What's In Store For Coupa Software (COUP) In Q4 Earnings?
Zacks Investment Research | Mar 07, 2019 07:33AM ET
Coupa Software Inc. (NASDAQ:COUP) is set to release fourth-quarter fiscal 2019 results on Mar 11. The company beat the Zacks Consensus Estimate in the trailing four quarters, recording average positive surprise of 46.1%.
Coupa Software reported third-quarter fiscal 2019 non-GAAP earnings of 8 cents per share, in contrast with the Zacks Consensus Estimate of a loss of 3 cents. Notably, the company reported a loss of 5 cents in the year-ago quarter.
Revenues surged 42% from the year-ago quarter to $67.5 million. Further, the figure surpassed the Zacks Consensus Estimate of $63 million. The top line was primarily driven by expanding customer base. Further, rising adoption of Coupa Software’s platform is driving subscription services revenues and gross margin.
What to Expect
For fourth-quarter fiscal 2019, revenues are anticipated between $67.8 and $68.3 million. The Zacks Consensus Estimate for revenues is currently pegged at $68.1 million.
For fiscal 2019, total revenues are now expected between $253 million and $253.5 million. The Zacks Consensus Estimate for revenues is currently pegged at $253.5 million.
Notably, Coupa Software’s shares have soared 91.2% year over year, substantially outperforming the 7.1% rally of the Zacks Investment Research
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