Equities analysts expect ServiceNow, Inc. (NYSE: NOW-Get Rating) to report earnings of $ 1.59 per share for the current quarter, according to Zacks Investment Research. Ten analysts made estimates for ServiceNow’s earnings. The minimum EPS estimate is $ 1.52 and the maximum is $ 1.90. ServiceNow posted earnings per share of $ 1.42 in the same quarter last year, suggesting a positive annual growth rate of 12%. The company is expected to release its next earnings results on Monday, January 1st.
On average, analysts expect ServiceNow to report full-year earnings of $ 7.36 per share for the current year, with EPS estimates ranging from $ 7.21 to $ 7.88. For next year, analysts expect the business to post earnings of $ 9.43 per share, with EPS estimates ranging from $ 9.05 to $ 10.34. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts following ServiceNow.
ServiceNow (NYSE: NOW-Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 1.70 of $ 0.03. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. The company had revenue of $ 1.72 billion for the quarter, compared to the consensus estimate of $ 1.70 billion. In the same quarter last year, the company posted $ 0.50 EPS. Business revenue rose 26.6% compared to the same quarter last year.
Some research companies have recently released reports on NOW. Bank of America lowered their price target on ServiceNow from $ 725.00 to $ 680.00 and set a “buy” rating on the stock in a research report on Thursday, January 27th. Canaccord Genuity Group lowered their price target on ServiceNow shares from $ 715.00 to $ 615.00 and set a “buy” rating for the company in a research note on Thursday, January 27th. BNP Paribas cut ServiceNow shares from a “neutral” rating to an “underperform” rating and set a $ 460.00 target price on the stock. in a research note on Tuesday, March 29th. Cowen lowered their target price on ServiceNow shares from $ 725.00 to $ 695.00 in a research report on Thursday, April 28th. Finally, Royal Bank of Canada reduced their price target on ServiceNow from $ 700.00 to $ 660.00 and set an “outperform” rating on the stock in a report on Monday, April 25th. Two equities research analysts rated the stock with a sell rating, three gave a hold rating and twenty-seven assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average “Buy” rating and a consensus target price of $ 667.97.
In other news, General Counsel Russell S. Elmer sold 2,092 shares of stock in a transaction on Monday, Feb. 7th. The stock was sold at an average price of $ 577.99, for a total value of $ 1,209,155.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Bedi sold 495 shares of the company’s stock in a transaction on Friday, April 29th. The stock was sold at an average price of $ 489.18, for a total value of $ 242,144.10. Following the completion of the transaction, the insider now owns 12,977 shares in the company, valued at $ 6,348,088.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,868 shares of the company’s stock worth $ 18,684,741. 0.35% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently changed their holdings in the business. Norges Bank acquired a new stake in shares of ServiceNow in the 4th quarter worth approximately $ 1,117,096,000. Powered by BlackRock Inc. its position in ServiceNow shares by 4.2% in the third quarter. BlackRock Inc. now owns 16,125,077 shares of the information technology services provider’s stock worth $ 10,034,153,000 after buying an additional 657,340 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of ServiceNow in the 4th quarter worth $ 400,884,000. Fisher Asset Management LLC raised its position in ServiceNow shares by 164.8% in the 4th quarter. Fisher Asset Management LLC now owns 894,730 shares of the information technology services provider’s stock worth $ 580,778,000 after buying an additional 556,871 shares in the last quarter. Finally, TD Asset Management Inc. its stake in ServiceNow was 84.7% in the 4th quarter. TD Asset Management Inc. now owns 1,207,201 shares of the information technology services provider’s stock worth $ 783,606,000 after purchasing an additional 553,517 shares during the period. Hedge funds and other institutional investors own 87.20% of the company’s stock.
ServiceNow stock opened at $ 456.74 on Thursday. The business has a 50-day moving average price of $ 528.72 and a two-hundred-day moving average price of $ 585.87. The company has a fast ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.37. ServiceNow has a 12 -month low of $ 438.12 and a 12 -month high of $ 707.60. The stock has a market cap of $ 91.56 billion, a price-to-earnings ratio of 415.22, a price-to-earnings-growth ratio of 9.77 and a beta of 1.09.
About ServiceNow (Get a Rating)
ServiceNow, Inc. provides enterprise cloud computing solutions that define, develop, integrate, manage, and automate services for businesses around the world. It runs the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.
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