Categories Technology

Coupa Software Q2 earnings: What’s on the cards

Coupa Software (NASDAQ: COUP), a technology firm with a focus on Business Spend Management, is slated to report second-quarter 2020 financial results after the closing bell on Tuesday, September 3.

Wall Street expects to see continued growth in top-line, helped by the strength in subscriber revenues. Analysts expect the San Mateo, California-based firm to report a 38.5% increase in revenues to $85.38 million.

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.

READ: Nutanix beats the market in Q4, stock jumps

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.

READ: Hewlett Packard Enterprise beats Q3 EPS by 5 cents

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.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

HD Stock: What’s in store for Home Depot after record second quarter

Home improvement is one of the top activities that kept Americans busy during the pandemic, a trend that enabled The Home Depot, Inc. (NYSE: HD) to beat the crisis and

Target (TGT) stock drops after Q2 earnings miss estimates; revenue up 4%

Department store chain Target Corporation (NYSE: TGT) reported a sharp decline in adjusted earnings for the second quarter of 2022, despite an increase in net sales. The bottom line also fell

Amazon (AMZN) stock remains a good bet despite poor results. Here’s why

Amazon.com, Inc. (NASDAQ: AMZN) became an inspiration for other players in the eCommerce sector as the online retailer successfully channelized its resources to tap into the spike in demand for

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top