Shareholders might have noticed that Coupang, Inc. (NYSE:CPNG) filed its third-quarter result this time last week. The early response was not positive, with shares down 8.5% to US$24.00 in the past week. It looks like a credible result overall - although revenues of US$7.9b were what the analysts expected, Coupang surprised by delivering a (statutory) profit of US$0.04 per share, an impressive 289% above what was forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Coupang

After the latest results, the 16 analysts covering Coupang are now predicting revenues of US$35.7b in 2025. If met, this would reflect a sizeable 24% improvement in revenue compared to the last 12 months. Statutory earnings per share are forecast to dip 5.0% to US$0.55 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$35.8b and earnings per share (EPS) of US$0.56 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

The consensus price target held steady at US$29.63, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Coupang, with the most bullish analyst valuing it at US$35.00 and the most bearish at US$25.00 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Coupang shareholders.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Coupang's past performance and to peers in the same industry. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 18% growth on an annualised basis. That is in line with its 21% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 10% per year. So although Coupang is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.