Coupang (CPNG) to Report Q1 Earnings: What’s in the Cards? – Investing.com
- Date: 11-May-2021
- Source: Investing.com
- Sector:Technology
- Country:Middle East
Coupang (CPNG) to Report Q1 Earnings: What’s in the Cards? – Investing.com
Coupang, Inc. CPNG is scheduled to report first-quarter 2021 results on May 12.
For the first quarter, the Zacks Consensus Estimate for revenuesis pegged at $4.23 billion.
Further, the Zacks Consensus Estimate for the bottom line is pegged at a loss of 16 cents per share, which has been unchanged over the past 30 days.
Coupang’s strength in its e-commerce business is likely to have continued to aid its performance in the to-be-reported quarter.
Moreover, the impacts of the company’s dominant position in the e-commerce market of South Korea are expected to get reflected in the first-quarter results.
Apart from these, increased online shopping, triggered by the pandemic, is expected to have acted as a major tailwind for the company in first-quarter 2021.