Coupa Software (NASDAQ:COUP) released its quarterly earnings data on Monday. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.17, Bloomberg Earnings reports. The firm had revenue of $53.80 million for the quarter, compared to the consensus estimate of $48.64 million. Coupa Software had a negative net margin of 23.45% and a negative return on equity of 20.33%. The firm’s revenue was up 41.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. Coupa Software updated its Q1 guidance to ($0.13)-($0.11) EPS and its FY19 guidance to ($0.28)-($0.23) EPS.
Coupa Software (COUP) opened at $47.53 on Wednesday. The firm has a market cap of $2,707.19, a P/E ratio of -57.27 and a beta of 1.29. Coupa Software has a 52-week low of $22.50 and a 52-week high of $50.69.
A number of analysts recently commented on COUP shares. Royal Bank of Canada reissued a “buy” rating and set a $41.00 price objective on shares of Coupa Software in a report on Wednesday, November 15th. Northland Securities set a $41.00 price target on shares of Coupa Software and gave the company a “buy” rating in a report on Wednesday, January 17th. Needham & Company LLC started coverage on shares of Coupa Software in a report on Wednesday, January 10th. They issued a “buy” rating and a $39.00 price target on the stock. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, December 7th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $36.00 price target on shares of Coupa Software in a report on Tuesday, December 5th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.00.
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.
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