* Coupang Inc reported quarterly adjusted earnings of 4 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of eight analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 2 cents per share.
* Revenue rose 27.2% to $7.87 billion from a year ago; analysts expected $7.76 billion.
* Coupang Inc's reported EPS for the quarter was 4 cents.
* The company reported quarterly net income of $70 million.
* Coupang Inc shares had risen by 4.7% this quarter and gained 58.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 8.2% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 2 "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 $29.00 This summary was machine generated from LSEG data November 6 at 04:42 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.01 0.04 Beat
Jun. 30 2024 -0.01 0.03 Beat
Mar. 31 2024 0.06 0.05 Missed
Dec. 31 2023 0.06 0.08 Beat
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