SAP SE reports results for the quarter ended June 30 - Earnings Summary

• SAP SE SAP reported quarterly adjusted earnings of €1.50​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of €1.10. The mean expectation of eleven analysts for the quarter was for earnings of €1.45 per share. Wall Street expected results to range from €1.35 to €1.68 per share.

• Revenue rose 8.9% to €9.03 billion from a year ago; analysts expected €9.08 billion.

• SAP SE's reported EPS for the quarter was €1.44​.

• The company reported quarterly net income of €1.7 billion.

• SAP SE shares had risen by 1.0% this quarter and gained 24.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for SAP SE is $330.00, about 7.2% above its last closing price of $306.29

This summary was machine generated from LSEG data July 22 at 09:42 p.m. UTC. ​All figures in euros unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)