Coupa Software Shares Down 19% on Worse Than Expected Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/COUP'>Coupa Software Incorporated (NASDAQ:COUP) </a>shares plunged more than 19% Tuesday afternoon following the company’s reported worse-than-expected outlook for 2023, while Q4 results came in better than expected. EPS was $0.19, compared to the consensus estimate of $0.05, and revenue was $193.3 million, compared to the consensus estimate of $185.68 million. </p>
<p>Analysts at Oppenheimer provided their views on the company following the earnings report. While the analysts think there is a lot to like with the company, they mentioned that the story and business have many moving parts and more exposure to Europe than other Smid-Cap SaaS names, and this is leading to significant organic growth deceleration and margin contraction as reminded with the 2023 guidance. </p>
<p>The analysts caution investors on getting involved in bottom fishing the company’s shares in the hopes for outsized returns because the bull case or return to 30% growth anytime soon now looks off the table, they see risk to management's medium-term mid-twenty's organic growth guidance, and few near-term catalysts.</p>

NASDAQ:COUP