Equities research analysts expect ServiceNow, Inc. (NYSE: NOW) to post $ 1.43 earnings per share for the current quarter, according to Zacks Investment Research. Ten analysts made estimates for ServiceNow’s earnings. The highest EPS estimate is $ 1.60 and the lowest is $ 1.38. ServiceNow posted earnings per share of $ 1.17 in the same quarter last year, indicating a positive annual growth rate of 22.2%. The company is expected to report its next earnings report after the market closes on Wednesday, January 26th.
On average, analysts expect ServiceNow to report full-year earnings of $ 5.92 per share for the current fiscal year, with EPS estimates ranging from $ 5.87 to $ 6.09. For the next financial year, analysts predict the company will report earnings of $ 7.13 per share, with EPS estimates ranging from $ 6.81 to $ 7.94. The average earnings per share of Zacks is an average based on a survey of research analysts following ServiceNow.
ServiceNow (NYSE: NOW) last released its quarterly earnings data on Wednesday, October 27th. The information technology service provider reported $ 1.55 earnings per share (EPS) for the quarter, ahead of Thomson Reuters ’consensus estimate of $ 1.39 of $ 0.16. ServiceNow had a return on equity of 9.31% and a net margin of 3.99%. The business had revenue of $ 1.51 billion in the quarter, compared to the agreed $ 1.48 billion. At the same time last year, the company posted $ 0.30 earnings per share. Business revenue rose 31.3% on a year-on-year basis.
Several equities analysts have weighed in NOW shares. raised their price target on shares of ServiceNow from $ 650.00 to $ 715.00 and gave the stock a “buy” rating in a research report on Thursday, October 28th. BMO Capital Markets boosted their price target on ServiceNow shares from $ 650.00 to $ 705.00 and gave the company an “outperform” rating in a report on Thursday, October 28th. They noticed that the step was a call to appreciation. Morgan Stanley raised their price target on shares of ServiceNow from $ 796.00 to $ 807.00 and gave the stock an “overweight” rating in a report on Thursday, October 28th. Barclays lowered their price target on ServiceNow shares from $ 791.00 to $ 680.00 in a report on Wednesday, January 12th. Finally, Piper Sandler raised their price target on ServiceNow shares from $ 585.00 to $ 650.00 and gave the company a “neutral” rating in a research report on Thursday, October 28th. Three analysts rated the stock with a hold rating, twenty-seven issued a buy rating and one issued a strong buy rating on the stock. Based on data from MarketBeat.com, ServiceNow currently has a consensus rating of “Buy” and an average price target of $ 708.83.
NYSE: NOW shares opened at $ 495.08 on Friday. ServiceNow has a 12 -month low of $ 448.27 and a 12 -month high of $ 707.60. The stock has a market cap of $ 98.52 billion, a price-to-earnings ratio of 454.20, a PEG ratio of 9.60 and a beta of 1.01. The stock’s 50 day average moving price is $ 612.34 and its 200 day average price is $ 624.92. The company has a debt-to-equity ratio of 0.42, current ratio of 1.13 and quick ratio of 1.13.
In related news, Director Frederic B. Luddy sold 15,000 shares of business stock in a transaction that occurred on Wednesday, January 12th. The stock was sold at an average price of $ 577.36, for a total transaction of $ 8,660,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis Woodside acquired 2,861 shares of the business’s stock in a transaction that occurred on Monday, November 8th. The shares were purchased at an average price of $ 694.58 per share, with a total value of $ 1,987,193.38. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 24,655 shares of the company’s stock worth $ 15,161,081. 0.35% of the stock is owned by insiders.
Large investors have recently added or reduced their stakes in the stock. The Public Sector Pension Investment Board grew its position in ServiceNow shares by 7.9% in the 3rd quarter. The Public Sector Pension Investment Board now owns 33,410 shares of the information technology services provider’s stock worth $ 20,790,000 after buying an additional 2,460 shares in the last quarter. Raised by Stephens Inc. AR had its stake in ServiceNow by 30.8% in the second quarter. Stephens Inc. AR now owns 30,423 shares of the information technology services provider’s stock worth $ 16,719,000 after buying an additional 7,172 shares last quarter. ING Groep NV raised its stake in shares of ServiceNow by 3.7% in the third quarter. ING Groep NV now owns 16,822 shares of the information technology services provider’s stock worth $ 10,468,000 after buying an additional 605 shares last quarter. First Growth Investment Manager LP raised its stake in shares of ServiceNow by 5,759.2% in the second quarter. First Growth Investment Manager LP now owns 11,191 shares of the information technology services provider’s stock worth $ 6,150,000 after buying an additional 11,000 shares in the last quarter. Finally, Beaumont Asset Management LLC raised its stake in ServiceNow shares by 8.0% in the second quarter. Beaumont Asset Management LLC now owns 5,501 shares of the information technology services provider’s stock worth $ 3,023,000 after buying an additional 408 shares last quarter. Institutional investors own 86.14% of the company’s stock.
ServiceNow Company Profile
ServiceNow, Inc. is engaged in providing enterprise cloud computing solutions. The company delivers digital workflows on an enterprise cloud platform called Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. It offers its solutions for industries under the categories of government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products. .
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