Coupang, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Coupang, Inc. CPNG.N reported a quarterly adjusted loss of 18 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 six analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -4 cents to -2 cents per share.

• Revenue rose 7.5% to $9.96 billion from a year ago; analysts expected $9.70 billion.

• Coupang, Inc.'s reported EPS for the quarter was a loss of 28 cents​.

• The company reported a quarterly loss of $501 million.

• Coupang, Inc. shares had risen by 6.0% this quarter and lost 37.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 181.1% 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 13 "strong buy" or "buy," 3 "hold" and 1 "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 $23.00, about 33.8% above its last closing price of $15.23

This summary was machine generated from LSEG data November 3 at 10:43 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)