Zacks: Brokerages Expect Coupa Software Inc (COUP) to Announce -$0.03 Earnings Per Share

Analysts forecast that Coupa Software Inc (NASDAQ:COUP) will post earnings of ($0.03) per share for the current quarter, Zacks reports. Five analysts have made estimates for Coupa Software’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.03). Coupa Software reported earnings per share of ($0.05) during the same quarter last year, which suggests a positive year over year growth rate of 40%. The business is scheduled to report its next earnings report on Monday, December 3rd.

On average, analysts expect that Coupa Software will report full year earnings of ($0.07) per share for the current year, with EPS estimates ranging from ($0.10) to ($0.05). For the next fiscal year, analysts anticipate that the business will report 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 sell-side research firms 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 Zacks’ consensus estimate of ($0.30) by $0.13. Coupa Software had a negative return on equity of 16.73% and a negative net margin of 22.52%. The company had revenue of $61.65 million during the quarter, compared to the consensus estimate of $56.61 million.

A number of research analysts have issued reports on COUP shares. Morgan Stanley boosted their price target on Coupa Software from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Tuesday, September 4th. Northland Securities cut Coupa Software from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 11th. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Monday, August 6th. Oppenheimer boosted their price objective on Coupa Software from $62.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 29th. Finally, Cantor Fitzgerald boosted their price objective on Coupa Software from $67.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, September 5th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Coupa Software presently has an average rating of “Buy” and a consensus price target of $63.69.

NASDAQ:COUP traded down $4.75 during trading hours on Friday, reaching $63.73. The company had a trading volume of 1,317,000 shares, compared to its average volume of 822,700. Coupa Software has a 1-year low of $30.65 and a 1-year high of $84.53. The company has a market capitalization of $3.57 billion, a PE ratio of -83.86 and a beta of 1.79.

In related news, CRO Steven M. Winter sold 11,336 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $66.43, for a total transaction of $753,050.48. Following the completion of the sale, the executive now directly owns 12,795 shares in the company, valued at $849,971.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony D. Tiscornia sold 781 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $68.36, for a total value of $53,389.16. Following the sale, the insider now owns 521 shares of the company’s stock, valued at $35,615.56. The disclosure for this sale can be found here. Insiders have sold 293,604 shares of company stock valued at $20,556,439 over the last quarter. 6.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Canada Pension Plan Investment Board purchased a new stake in shares of Coupa Software during the third quarter worth approximately $9,682,000. Prescott Group Capital Management L.L.C. increased its position in shares of Coupa Software by 37.5% during the third quarter. Prescott Group Capital Management L.L.C. now owns 22,000 shares of the technology company’s stock worth $1,740,000 after purchasing an additional 6,000 shares in the last quarter. BBT Capital Management LLC increased its position in shares of Coupa Software by 28.3% during the third quarter. BBT Capital Management LLC now owns 90,000 shares of the technology company’s stock worth $7,119,000 after purchasing an additional 19,825 shares in the last quarter. Jackson Square Partners LLC purchased a new stake in shares of Coupa Software during the third quarter worth approximately $87,361,000. Finally, BlackRock Inc. grew its holdings in Coupa Software by 14.4% in the 3rd quarter. BlackRock Inc. now owns 3,480,491 shares of the technology company’s stock valued at $275,308,000 after buying an additional 438,131 shares in the last quarter. Hedge funds and other institutional investors own 97.18% of the company’s stock.

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.

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