A Look Ahead: SAP's Earnings Forecast
Portfolio Pulse from Benzinga Insights
SAP is set to release its quarterly earnings on October 21, 2024, with analysts expecting an EPS of $1.33. The company's previous earnings miss led to a share price increase, highlighting the importance of guidance over mere earnings beats or misses. SAP's shares have risen 74.12% over the past year, and analysts have given it an 'Outperform' rating with a price target of $242.0, indicating a potential 5.75% upside. SAP's financials show strong gross profit and revenue growth, but challenges in return on equity and asset utilization.
October 18, 2024 | 2:01 pm
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SAP is expected to release its earnings with an EPS of $1.33. The company's previous earnings miss led to a share price increase, emphasizing the importance of guidance. Analysts rate SAP as 'Outperform' with a price target of $242.0, suggesting a 5.75% upside.
SAP's upcoming earnings release is crucial as it could influence stock prices based on whether the company meets or exceeds the expected EPS of $1.33. The previous earnings miss led to a price increase, showing that guidance is a key factor. Analysts' 'Outperform' rating and a price target of $242.0 suggest positive sentiment and potential upside.
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