Coupa Software Incorporated (COUP - Free Report) is a provider of business spend management solutions that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on COUP’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Coupa Software could be a solid choice for investors.
Current Quarter Estimates for COUP
In the past 30 days, six estimates have gone higher for Coupa Software while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 5 cents a share 30 days ago, to a loss of 3 cents today, a move of 40%.
Current Year Estimates for COUP
Meanwhile, Coupa Software’s current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 17 cents per share 30 days ago to a loss of 7 cents per share today, an increase of 58.8%.
COUPA SOFTWARE Price and Consensus
The stock has also started to move higher lately, adding 19% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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