SAP (NYSE:SAP) reported its Q3 earnings results on Thursday, October 21, 2021 at 01:00 AM.
Here’s what investors need to know about the announcement.
Earnings
SAP beat their estimated earnings by 33.99%, which surprised analysts.
Revenue was up $435,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.66, which was followed by a 0.34% increase in the share price the next day.
Here’s a look at SAP’s past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.45 | 1.13 | 1.97 | 1.54 |
| EPS Actual | 2.11 | 1.69 | 2.01 | 1.99 |
| Revenue Estimate | 7.94B | 7.67B | 9.01B | 8.16B |
| Revenue Actual | 8.03B | 7.66B | 8.99B | 7.64B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
SAP management provided guidance for their next quarter, expecting earnings between $2.05 and $2.05 per share for the nextquarter.
This represents a 0.0% in quarter-over-quarter growth for SAP, a bearish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
