Analysts Expect Coupa Software Inc (COUP) Will Announce Quarterly Sales of $68.07 Million
Brokerages predict that Coupa Software Inc (NASDAQ:COUP) will post $68.07 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Coupa Software’s earnings. The lowest sales estimate is $67.80 million and the highest is $68.19 million. Coupa Software posted sales of $53.75 million during the same quarter last year, which would indicate a positive year over year growth rate of 26.6%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, March 11th.
On average, analysts expect that Coupa Software will report full-year sales of $252.01 million for the current financial year, with estimates ranging from $244.44 million to $253.65 million. For the next financial year, analysts expect that the business will report sales of $309.87 million, with estimates ranging from $298.53 million to $316.15 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Coupa Software.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, December 3rd. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.11. Coupa Software had a negative net margin of 19.93% and a negative return on equity of 14.03%. The business had revenue of $67.46 million during the quarter, compared to the consensus estimate of $62.59 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company’s revenue for the quarter was up 42.5% compared to the same quarter last year.
In other news, Director Henry Tayloe Stansbury sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $92.11, for a total value of $460,550.00. Following the completion of the sale, the director now directly owns 10,288 shares of the company’s stock, valued at approximately $947,627.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $56.06, for a total transaction of $3,544,393.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,488 shares of company stock valued at $19,290,724. 6.50% of the stock is owned by insiders.
Several large investors have recently modified their holdings of COUP. Legal & General Group Plc lifted its stake in shares of Coupa Software by 37.7% in the 2nd quarter. Legal & General Group Plc now owns 18,874 shares of the technology company’s stock worth $1,175,000 after acquiring an additional 5,164 shares during the period. California Public Employees Retirement System raised its holdings in shares of Coupa Software by 20.1% during the second quarter. California Public Employees Retirement System now owns 14,097 shares of the technology company’s stock valued at $877,000 after acquiring an additional 2,355 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Coupa Software by 35.0% during the second quarter. Bank of New York Mellon Corp now owns 219,325 shares of the technology company’s stock valued at $13,651,000 after acquiring an additional 56,892 shares during the period. FMR LLC raised its holdings in shares of Coupa Software by 42.3% during the second quarter. FMR LLC now owns 1,774,407 shares of the technology company’s stock valued at $110,439,000 after acquiring an additional 527,529 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Coupa Software by 71.4% during the second quarter. Northern Trust Corp now owns 594,330 shares of the technology company’s stock valued at $36,992,000 after acquiring an additional 247,680 shares during the period. 95.01% of the stock is owned by institutional investors.
Shares of NASDAQ:COUP traded down $0.09 during trading on Monday, reaching $94.05. 740,838 shares of the company’s stock traded hands, compared to its average volume of 1,442,666. Coupa Software has a 12 month low of $38.03 and a 12 month high of $96.43. The company has a market cap of $5.59 billion, a PE ratio of -123.75 and a beta of 1.88.
Coupa Software 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; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.
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