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Coupa Software (NASDAQ:COUP) is scheduled to report fourth-quarter fiscal 2020 results on Mar 16.
For the fiscal fourth quarter, the company expects earnings in the range of 3-6 cents per share. The Zacks Consensus Estimate for earnings has been steady over the past 30 days at 5 cents per share, in line with the year-ago quarter’s reported figure.
Revenues are anticipated in the range of $101.5-$102.5 million. The consensus mark for fiscal fourth-quarter revenues is pegged at $102.77 million, suggesting growth of 37.2% from the prior-year quarter figure.
One Year Price Performance
Introduction of Coupa CLM Advanced on synergies from integration of Coupa BSM platform with Exari's technology amid ongoing digital transformation is expected to have strengthened the company’s position in the BSM market.
However, rising operating expenses are likely to have weighed on the company’s fiscal fourth-quarter margins.
Key Development in Q4
During the fiscal fourth quarter, Coupa Software acquired Seattle-based Yapta, with an aim to strengthen Coupa BSM Platform’s Travel and Expense offering with travel price optimization capabilities and offer travel savings to businesses in real-time.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Coupa Software this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Although Coupa Software currently has a Zacks Rank #1, an Earnings ESP of 0.00% makes surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few stocks that you may consider, as our proven model shows that these have the right combination of elements to post an earnings beat.
Micron Technology, Inc. (NASDAQ:MU) has an Earnings ESP of +5.05% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Tencent Holdings Limited (OTC:TCEHY) has an Earnings ESP of +6.03% and a Zacks Rank #2.
Lululemon Athletica Inc. (NASDAQ:LULU) has an Earnings ESP of +0.27% and a Zacks Rank #2.
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