$1.02 Earnings Per Share Expected for ServiceNow Inc (NYSE:NOW) This Quarter

Equities analysts predict that ServiceNow Inc (NYSE:NOW) will post $1.02 earnings per share for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for ServiceNow’s earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $0.97. ServiceNow posted earnings per share of $0.71 in the same quarter last year, which suggests a positive year over year growth rate of 43.7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, July 22nd.

On average, analysts expect that ServiceNow will report full-year earnings of $4.24 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $4.46. For the next year, analysts expect that the company will post earnings of $5.37 per share, with EPS estimates ranging from $5.18 to $5.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover ServiceNow.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, April 29th. The information technology services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. ServiceNow had a net margin of 18.19% and a return on equity of 9.47%. The firm’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 earnings per share.

NOW has been the subject of a number of research reports. Piper Sandler cut shares of ServiceNow from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $310.00 to $360.00 in a research note on Thursday, April 30th. Morgan Stanley raised their target price on shares of ServiceNow from $307.00 to $336.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Goldman Sachs Group dropped their price objective on shares of ServiceNow from $380.00 to $376.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Jefferies Financial Group lifted their price objective on shares of ServiceNow from $340.00 to $375.00 in a research note on Thursday, April 30th. Finally, Citigroup lifted their price objective on shares of ServiceNow from $365.00 to $388.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $365.07.

NOW stock traded up $10.08 during trading hours on Monday, reaching $385.13. The stock had a trading volume of 1,526,582 shares, compared to its average volume of 1,793,643. The stock has a market capitalization of $71.52 billion, a PE ratio of 112.61, a price-to-earnings-growth ratio of 13.21 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50-day simple moving average of $365.35 and a 200 day simple moving average of $315.81. ServiceNow has a fifty-two week low of $213.99 and a fifty-two week high of $405.53.

In related news, General Counsel Russell S. Elmer sold 1,400 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $354.94, for a total transaction of $496,916.00. Following the transaction, the general counsel now owns 5,982 shares in the company, valued at approximately $2,123,251.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chirantan Jitendra Desai sold 1,562 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $384.13, for a total transaction of $600,011.06. Following the transaction, the insider now owns 23,805 shares in the company, valued at approximately $9,144,214.65. The disclosure for this sale can be found here. Insiders have sold a total of 319,600 shares of company stock worth $108,795,151 in the last quarter. 1.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Capital Research Global Investors increased its stake in ServiceNow by 31.2% during the 1st quarter. Capital Research Global Investors now owns 5,013,893 shares of the information technology services provider’s stock valued at $1,436,881,000 after purchasing an additional 1,190,890 shares in the last quarter. Capital International Investors increased its stake in ServiceNow by 49.8% during the 4th quarter. Capital International Investors now owns 4,806,420 shares of the information technology services provider’s stock valued at $1,356,949,000 after purchasing an additional 1,598,859 shares in the last quarter. Polen Capital Management LLC increased its stake in ServiceNow by 61.1% during the 1st quarter. Polen Capital Management LLC now owns 3,125,270 shares of the information technology services provider’s stock valued at $895,640,000 after purchasing an additional 1,184,844 shares in the last quarter. Geode Capital Management LLC increased its stake in ServiceNow by 3.8% during the 1st quarter. Geode Capital Management LLC now owns 2,654,585 shares of the information technology services provider’s stock valued at $759,111,000 after purchasing an additional 96,715 shares in the last quarter. Finally, Norges Bank bought a new stake in ServiceNow during the 4th quarter valued at $534,605,000. Institutional investors and hedge funds own 92.30% of the company’s stock.

About ServiceNow

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers information technology (IT) service management applications, as well as digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.

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Earnings History and Estimates for ServiceNow (NYSE:NOW)

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