The analysts’ expectation falls within the management projection range of Q2 revenues between $84.5 million and $85.5 million. The management had also projected subscription revenues in the range of $77-78 million.
For the second quarter, the management expects an adjusted loss of 10-12 cents per share. The street estimate is pegged at the lower end of this projection range at 10 cents per share loss. In three of the past four quarters, the software company had surpassed Wall Street projections on the bottom-line, while it was in line with the estimate once.
Coupa had recently forged partnerships with PayPal (NASDAQ: PYPL) and Citigroup (NYSE: C) with a focus on making business payments more efficient. The company had also last month acquired contract lifecycle management solutions firm Exari to integrate into its BSM platform. Look out for any updates on how these alliances are working out financially for the firm.
Coupa had an
exceptionally good year so far, with its stock soaring 126% in the year-to-date
period. During the same period, the iShares Expanded Tech-Software ETF has
gained just 24%.
Coupa is currently trading near its 12-month price target, so a post-earnings rally may be unlikely.