Coupang
Coupang 1Q 2022 Earnings: Beats Consensus Earnings Estimates (A High Conviction Turnaround Play)
Equity Bottom-Up
217 Views, 12 May 2022 06:44
EXECUTIVE SUMMARY
- Coupang reported better than expected results in 1Q 2022. Coupang had operating loss of $205.7 million in 1Q 2022, which was 31% better than consensus.
- This is a High Conviction turnaround story marked by significant improvement in profit margins. The company's gross profit increased by an impressive 42% YoY.
- Given Coupang's excellent earnings in 1Q 2022, the tide has turned on Coupang and there is likely to be improving positive sentiment on this stock in the next several weeks.
detail (18-minute read)
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Douglas Kim
Korea/Asia, New Economy, IPOs, Events
Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following se...
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