Brokerages Expect SAP SE (NYSE:SAP) Will Announce Quarterly Sales of $7.39 Billion

Wall Street analysts expect SAP SE (NYSE:SAP) to post $7.39 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for SAP’s earnings, with the highest sales estimate coming in at $7.51 billion and the lowest estimate coming in at $7.26 billion. SAP reported sales of $6.92 billion in the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The firm is scheduled to announce its next earnings report on Wednesday, April 22nd.

On average, analysts expect that SAP will report full year sales of $32.56 billion for the current year, with estimates ranging from $32.31 billion to $32.81 billion. For the next year, analysts expect that the business will report sales of $34.69 billion, with estimates ranging from $34.47 billion to $35.08 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover SAP.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.12. The company had revenue of $8.05 billion during the quarter, compared to analysts’ expectations of $8.10 billion. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 earnings per share.

Several analysts recently issued reports on SAP shares. Jefferies Financial Group restated a “buy” rating and issued a $140.00 price objective on shares of SAP in a report on Monday, October 21st. Royal Bank of Canada reduced their price objective on shares of SAP from $167.00 to $157.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Zacks Investment Research upgraded shares of SAP from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a report on Monday, December 23rd. Oppenheimer reiterated an “outperform” rating and set a $150.00 price target (up from $141.00) on shares of SAP in a research note on Wednesday, November 13th. Finally, Goldman Sachs Group boosted their price target on shares of SAP from $168.00 to $196.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $135.73.

A number of large investors have recently modified their holdings of the business. Mutual Advisors LLC increased its stake in SAP by 4.1% during the fourth quarter. Mutual Advisors LLC now owns 1,918 shares of the software maker’s stock worth $257,000 after purchasing an additional 76 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of SAP by 0.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 15,680 shares of the software maker’s stock worth $2,101,000 after buying an additional 84 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of SAP by 2.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,519 shares of the software maker’s stock worth $472,000 after buying an additional 87 shares in the last quarter. Cornerstone Advisors Inc. grew its position in shares of SAP by 10.9% during the fourth quarter. Cornerstone Advisors Inc. now owns 903 shares of the software maker’s stock worth $121,000 after buying an additional 89 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its position in shares of SAP by 2.1% during the fourth quarter. Eagle Asset Management Inc. now owns 4,548 shares of the software maker’s stock worth $609,000 after buying an additional 93 shares in the last quarter. Institutional investors own 4.83% of the company’s stock.

SAP traded down $0.01 on Thursday, hitting $137.44. The company had a trading volume of 289,815 shares. SAP has a 1 year low of $105.85 and a 1 year high of $140.67. The company’s fifty day moving average price is $135.85 and its 200 day moving average price is $128.85.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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