Coupang (CPNG) to Report Q1 Earnings: What’s in the Cards? – Investing.com

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.