Yahoo Finance SAP First Quarter 2024 Earnings: EPS Misses Expectations
SAP (ETR:SAP) First Quarter 2024 Results
Key Financial Results
Revenue: €8.04b (up 8.0% from 1Q 2023).
Net loss: €828.0m (down by 322% from €373.0m profit in 1Q 2023).
€0.71 loss per share (down from €0.32 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SAP EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany.
Performance of the German Software industry.
The company's shares are up 2.6% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for SAP that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
