$0.05 EPS Expected for Coupa Software Incorporated (NASDAQ:COUP) This Quarter

Brokerages expect Coupa Software Incorporated (NASDAQ:COUPGet Rating) to post earnings of $0.05 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Coupa Software’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.07. Coupa Software reported earnings per share of $0.07 during the same quarter last year, which suggests a negative year-over-year growth rate of 28.6%. The firm is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Coupa Software will report full-year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.15 to $0.26. For the next year, analysts expect that the business will report earnings of $0.60 per share, with EPS estimates ranging from $0.28 to $1.19. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Coupa Software.

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

Several equities analysts recently commented on the stock. Raymond James dropped their price target on shares of Coupa Software from $195.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, March 15th. Truist Financial lowered their price target on Coupa Software from $225.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, March 15th. Evercore ISI upgraded Coupa Software to a “buy” rating and set a $140.00 price target for the company in a research note on Thursday, April 14th. UBS Group reduced their price objective on Coupa Software from $130.00 to $105.00 in a research note on Wednesday, March 16th. Finally, KeyCorp dropped their target price on shares of Coupa Software from $175.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, March 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $142.20.

Shares of NASDAQ COUP traded down $4.11 on Friday, reaching $86.30. 1,241,934 shares of the company traded hands, compared to its average volume of 1,776,158. The company has a 50 day moving average of $101.75 and a 200 day moving average of $150.42. 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 fifty-two week low of $64.79 and a fifty-two week high of $283.38.

In other Coupa Software news, insider Mark Riggs sold 1,013 shares of the stock in a transaction on Friday, March 25th. The shares were sold at an average price of $104.87, for a total transaction of $106,233.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Todd R. Ford sold 2,961 shares of Coupa Software stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $98.75, for a total transaction of $292,398.75. The disclosure for this sale can be found here. Insiders have sold a total of 17,266 shares of company stock worth $1,718,614 over the last quarter. 2.60% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. M&T Bank Corp increased its position in Coupa Software by 31.9% in the third quarter. M&T Bank Corp now owns 2,939 shares of the technology company’s stock worth $643,000 after buying an additional 711 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Coupa Software by 9.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,695 shares of the technology company’s stock worth $590,000 after acquiring an additional 224 shares during the period. Nordea Investment Management AB lifted its position in Coupa Software by 100.0% in the 3rd quarter. Nordea Investment Management AB now owns 6,950 shares of the technology company’s stock valued at $1,514,000 after purchasing an additional 3,475 shares during the last quarter. AE Wealth Management LLC boosted its stake in Coupa Software by 36.0% during the 3rd quarter. AE Wealth Management LLC now owns 31,773 shares of the technology company’s stock valued at $6,964,000 after purchasing an additional 8,417 shares during the period. Finally, Victory Capital Management Inc. grew its position in Coupa Software by 48.6% in the 3rd quarter. Victory Capital Management Inc. now owns 76,172 shares of the technology company’s stock worth $16,695,000 after purchasing an additional 24,896 shares during the last quarter.

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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