SAP: Q3 Earnings Insights

SAP 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.

SAP beat their estimated earnings by 33.99%, which surprised analysts.

Revenue was up $435,000,000 from the same period last year.

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).

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.

Earnings Calendar