Wall Street analysts expect ServiceNow, Inc. (NYSE: NOW-Get Rating) will announce $ 1.59 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Ten analysts provided estimates for ServiceNow’s earnings, with the highest EPS estimate entering $ 1.90 and the lowest estimate entering $ 1.52. ServiceNow reported earnings per share of $ 1.42 in the same quarter last year, which would suggest a positive year -on -year growth rate of 12%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect ServiceNow to report full-year earnings of $ 7.36 per share for the current fiscal year, with EPS estimates ranging from $ 7.21 to $ 7.88. For the next financial year, analysts predict that the company will post earnings of $ 9.42 per share, with EPS estimates ranging from $ 9.05 to $ 10.34. The earnings calculations per share of Zacks are an average based on a survey of selling side research companies that provide coverage for ServiceNow.
ServiceNow (NYSE: NOW-Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 1.73 revenue per share for the quarter, topping the consensus estimate of $ 1.70 of $ 0.03. The company had revenue of $ 1.72 billion in the quarter, compared to analysts ’expectations of $ 1.70 billion. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. ServiceNow’s revenue increased 26.6% on a year-on-year basis. In the same quarter last year, the company posted $ 0.50 EPS.
Some research companies have released reports NOW. Barclays cut their target price on ServiceNow shares from $ 652.00 to $ 613.00 in a research report on Thursday, April 28th. Truist Financial lowered their target price on ServiceNow shares from $ 700.00 to $ 600.00 in a report on Tuesday, May 10th. BMO Capital Markets reduced their target price on ServiceNow from $ 635.00 to $ 570.00 in a research note on Wednesday, April 27th. StockNews.com began coverage on ServiceNow in a research report on Thursday, March 31st. They gave a “hold” rating to the stock. Finally, Exane BNP Paribas downgraded ServiceNow from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 29th. Two investment 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, the company currently has an average “Buy” rating and a consensus target price of $ 638.59.
In other ServiceNow news, COO Chirantan Jitendra Desai sold 5,000 shares of ServiceNow stock in a transaction on Monday, February 28th. The shares were sold at an average price of $ 575.44, for a total transaction of $ 2,877,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 932 shares of stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $ 490.26, for a total transaction of $ 456,922.32. Following the completion of the transaction, the director now directly owns 707 shares in the company, valued at $ 346,613.82. The disclosure for this sale can be found here. Insiders have sold 15,370 shares of the company’s stock worth $ 8,436,928 over the past ninety days. Insiders own 0.35% of the company’s stock.
Hedge funds have recently changed their holdings in the business. EverSource Wealth Advisors LLC grew its position in ServiceNow shares by 85.0% in the first quarter. EverSource Wealth Advisors LLC now owns 148 shares of the information technology services provider’s stock worth $ 83,000 after buying an additional 68 shares in the last quarter. LM Kohn & Company bought a new stake in shares of ServiceNow in the first quarter worth approximately $ 724,000. M Holdings Securities Inc. acquired a new position in shares of ServiceNow in the first quarter worth approximately $ 372,000. Advisory Services Network LLC increased its position on ServiceNow by 68.2% in the first quarter. Advisory Services Network LLC now owns 10,318 shares of the information technology services provider’s stock worth $ 5,746,000 after acquiring an additional 4,182 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in ServiceNow by 56.5% in the 1st quarter. EP Wealth Advisors LLC now owns 1,077 shares of the information technology services provider’s stock worth $ 600,000 after purchasing an additional 389 shares during the period. Hedge funds and other institutional investors own 87.20% of the company’s stock.
ServiceNow stock traded $ 2.71 in mid-day trading on Thursday, reaching $ 455.00. The stock had a trading volume of 74,592 shares, compared to its average volume of 1,838,368. The stock has a 50-day simple moving average of $ 500.12 and a two-hundred day simple moving average of $ 563.50. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $ 91.21 billion, a PE ratio of 413.21, a P/E/G ratio of 8.35 and a beta of 1.09. ServiceNow has a 12 -month low of $ 406.47 and a 12 -month high of $ 707.60.
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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