SAP Q1 Adj EPS $0.88 Misses $1.11 Estimate, Sales $8.73B Beat $8.56B Estimate
Portfolio Pulse from Benzinga Newsdesk
SAP reported Q1 adjusted EPS of $0.88, missing the $1.11 estimate, and sales of $8.73B, beating the $8.56B estimate. This represents a 24.14% decrease in EPS and a 9.35% increase in sales year-over-year.
April 22, 2024 | 8:21 pm
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SAP's Q1 adjusted EPS of $0.88 missed estimates by 20.72%, and sales of $8.73B exceeded expectations. EPS decreased by 24.14% YOY, while sales grew by 9.35%.
The miss in EPS is significant and likely to negatively impact investor sentiment in the short term, despite the sales beat. The decrease in EPS year-over-year further compounds concerns about profitability.
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IMPORTANCE 90
RELEVANCE 100