Ahead of the quarterly figures due on Thursday, investors and analysts are equally optimistic about SAP.
• Investors are eagerly awaiting the balance sheet
• Analysts are positive
• SAP shares gain
Waiting for quarterly results
On Thursday, after the US stock market closes, SAP will provide an insight into its books and present the results for the first quarter of the current year. The analysts are optimistic about the software giant: On average, 17 experts expect earnings per share (EPS) of 1.64 euros, which would mean an increase compared to the previous year’s value of 1.52 euros. Significant growth is also expected in sales: 18 analysts are forecasting an average of 9.56 billion euros, which corresponds to an increase of around 6.10 percent compared to the same period last year (9.01 billion euros).
According to experts, this positive trend should continue throughout the entire fiscal year. For 2026, 29 analysts on average expect a significant jump in earnings to 7.18 euros per share, after 6.14 euros were achieved in the previous year. At the same time, an increase in sales to a total of 40.34 billion euros is expected, which means that SAP should significantly exceed the mark of 36.80 billion euros from the previous year.
Buy recommendation and analyst consensus
In the run-up to the quarterly figures due on Thursday, the software company’s shares also received a fresh buy recommendation from the bank HSBC. In addition to HSBC, other experts have also been optimistic about SAP in the past three months. According to TipRanks, out of a total of 19 ratings, 15 analysts recommend buying the stock, while 3 recommend holding the stock. Only one expert currently advises selling. The average price target is 231.19 euros and corresponds to a change of 52.94 percent compared to the last closing price of 151.16 euros.
This is how SAP shares react
Despite a buy recommendation and expectations for the quarterly report, SAP shares are in red territory as of midweek. In XETRA trading, the paper temporarily fell by 2.05 percent to 148.06 euros.
Evelyn Schmal, Julia Walter, Martina Köhler, editorial team finanzen.net
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