Service Today (NYSE: NOW) is scheduled to release its latest quarterly earnings report on Wednesday, 2022-01-26. Here’s what investors need to know before the announcement.
Analysts estimate that ServiceNow is likely to report Earnings Per Share (EPS) of $ 1.43.
The ServiceNow bulls hope to hear the company announce that they not only beat that estimate, but to also provide positive guidance, or estimated growth, for the next quarter.
New investors should keep in mind that sometimes it is not a loss or lack of earnings that most affects the price of a stock, but the guidance (or forecast).
Historical Performance of Revenues
Last quarter the company beat EPS by $ 0.17, followed by a 3.45% increase in share price the next day.
Here’s a look at ServiceNow’s past performance and the resulting price change:
| quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.38 | 1.21 | 1.34 | 1.05 |
| Actual EPS | 1.55 | 1.42 | 1.52 | 1.17 |
| % of Price Change | 3.45% | 0.53% | -9.37% | 7.31% |
Stock Performance
Shares of ServiceNow traded at $ 525.84 on Jan. 24. Over the past 52-week period, shares have dropped 2.46%. Since these returns are generally negative, long -term shareholders are likely to be somewhat upset when it comes to the release of these earnings.
To keep track of all upcoming earnings announcements, click here to use the Benzinga Earnings Calendar.