Brokerages Anticipate Coupa Software Inc (COUP) to Announce -$0.15 Earnings Per Share
Equities analysts expect Coupa Software Inc (NASDAQ:COUP) to post ($0.15) earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Coupa Software’s earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at ($0.14). Coupa Software posted earnings of ($0.05) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 200%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Coupa Software will report full-year earnings of ($0.39) per share for the current year, with EPS estimates ranging from ($0.40) to ($0.38). For the next year, analysts expect that the firm will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.38) to ($0.23). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Coupa Software.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The business had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The company’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.22) EPS.
Shares of Coupa Software (NASDAQ:COUP) remained flat at $$39.16 during midday trading on Friday. The company had a trading volume of 1,030,000 shares, compared to its average volume of 605,651. Coupa Software has a twelve month low of $22.50 and a twelve month high of $40.31. The stock has a market cap of $2,160.00 and a PE ratio of -39.16.
In other Coupa Software news, CFO Todd R. Ford sold 12,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $34.03, for a total transaction of $408,360.00. Following the completion of the sale, the chief financial officer now directly owns 17,349 shares in the company, valued at $590,386.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Anthony D. Tiscornia sold 781 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $33.18, for a total transaction of $25,913.58. Following the sale, the insider now owns 521 shares of the company’s stock, valued at $17,286.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 358,346 shares of company stock valued at $12,221,222. Company insiders own 32.10% of the company’s stock.
Several large investors have recently modified their holdings of COUP. Virtu Financial LLC bought a new position in shares of Coupa Software during the fourth quarter valued at about $233,000. Essex Investment Management Co. LLC bought a new position in shares of Coupa Software during the fourth quarter valued at about $242,000. Personal Capital Advisors Corp bought a new position in shares of Coupa Software during the fourth quarter valued at about $261,000. UBS Asset Management Americas Inc. bought a new position in shares of Coupa Software during the fourth quarter valued at about $268,000. Finally, Trexquant Investment LP bought a new position in shares of Coupa Software during the third quarter valued at about $274,000. 75.09% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “Brokerages Anticipate Coupa Software Inc (COUP) to Announce -$0.15 Earnings Per Share” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://theolympiareport.com/2018/02/10/brokerages-anticipate-coupa-software-inc-coup-to-announce-0-15-earnings-per-share.html.
About Coupa Software
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.