Zacks: Brokerages Expect Coupa (COUP) Will Announce Earnings of -$0.11 Per Share

Wall Street brokerages expect Coupa (NASDAQ:COUP) to report earnings per share of ($0.11) for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Coupa’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.12). Coupa posted earnings of ($0.09) per share in the same quarter last year, which would suggest a negative year over year growth rate of 22.2%. The business is expected to report its next earnings results on Monday, June 4th.

On average, analysts expect that Coupa will report full-year earnings of ($0.23) per share for the current year, with EPS estimates ranging from ($0.27) to ($0.19). For the next financial year, analysts forecast that the company will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.09) to $0.09. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Coupa.

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Coupa (NASDAQ:COUP) last announced its earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.17. The company had revenue of $53.80 million for the quarter, compared to analyst estimates of $48.64 million. Coupa had a negative return on equity of 19.30% and a negative net margin of 23.45%. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) earnings per share.

A number of equities analysts have recently weighed in on the company. JPMorgan Chase reiterated a “neutral” rating and set a $38.00 target price (up previously from $32.00) on shares of Coupa in a research note on Tuesday, March 13th. Royal Bank of Canada increased their target price on Coupa to $53.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 13th. They noted that the move was a valuation call. Morgan Stanley reiterated an “equal weight” rating and set a $49.00 target price (up previously from $42.00) on shares of Coupa in a research note on Tuesday, March 13th. Cantor Fitzgerald reissued a “buy” rating on shares of Coupa in a research report on Friday, April 13th. Finally, Needham & Company LLC set a $55.00 price target on Coupa and gave the stock a “buy” rating in a research report on Tuesday, March 13th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Coupa presently has an average rating of “Buy” and an average target price of $46.94.

Shares of NASDAQ COUP traded down $0.30 during trading hours on Thursday, reaching $49.40. 370,358 shares of the stock were exchanged, compared to its average volume of 721,965. The firm has a market cap of $2,642.87, a P/E ratio of -65.39 and a beta of 1.12. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.68. Coupa has a 52 week low of $27.33 and a 52 week high of $50.90.

In other Coupa news, insider Anthony D. Tiscornia sold 782 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $39.33, for a total value of $30,756.06. Following the sale, the insider now owns 261 shares of the company’s stock, valued at approximately $10,265.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Todd R. Ford sold 12,500 shares of the firm’s stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $48.40, for a total value of $605,000.00. Following the completion of the sale, the chief financial officer now directly owns 21,872 shares in the company, valued at approximately $1,058,604.80. The disclosure for this sale can be found here. Insiders have sold 403,510 shares of company stock worth $18,344,058 in the last three months. 32.10% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of COUP. Ensemble Capital Management LLC acquired a new stake in shares of Coupa in the 4th quarter valued at $203,000. Virtu Financial LLC acquired a new stake in shares of Coupa in the 4th quarter valued at $233,000. Essex Investment Management Co. LLC acquired a new stake in shares of Coupa in the 4th quarter valued at $242,000. Personal Capital Advisors Corp acquired a new stake in shares of Coupa in the 4th quarter valued at $261,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Coupa in the 4th quarter valued at $268,000. 85.94% of the stock is currently owned by hedge funds and other institutional investors.

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About Coupa

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 under management; and offers supporting modules, including sourcing, analytics, contract management, supplier management, inventory management, and storefront that help companies further manage their spend.

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