Coupang Q2 revenue misses estimates as Korea administrative fines drive loss
CPNG•Capital returns and outlook
Coupang repurchased $459 million of shares during the quarter.
The company did not provide specific financial guidance or outlook in the press release.
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell".
The average consensus recommendation for the department stores peer group is "buy".
Wall Street's median 12-month price target for Coupang Inc is $27.00, about 64.4% above its August 3 closing price of $16.42.
The stock recently traded at 102 times the next 12-month earnings vs. a P/E of 69 three months ago.
Q2 results miss revenue estimates
Coupang said second-quarter revenue rose 4% but slightly missed analyst expectations, while adjusted EBITDA beat analyst estimates.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $8.86 bln | $8.96 bln (7 Analysts) |
| Q2 Net Loss | $570 mln | ||
| Q2 Adjusted EBITDA | Beat | $163 mln | $134.74 mln (6 Analysts) |
| Q2 Gross Margin | 28.20% | ||
| Q2 Gross Profit | $2.50 bln |
