Coupa Software (COUP) closed at $ 203.13 in the last trading session, marking a movement of + 0.92% from the previous day. This move topped the S&P 500 daily gain by 0.23%. Meanwhile, the Dow Jones lost 0.03% and the Nasdaq, an index with a strong technology component, added 0.09%.
Prior to today, the company’s shares had lost 16.53% over the past month, trailing the computer and tech sector gain of 3.69% and the S&P 500’s 3.34% gain. during this period.
Investors are hopeful that Coupa Software will gain strength as it approaches its next earnings release, which is expected to take place on December 6, 2021. In this report, analysts expect Coupa Software to post a profit of 0.02 $ per share. This would mark a year-over-year decline of 88.89%. Our most recent consensus estimate projects quarterly revenue of $ 177.61 million, up 33.58% from the previous year.
For the full year, our Zacks consensus estimates project earnings of $ 0.29 per share and revenue of $ 707.05 million, which would represent changes of -62.34% and +30. , 54%, respectively, over the previous year.
Investors should also note any recent changes in analyst estimates for Coupa Software. These revisions generally reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable, externally audited track record of success, with No.1 stocks generating an average annual return of + 25% since 1988. Over the past 30 days, our consensus projection on EPS has remained stagnant. Coupa Software currently holds a Zacks rank of 3 (Maintain).
Digging into the valuation, Coupa Software currently has a forward P / E ratio of 702.14. This represents a premium over its industry’s average forward P / E of 66.54.
It should also be noted that COUP currently has a PEG ratio of 28.92. The PEG ratio is similar to the widely used P / E ratio, but this metric also takes into account the expected profit growth rate of the company. The Internet – Software industry currently had an average PEG ratio of 4.04 at yesterday’s close.
The Internet – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 184, placing it in the lowest 28% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to track all of these stock market metrics, and more, over future trading sessions.
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Coupa Software, Inc. (COUP): Free Stock Analysis Report
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