SAP (SAP, $126.70) posts Q4 earnings
SAP posted fourth-quarter 2020 non-IFRS earnings, which fell -7% year-over-year to €1.69 per share ($2.02). The Zacks Consensus Estimate for earnings was $2.00.
The software company’s revenues fell -6% from the year-ago quarter to €7.541 billion ($8.993 billion), (down 2% constant currency or cc). The Zacks Consensus Estimate was $9.09 billion.
Cloud revenues rose +7% year-over-year to €2.04 billion on a non-IFRS basis (up +13% at cc).
Software licenses revenues of €4.54 billion fell -8% year-over-year (down 4% at cc) year over year.
Cloud revenues related to Software as a Service (SaaS)/Platform as a Service (PaaS) increased +13% at cc to €1.937 billion. Cloud revenues related to Infrastructure as a Service (IaaS) climbed +17% year over year at cc to €224 million.
The company’s services business (accounting for 12.7% of total revenues) generated revenue of €960 million, down -20% year-over-year (down -16% at cc).
Looking ahead, SAP expects to benefit from “expedited shift to the cloud” in 2021. The company believes that the COVID-19 crisis impacts will start to decrease due to vaccine roll outs, and that will lead to "gradual improvement” in demand environment in the second half of 2021.
The company predicts cloud revenues to range between €9.1 billion to €9.5 billion on a non-IFRS basis, (+13%-+18% at cc.). It projects non-IFRS cloud and software revenues in the range of €23.3 billion to €23.8 billion (flat to up 2% at cc). Non-IFRS operating profit at cc is forecast in the range of €7.8 billion to €8.2 billion (down 1% to 6% at cc.).
SAP in upward trend: price expected to rise as it breaks its lower Bollinger Band on January 29, 2026
SAP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 38 cases where SAP's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SAP's RSI Oscillator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 55 cases where SAP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SAP just turned positive on February 13, 2026. Looking at past instances where SAP's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SAP advanced for three days, in of 322 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on February 27, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SAP as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SAP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SAP entered a downward trend on March 05, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.552) is normal, around the industry mean (10.736). P/E Ratio (28.499) is within average values for comparable stocks, (74.862). Projected Growth (PEG Ratio) (0.861) is also within normal values, averaging (1.944). Dividend Yield (0.013) settles around the average of (0.033) among similar stocks. P/S Ratio (5.565) is also within normal values, averaging (53.889).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 96, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SAP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a provider of e-business software solutions
Industry PackagedSoftware
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