Coupa (COUP) Expected to Announce Earnings of -$0.11 Per Share

Wall Street analysts predict that Coupa (NASDAQ:COUP) will post earnings of ($0.11) per share for the current quarter, Zacks reports. Five analysts have provided estimates for Coupa’s earnings, with estimates ranging from ($0.12) to ($0.09). Coupa posted earnings of ($0.09) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 22.2%. The business is scheduled to announce its next quarterly earnings results on Monday, June 4th.

According to Zacks, analysts expect that Coupa will report full year earnings of ($0.23) per share for the current fiscal year, with EPS estimates ranging from ($0.27) to ($0.19). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.03) per share, with EPS estimates ranging from ($0.09) to $0.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Coupa.

Coupa (NASDAQ:COUP) last released its earnings results on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.17. The firm had revenue of $53.80 million during 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 business’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share.

Several equities analysts recently commented on COUP shares. Oppenheimer started coverage on Coupa in a research note on Thursday, December 21st. They issued a “buy” rating and a $41.00 target price for the company. Needham & Company LLC set a $55.00 price target on Coupa and gave the stock a “buy” rating in a research note on Tuesday, March 13th. Northland Securities set a $41.00 price target on Coupa and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Zacks Investment Research upgraded Coupa from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Wednesday, March 7th. Finally, SunTrust Banks initiated coverage on Coupa in a research note on Wednesday, January 31st. They set a “buy” rating and a $45.00 price target for the company. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $46.13.

In other news, CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $38.70, for a total value of $438,703.20. Following the completion of the sale, the executive now owns 12,480 shares of the company’s stock, valued at $482,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Anthony D. Tiscornia sold 782 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $39.33, for a total value of $30,756.06. Following the completion of the sale, the insider now directly owns 261 shares of the company’s stock, valued at approximately $10,265.13. The disclosure for this sale can be found here. Insiders have sold 403,510 shares of company stock valued at $18,344,058 over the last 90 days. 32.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sylebra HK Co Ltd boosted its position in shares of Coupa by 82.9% in the fourth quarter. Sylebra HK Co Ltd now owns 3,962,308 shares of the technology company’s stock worth $123,703,000 after buying an additional 1,795,516 shares during the period. BlackRock Inc. boosted its position in shares of Coupa by 1.2% in the fourth quarter. BlackRock Inc. now owns 1,878,010 shares of the technology company’s stock worth $58,631,000 after buying an additional 22,441 shares during the period. Victory Capital Management Inc. boosted its position in shares of Coupa by 52.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,194,430 shares of the technology company’s stock worth $37,290,000 after buying an additional 410,240 shares during the period. Garelick Capital Partners LP boosted its position in shares of Coupa by 71.1% in the fourth quarter. Garelick Capital Partners LP now owns 633,708 shares of the technology company’s stock worth $19,784,000 after buying an additional 263,294 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Coupa by 40.7% in the fourth quarter. Renaissance Technologies LLC now owns 525,625 shares of the technology company’s stock worth $16,410,000 after buying an additional 152,125 shares during the period. 85.93% of the stock is owned by institutional investors.

Coupa stock traded down $0.77 during trading on Thursday, hitting $47.17. The company’s stock had a trading volume of 147,199 shares, compared to its average volume of 724,330. The firm has a market capitalization of $2,744.80, a P/E ratio of -62.21 and a beta of 1.13. Coupa has a 1-year low of $27.33 and a 1-year high of $50.69. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.68.

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Coupa Company Profile

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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