Wall Street brokerages expect that Coupa Software Inc (NASDAQ:COUP) will post ($0.15) earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Coupa Software’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.15). Coupa Software posted earnings of ($0.05) per share during the same quarter last year, which indicates a negative year over year growth rate of 200%. The business is scheduled to report its next quarterly earnings report 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 fiscal year, with EPS estimates ranging from ($0.40) to ($0.38). For the next financial 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’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Coupa Software.
Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The firm had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $45.02 million. During the same period in the prior year, the company earned ($0.22) earnings per share. The company’s quarterly revenue was up 33.6% on a year-over-year basis.
In other Coupa Software news, insider Anthony D. Tiscornia sold 781 shares of Coupa Software stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $33.18, for a total transaction of $25,913.58. Following the transaction, the insider now owns 521 shares of the company’s stock, valued at approximately $17,286.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $33.95, for a total transaction of $2,146,488.75. Following the transaction, the chief executive officer now directly owns 162,092 shares in the company, valued at approximately $5,503,023.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 358,346 shares of company stock worth $12,221,222. 32.10% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of COUP. Vanguard Group Inc. raised its holdings in shares of Coupa Software by 260.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after purchasing an additional 1,950,862 shares during the period. Sylebra HK Co Ltd raised its holdings in shares of Coupa Software by 79.9% in the 3rd quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock worth $67,496,000 after purchasing an additional 962,418 shares during the period. Victory Capital Management Inc. purchased a new position in Coupa Software in the 3rd quarter valued at approximately $24,428,000. Janus Henderson Group PLC purchased a new position in Coupa Software in the 2nd quarter valued at approximately $18,242,000. Finally, Soma Equity Partners LP grew its stake in Coupa Software by 60.0% in the 3rd quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock valued at $34,888,000 after buying an additional 420,000 shares in the last quarter. 75.09% of the stock is currently owned by institutional investors.
Shares of Coupa Software (NASDAQ:COUP) remained flat at $$39.16 on Friday. 1,030,000 shares of the company’s stock traded hands, compared to its average volume of 605,651. Coupa Software has a 52-week low of $22.50 and a 52-week high of $40.31. The company has a market capitalization of $2,160.00 and a P/E ratio of -39.16.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/10/coupa-software-inc-coup-expected-to-post-earnings-of-0-15-per-share.html.
Coupa Software Company Profile
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.