary was machine generated from LSEG data February 27 at 01:13 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)