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Coupa Software Inc Up 11.09% To $61.80 After Earnings Beat

Wednesday, September 07, 2022 10:52 AM | InvestorsObserver Analysts

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Coupa Software Inc Up 11.09% To $61.80 After Earnings Beat

Coupa Software Inc (COUP) beat out earnings estimates for Q2 2023 this afternoon.

Coupa Software Inc's earnings came in at an EPS of $0.2 per share, 122.00% higher than estimates for an EPS of $0.09 per share. The firm's earnings are down 23% since reporting $0.26 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $211.1 million. That is an increase of 17.80% in revenues from the year-ago report and is 3.47% higher than consensus estimates set at $204 million.

The stock is up 11.09% to $61.80 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Coupa Software Inc a Bearish Sentiment Rank from InvestorsObserver.

Coupa Software Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 16, putting Coupa Software Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $50.54 on June 17, 2022 and set a 52-week high on September 8, 2021 at $270.79.

Coupa Software is a cloud-based provider of business spend management, or BSM, solutions. Coupa's BSM platform provides visibility into all spend, allowing companies to gain control over their spending, optimize their supplier network and supply chains, and manage liquidity. The platform's transactional core consists of procurement, invoicing, expense management, and payment solutions, while supporting modules ranging from strategic sourcing solutions to supply chain design and planning solutions round out the comprehensive spend management ecosystem.

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