Zacks: Analysts Expect Coupa Software Inc (NASDAQ:COUP) Will Announce Earnings of -$0.10 Per Share

Wall Street brokerages expect Coupa Software Inc (NASDAQ:COUP) to announce earnings per share of ($0.10) for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Coupa Software’s earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.11). Coupa Software posted earnings of $0.05 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 300%. The firm is scheduled to issue its next earnings report on Tuesday, September 3rd.

On average, analysts expect that Coupa Software will report full-year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from $0.08 to $0.10. For the next financial year, analysts anticipate that the business will post earnings of $0.37 per share, with EPS estimates ranging from $0.27 to $0.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Coupa Software.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Monday, June 3rd. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.29. The business had revenue of $81.30 million during the quarter, compared to the consensus estimate of $73.85 million. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. The company’s revenue was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) earnings per share.

COUP has been the subject of a number of analyst reports. Northland Securities upped their price objective on shares of Coupa Software from $85.00 to $150.00 and gave the stock an “average” rating in a research report on Thursday, July 11th. Oppenheimer upped their price objective on shares of Coupa Software from $111.00 to $130.00 in a research report on Tuesday, June 18th. Barclays upped their price objective on shares of Coupa Software from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Deutsche Bank started coverage on shares of Coupa Software in a research report on Wednesday, July 24th. They set a “hold” rating and a $150.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $120.72.

In other Coupa Software news, CAO Anthony D. Tiscornia sold 260 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $118.81, for a total value of $30,890.60. Following the completion of the sale, the chief accounting officer now owns 260 shares in the company, valued at approximately $30,890.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Riggs sold 930 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $140.00, for a total transaction of $130,200.00. Following the completion of the sale, the insider now owns 1,801 shares of the company’s stock, valued at approximately $252,140. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 398,657 shares of company stock valued at $48,925,884. Insiders own 5.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in COUP. Advantage Investment Management LLC acquired a new stake in Coupa Software in the 2nd quarter valued at about $25,000. Destination Wealth Management acquired a new stake in Coupa Software in the 2nd quarter valued at about $44,000. Nisa Investment Advisors LLC raised its holdings in Coupa Software by 39.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock valued at $51,000 after acquiring an additional 115 shares during the last quarter. Optimum Investment Advisors acquired a new stake in Coupa Software in the 2nd quarter valued at about $63,000. Finally, FNY Investment Advisers LLC acquired a new stake in Coupa Software in the 1st quarter valued at about $70,000. Institutional investors own 99.16% of the company’s stock.

Shares of Coupa Software stock traded up $1.25 during trading hours on Friday, reaching $137.45. The stock had a trading volume of 1,046,846 shares, compared to its average volume of 1,393,133. The company’s 50 day simple moving average is $134.31. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of -205.15 and a beta of 1.61. Coupa Software has a twelve month low of $52.01 and a twelve month high of $148.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07.

About Coupa Software

Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.

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