Zacks: Brokerages Anticipate Coupa Software Incorporated (NASDAQ:COUP) to Announce $0.05 Earnings Per Share

Equities research analysts expect Coupa Software Incorporated (NASDAQ:COUPGet Rating) to post earnings of $0.05 per share for the current quarter, according to Zacks. Eight analysts have made estimates for Coupa Software’s earnings, with estimates ranging from $0.04 to $0.07. Coupa Software posted earnings of $0.07 per share in the same quarter last year, which would indicate a negative year over year growth rate of 28.6%. The business is expected to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Coupa Software will report full year earnings of $0.18 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.26. For the next year, analysts expect that the firm will report earnings of $0.60 per share, with EPS estimates ranging from $0.28 to $1.19. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Coupa Software.

Coupa Software (NASDAQ:COUPGet Rating) last announced its quarterly earnings data on Monday, March 14th. The technology company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.21. Coupa Software had a negative net margin of 52.26% and a negative return on equity of 14.13%. The business had revenue of $193.30 million during the quarter, compared to analyst estimates of $186.18 million. During the same quarter in the prior year, the business earned ($0.82) earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis.

COUP has been the topic of a number of recent research reports. Evercore ISI raised shares of Coupa Software to a “buy” rating and set a $140.00 price objective on the stock in a research note on Thursday, April 14th. Oppenheimer cut shares of Coupa Software from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 15th. Piper Sandler lowered shares of Coupa Software from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $230.00 to $70.00 in a report on Tuesday, March 15th. Needham & Company LLC dropped their price objective on shares of Coupa Software from $210.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, March 15th. Finally, UBS Group dropped their price objective on shares of Coupa Software from $130.00 to $105.00 in a report on Wednesday, March 16th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $141.25.

NASDAQ COUP opened at $73.15 on Friday. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of -14.23 and a beta of 1.44. The company has a 50 day moving average of $93.80 and a 200-day moving average of $138.35. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.81. Coupa Software has a 1-year low of $58.43 and a 1-year high of $283.38.

In other news, CEO Robert Bernshteyn sold 7,857 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $98.75, for a total value of $775,878.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Maurizio Baratta sold 385 shares of the business’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $104.73, for a total transaction of $40,321.05. Following the completion of the transaction, the chief accounting officer now owns 3,077 shares of the company’s stock, valued at $322,254.21. The disclosure for this sale can be found here. Insiders sold a total of 17,266 shares of company stock valued at $1,718,614 in the last three months. Insiders own 2.20% of the company’s stock.

Several large investors have recently bought and sold shares of COUP. Montag A & Associates Inc. raised its holdings in Coupa Software by 336.8% during the fourth quarter. Montag A & Associates Inc. now owns 166 shares of the technology company’s stock worth $26,000 after buying an additional 128 shares during the last quarter. Sandy Cove Advisors LLC acquired a new position in Coupa Software during the fourth quarter worth $30,000. Standard Family Office LLC acquired a new position in Coupa Software during the fourth quarter worth $32,000. Desjardins Global Asset Management Inc. acquired a new position in Coupa Software during the fourth quarter worth $37,000. Finally, UMB Bank N A MO acquired a new position in Coupa Software during the fourth quarter worth $37,000. 95.45% of the stock is currently owned by institutional investors.

Coupa Software Company Profile (Get Rating)

Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.

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Earnings History and Estimates for Coupa Software (NASDAQ:COUP)

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