Earnings Preview For SAP
Portfolio Pulse from Benzinga Insights
SAP (NYSE:SAP) is scheduled to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $1.73. Investors are looking for an earnings beat and positive guidance for future growth. SAP's stock performance has been strong, with shares up 40.5% over the last 52 weeks, trading at $163.21 as of January 19. Historical data shows that SAP's share price reacts positively to earnings beats and negatively to misses.
January 23, 2024 | 2:01 pm
News sentiment analysis
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SAP is expected to report an EPS of $1.73 in its upcoming earnings, with investors anticipating an earnings beat and positive future guidance. Shares have risen 40.5% over the past year, indicating a bullish sentiment among long-term investors.
Given SAP's history of positive stock movement following earnings beats and the current bullish sentiment reflected in the 40.5% year-over-year stock increase, there is a high likelihood of a positive short-term impact if SAP meets or exceeds the EPS estimate and provides favorable guidance. However, the market's reaction to earnings can be unpredictable, and guidance often plays a critical role in influencing investor sentiment.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100