SAP "market perform," estimates revised

14.07.06 - JMP Securities

LONDON, July 14 (newratings.com) - Analysts at JMP Securities maintain their "market perform" rating on SAP AG (SAP-EUR), while revising their estimates for the company.

In a research note published yesterday, the analysts mention that the company has pre-announced disappointing 2Q06 revenues. SAP has posted its pro forma EPS for the quarter ahead of the estimates and the consensus. The EPS estimate for FY06 has been raised from ?6.09 to ?6.12. The EPS estimate for 2007 has been reduced from ?7.08 to ?6.87.