SAP Q2 2024 GAAP EPS €0.76 Misses €0.97 Estimate, Sales €8.29B Beat €8.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
SAP reported Q2 2024 GAAP EPS of €0.76, missing the €0.97 estimate by 21.65%, but sales of €8.29B beat the €8.23B estimate by 0.69%. Sales increased by 1.07% year-over-year.
July 22, 2024 | 8:07 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
SAP's Q2 2024 earnings per share missed estimates significantly, but sales slightly exceeded expectations. The mixed results may lead to short-term volatility in SAP's stock price.
The significant miss on EPS is likely to concern investors, but the slight beat on sales and year-over-year growth may provide some reassurance. This mixed outcome is expected to cause short-term volatility in SAP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100