ServiceNow, Inc. (NYSE: NOW) expected to announce earnings of $1.39 per share

According to Zacks Investment Research, equity analysts are referred to as ServiceNow, Inc. (NYSE:NOW) is expected to post $1.39 earnings per share for the current quarter. Nine analysts have forecast earnings for ServiceNow, with the highest EPS estimate coming in at $1.50 and the lowest estimate at $1.34. ServiceNow reported earnings of $1.21 per share during the same quarter last year, indicating a positive year-over-year growth rate of 14.9%. The business is expected to report its next quarterly earnings report after market close on Wednesday, October 27.

On average, analysts expect ServiceNow to report full-year earnings of $5.81 per share for the current year, with EPS estimates of $5.72 to $6.04. For the next fiscal year, analysts expect the firm to post earnings of $7.22 per share, with EPS estimates ranging from $6.85 to $7.60. Jax’s EPS calculation is based on an average sell-side research survey of analysts who follow Service Now.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, July 28. The information technology services provider reported earnings per share (EPS) for the quarter of $1.42, up from analysts’ consensus estimates of $0.16 to $1.26. ServiceNow had a return on equity of 9.10% and a net margin of 3.30%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.36 billion.

Several equity analysts have weighed in on the stock recently. Robert W. Baird raised his price target on Service Now shares from $340.00 to $390.00 and gave the stock an “outperform” rating in a research note dated Thursday, July 29. Mizuho raised its price target on Service Now shares from $640.00 to $650.00 and gave the stock a “buy” rating in a research note dated Thursday, July 29. Piper Sandler raised its price target on Service Now shares from $550.00 to $585.00 and gave the stock a “neutral” rating in a research note dated Friday, July 9. BMO Capital Markets raised its price target on Service Now shares from $575.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, July 29th. Finally, The Goldman Sachs Group raised its price target on ServiceNow shares from $695.00 to $725.00 in a research note on Thursday, July 29. Two investment analysts have rated the stock with a hold rating, thirty-one assigned a buy rating and one issued a strong buy rating to the stock. Based on data from MarketBeat.com, ServiceNow currently has a consensus rating of “Buy” and an average target price of $653.97.

The NYSE Now traded at $10.15 during trading hours on Friday, reaching $663.18. 919,285 shares of the company’s stock were exchanged, while its average volume was 1,365,145. The company has a 50-day moving average of $630.66 and a two-hundred-day moving average of $561.51. ServiceNow has a one-year low of $448.27 and a one-year high of $681.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $131.38 billion, a price-to-earnings ratio of 789.51, a price-to-earnings-growth ratio of 17.05 and a beta of 0.92.

In other ServiceNow news, Director Anita M. Sands sold 994 shares of ServiceNow stock in a transaction on Thursday, July 29. The stock was sold at an average price of $600.00, for a total value of $596,400.00. Following the transaction, the director now owns 707 shares in the company, valued at $424,200. The transaction was disclosed in a document filed with the SEC, which is accessible via this hyperlink. Additionally, CFO Gina Mastantuono sold 578 shares of ServiceNow in a transaction that took place on Monday, October 11. The shares were sold at an average price of $618.02 for a total value of $357,215.56. The disclosure of this sale can be found here. Insiders sold 31,861 shares of company stock worth $18,888,544 in the past 90 days. 0.35% of the stock is owned by company insiders.

Large investors have recently increased or decreased their stake in the company. Selective Wealth Management Inc. purchased a new stake in Service Now shares for approximately $30,000 during the second quarter. Wolverine Asset Management LLC increased its stake in Service Now shares by 1,160.0% during the first quarter. Wolverine Asset Management LLC now holds 63 shares worth 31,000 shares of the information technology services provider after purchasing an additional 58 shares during the last quarter. SRS Capital Advisors Inc. purchased a new stake in Service Now shares for approximately $33,000 during the second quarter. Lloyd Advisory Services LLC. Its stake in ServiceNow shares increased by 48.8% during the second quarter. Lloyd Advisory Services LLC. Now owns 61 shares of the information technology services provider, valued at $34,000, after purchasing an additional 20 shares during the previous quarter. Finally, Bedel Financial Consulting Inc. increased its stake in ServiceNow shares to 97.0% in the second quarter. Bedel Financial Consulting Inc. It now owns 65 shares of the information technology services provider’s $36,000 stock after acquiring an additional 32 shares during the period. Institutional investors hold 85.42% shares of the company.

About Service Now

ServiceNow, Inc. engages in the provision of enterprise cloud computing solutions. The firm delivers digital workflows on a single enterprise cloud platform called the Now Platform. Its product portfolio focuses on providing information technology, employee and customer workflows. It offers its solutions to 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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