Wall Street brokerages forecast that SAP SE (NYSE:SAP) will report earnings of $2.01 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for SAP’s earnings. The lowest EPS estimate is $1.76 and the highest is $2.17. SAP posted earnings of $2.02 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.5%. The business is scheduled to announce its next quarterly earnings results on Tuesday, January 26th.
On average, analysts expect that SAP will report full-year earnings of $6.17 per share for the current year, with EPS estimates ranging from $5.75 to $6.54. For the next year, analysts expect that the business will post earnings of $6.07 per share, with EPS estimates ranging from $5.51 to $7.06. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for SAP.
SAP has been the subject of several research analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reissued a “neutral” rating on shares of SAP in a research note on Friday, November 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of SAP in a research note on Wednesday, October 28th. Evercore ISI downgraded SAP to an “outperform” rating in a research note on Tuesday, October 27th. UBS Group downgraded SAP from a “buy” rating to a “neutral” rating in a research note on Monday, November 2nd. Finally, JMP Securities lowered their target price on SAP from $180.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, October 26th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $138.77.
Hedge funds have recently made changes to their positions in the stock. Ninety One UK Ltd bought a new stake in SAP in the second quarter valued at approximately $28,000. JJJ Advisors Inc. boosted its holdings in shares of SAP by 340.5% during the 3rd quarter. JJJ Advisors Inc. now owns 185 shares of the software maker’s stock worth $29,000 after buying an additional 143 shares in the last quarter. TFC Financial Management bought a new position in shares of SAP during the 3rd quarter worth approximately $31,000. Keebeck Wealth Management LLC bought a new position in shares of SAP during the 2nd quarter worth approximately $34,000. Finally, Horan Capital Advisors LLC. bought a new position in shares of SAP during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 4.67% of the company’s stock.
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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