Analysts Anticipate Coupa Software Inc (COUP) Will Announce Earnings of -$0.03 Per Share

Share on StockTwits

Wall Street brokerages expect that Coupa Software Inc (NASDAQ:COUP) will post earnings of ($0.03) per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Coupa Software’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.03). Coupa Software reported earnings of ($0.05) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 40%. The company is expected to announce its next earnings results on Monday, December 3rd.

On average, analysts expect that Coupa Software will report full year earnings of ($0.07) per share for the current fiscal year, with EPS estimates ranging from ($0.10) to ($0.05). For the next year, analysts expect that the company will post earnings of $0.05 per share, with EPS estimates ranging from ($0.03) to $0.24. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Coupa Software.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Tuesday, September 4th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.13. Coupa Software had a negative net margin of 22.52% and a negative return on equity of 16.73%. The firm had revenue of $61.65 million during the quarter, compared to analysts’ expectations of $56.61 million.

Several research firms have recently weighed in on COUP. Zacks Investment Research cut shares of Coupa Software from a “buy” rating to a “hold” rating in a research report on Tuesday. Northland Securities cut shares of Coupa Software from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 11th. Loop Capital increased their price objective on shares of Coupa Software to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, September 5th. Raymond James increased their price objective on shares of Coupa Software from $60.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 5th. Finally, Needham & Company LLC increased their price objective on shares of Coupa Software from $63.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Coupa Software currently has a consensus rating of “Buy” and an average price target of $63.69.

In other Coupa Software news, Director Veenendaal Frank Van sold 1,000 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the sale, the director now directly owns 123,635 shares in the company, valued at $9,927,890.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Steven M. Winter sold 11,336 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $78.35, for a total transaction of $888,175.60. Following the completion of the sale, the executive now owns 12,795 shares of the company’s stock, valued at $1,002,488.25. The disclosure for this sale can be found here. Insiders sold 333,604 shares of company stock valued at $23,356,439 over the last 90 days. Corporate insiders own 6.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Prio Wealth Limited Partnership acquired a new stake in Coupa Software in the third quarter worth $5,157,000. Strategic Wealth Advisors Group LLC acquired a new stake in Coupa Software in the third quarter worth $862,000. SG Americas Securities LLC grew its holdings in Coupa Software by 917.0% in the third quarter. SG Americas Securities LLC now owns 24,938 shares of the technology company’s stock worth $1,973,000 after purchasing an additional 22,486 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Coupa Software by 52.4% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,408 shares of the technology company’s stock worth $1,535,000 after purchasing an additional 6,670 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in Coupa Software in the third quarter worth $348,000. Institutional investors and hedge funds own 97.18% of the company’s stock.

Shares of COUP traded up $7.41 during trading hours on Friday, hitting $68.89. 743,162 shares of the stock were exchanged, compared to its average volume of 915,143. Coupa Software has a fifty-two week low of $30.65 and a fifty-two week high of $84.53. The stock has a market cap of $3.84 billion, a PE ratio of -90.64 and a beta of 1.79.

About Coupa Software

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

Featured Story: What is Considered a Good Return on Equity (ROE)?

Get a free copy of the Zacks research report on Coupa Software (COUP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply