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Business Insider
23-07-2025
- Business
- Business Insider
SAP Earnings: European Software Giant's Stock Falls on Mixed Financial Results
The stock of SAP (SAP) is down 3% after the German enterprise software company reported mixed second-quarter financial results. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. SAP announced earnings per share (EPS) of 1.50 euros (US$1.76), which beat Wall Street estimates of €1.43 a share. Revenue in the April through June period of €9.03 billion just missed analyst expectations of €9.09 billion. Sales were up 9% from a year earlier. The company's cloud business continued to be the primary growth driver, with revenue in that business unit surging to €5.13 billion, up 24% year-over-year. Free cash flow was also strong, coming in at €2.35 billion, an 83% year-over-year increase. SAP's net income. Source: Main Street Data Cloud Strength SAP's move to become a leading cloud provider continues to gain traction, with the company's current cloud backlog reaching €18.05 billion, up 22% from the previous year. Cloud gross profit improved to €3.85 billion with a gross margin of 75.2%, showing continued improvement from 73.3% a year ago. SAP also reported strong growth across geographic regions. Cloud revenue in Asia-Pacific grew by 33% year-over-year during Q2, while the Americas performed well with 16% annualized growth. SAP's artificial intelligence (AI) innovation strategy is also driving its business transformation, with the rollout of AI agents delivering measurable efficiency improvements. SAP stock is up 25% this year. Is SAP Stock a Buy? The stock of SAP has a consensus Strong Buy rating among six Wall Street analysts. That rating is based on five Buy and one Hold ratings issued in the past three months. The average SAP price target of $327.60 implies 6.62% upside from current levels. These ratings are likely to change after the company's financial results.
Business Insider
25-06-2025
- Business
- Business Insider
BB Earnings: BlackBerry's Stock Gains as Company Reports First Profit in Three Years
The stock of BlackBerry (BB) is up 7% in after hours trading on news that the Canadian technology firm's latest financial results exceeded Wall Street's expectations. Confident Investing Starts Here: BlackBerry reported earnings per share of $0.02, which topped the loss of -$0.01 that was forecast among analysts. It was the former smartphone company's first quarterly profit in three years. Revenue in its Fiscal first-quarter totaled $121.7 million, which was nearly $10 million above consensus estimates. Both of BlackBerry's current operating divisions, cybersecurity and Internet of Things (IoT), posted sales that exceeded analyst estimates. 'BlackBerry made a strong start to the new Fiscal year, building on the solid foundation we as a company have laid over the past year,' said CEO John Giamatteo in the company's earnings statement. BlackBerry's net income. Source: Main Street Data Refocused Business The positive financial results come as BlackBerry refocuses its business under Giamatteo, who has served as CEO since late 2023. Over the past 18 months, BlackBerry has cut costs, sold one of its main cybersecurity businesses, and pivoted to focus on its software business for motor vehicles. The company returned $10 million to shareholders through stock buybacks, repurchasing 2.57 million shares during the quarter. BlackBerry also maintains a decent balance sheet with $381.9 million in cash on hand at the end of May. BB stock has gained 15% this year. Is BB Stock a Buy? BlackBerry's stock has a consensus Moderate Buy rating among three Wall Street analysts. That rating is based on one Buy and two Hold recommendations issued in the last three months. The average BB price target of $4.67 implies 10.40% upside from current levels.
Business Insider
24-06-2025
- Business
- Business Insider
KBH Earnings: KB Home's Stock Falls on Weak Forward Guidance
The stock of KB Home (KBH) is down about 3% after the U.S. homebuilder lowered its full-year guidance, saying it expects further weakness in the real estate market. Confident Investing Starts Here: The disappointing outlook overshadowed what was otherwise a strong print from KB Home. The Los Angeles, California-based company announced Fiscal second-quarter earnings per share (EPS) of $1.50, which beat the consensus estimate of $1.47. Revenue for the quarter ended May 31 was $1.53 billion, beating the $1.51 billion expected on Wall Street. However, both the top and bottom line numbers reported for Fiscal Q2 were lower than a year ago, when the company's EPS came in at $2.15 and its sales totaled $1.71 billion. KB Home also lowered its full-year Fiscal 2025 guidance, saying it now expects revenue of $6.30 billion to $6.50 billion, down from $6.60 billion to $7 billion previously. Homebuilding operating income declined to $131.5 million from $188.2 million a year ago, while the company's homebuilding operating margin fell 9% from 11.1% a year earlier in the latest quarter. Also, housing gross profit fell to 19.3% from 21.1% a year ago, mainly due to price reductions and homebuyer concessions. KB Home's net income. Source: Main Street Data Stock Buybacks In the company's earnings release, KB Home's CEO Jeffrey Mezger said, 'In this environment and given our strong existing land pipeline, we are scaling back our land acquisition and development investments while increasing share repurchases.' KB Home bought back $200 million worth of common stock at an average price of $54 per share in the just completed quarter. Mezger said the company plans to continue repurchasing shares during the rest of this year. The average selling price of a KB Home property was $488,700 during the recent quarter, down from $500,700 in the previous quarter amid ongoing softness in the real estate market. Net orders decline 13% year-over-year to 3,460, while net order value fell 21% to $1.61 billion. KBH stock has declined 18% this year. Is KBH Stock a Buy? The stock of KB Home has a consensus Hold rating among 14 Wall Street analysts. That rating is based on four Buy, eight Hold, and two Sell recommendations issued in the last three months. The average KBH price target of $66 implies 23.78% upside from current levels. These ratings are likely to change after the company's financial results.
Business Insider
13-06-2025
- Business
- Business Insider
RH Earnings: RH Stock Soars 18% on Strong Forward Guidance
Shares of RH (RH) are up 18% after the high-end furniture retailer reported a strong first-quarter profit and reaffirmed its full-year outlook. Confident Investing Starts Here: California-based RH, formerly known as Restoration Hardware, reported adjusted earnings per share (EPS) of $0.13, which was well ahead of the Wall Street consensus that called for a loss of -$0.07. Revenue in the first three months of the year totaled $814 million, which was slightly below estimates of $818 million. In terms of guidance, RH maintained its Fiscal 2025 outlook that calls for revenue growth of 10% to 13%, and a margin of up to 21%. Management said they also anticipate $350 million in free cash flow this year. In the current second-quarter, revenue is forecast to grow between 8% and 10%, even as the company absorbs near-term pressure from import tariffs and international expansion costs. RH's profitability. Source: Main Street Data Difficult Housing Market In the earnings release, management said they are operating in 'the worst housing market in almost 50 years.' Still, RH managed to increase its net revenues 12% year-over-year while maintaining 7% adjusted operating margins. CEO Gary Friedman said RH's expanding physical footprint, especially in Europe, continues to drive the company forward. International performance remains a bright spot for the furniture maker. RH England reported a 47% demand increase in Q1, while RH Munich and Düsseldorf in Germany saw combined growth of 60%. Customer demand in Paris, London, and Milan is expected to grow following gallery openings in those cities over the next year. While tariff risks remain, RH's management team said they are responding by shifting much of the company's sourcing out of China. RH stock has declined 55% this year. Is RH Stock a Buy? The stock of RH has a consensus Moderate Buy rating among 17 Wall Street analysts. That rating is based on 10 Buy, six Hold, and one Sell recommendations issued in the last three months. The average RH price target of $268.47 implies 51.79% upside from current levels. These ratings are likely to change after the company's financial results.
Business Insider
06-06-2025
- Business
- Business Insider
AVGO Earnings: Broadcom's Financial Results Squeak by Wall Street Estimates
Chipmaker Broadcom (AVGO) has reported Fiscal second-quarter financial results that narrowly beat Wall Street's forecasts. Confident Investing Starts Here: The Silicon Valley-based company announced earnings per share (EPS) of $1.58, which was ahead of the $1.56 expected among analysts. Revenue of $15 billion edged the $14.99 billion consensus expectation of analysts. Sales were up 20% year-over-year. In addition to the solid print, Broadcom's management team offered robust forward guidance, saying they now expect about $15.80 billion in Fiscal third-quarter revenue, versus $15.70 billion that was expected on the Street. Broadcom's income statement. Source: Main Street Data AI Impacts Broadcom said it had $4.40 billion in AI revenue during the latest quarter. Looking ahead, Broadcom said that it expects $5.10 billion in AI chip sales during the current quarter, adding that 'hyperscale partners continue to invest.' Hyperscalers refers to companies that build large cloud systems such as Amazon (AMZN) and Microsoft (MSFT). Sales to hyperscalers are reported in Broadcom's semiconductor solutions business unit, which had $8.40 billion in revenue during the quarter, a 17% increase from last year, and above the $8.34 billion that analysts anticipated. The software business, which includes VMware, grew 25% year-over-year to $6.60 billion in sales during the quarter. AVGO stock has risen 13% this year. Is AVGO Stock a Buy? average AVGO price target of $256.04 implies 1.50% downside risk from current levels. These ratings are likely to change after the company's financial results.
