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

• Coupang Inc CPNG.N reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of six analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 3 cents to 6 cents per share.

• Revenue rose 11.2% to $7.91 billion from a year ago; analysts expected $8.06 billion.

• Coupang Inc's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $107 million.

• Coupang Inc shares had risen by 9.4% this quarter and gained 9.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 44.7% 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 13 "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 $29.50

This summary was machine generated from LSEG data May 6 at 11:26 p.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)