COUPA SOFTWARE (COUP - Free Report) closed at $96.11 in the latest trading session, marking a +1.45% move from the prior day. This change outpaced the S&P 500's 0.12% gain on the day. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq added 0.36%.
Prior to today's trading, shares of the company had gained 21.32% over the past month. This has outpaced the Computer and Technology sector's gain of 8.83% and the S&P 500's gain of 6.17% in that time.
COUP will be looking to display strength as it nears its next earnings release, which is expected to be March 11, 2019. The company is expected to report EPS of $0, down 100% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $68.07 million, up 26.63% from the year-ago period.
Any recent changes to analyst estimates for COUP should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. COUP is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that COUP has a Forward P/E ratio of 433.92 right now. This represents a premium compared to its industry's average Forward P/E of 54.68.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 34, putting it in the top 14% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.