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A Look Ahead: SAP's Earnings Forecast

SAP (NYSE:SAP) is preparing to release its quarterly earnings on Monday, 2024-10-21. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect SAP to report an earnings per share (EPS) of $1.33.

SAP bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings Track Record

In the previous earnings release, the company missed EPS by $0.01, leading to a 7.13% increase in the share price the following trading session.

Performance of SAP Shares

Shares of SAP were trading at $228.84 as of October 17. Over the last 52-week period, shares are up 74.12%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Insights Shared by Analysts on SAP

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding SAP.

Analysts have provided SAP with 5 ratings, resulting in a consensus rating of Outperform. The ...