Equities research analysts expect ServiceNow, Inc. (NYSE: NOW – Get Rating) will announce earnings per share of $ 1.69 for the current quarter, according to Zacks. Ten analysts made estimates for ServiceNow’s earnings, with the highest EPS estimate coming in at $ 1.80 and the lowest estimate coming in at $ 1.66. ServiceNow reported earnings per share of $ 1.52 in the same quarter last year, which would suggest a positive year -on -year growth rate of 11.2%. The company is expected to announce its next quarterly earnings report on Wednesday, April 27th.
On average, analysts expect ServiceNow to report full-year earnings of $ 7.36 per share for the current year, with EPS estimates ranging from $ 7.20 to $ 7.88. For next year, analysts expect the company to post earnings of $ 9.41 per share, with EPS estimates ranging from $ 9.11 to $ 10.34. The earnings calculations per share of Zacks are an average based on a survey of research analysts on the selling side that provide coverage for ServiceNow.
ServiceNow (NYSE: NOW – Get Rating) last announced its quarterly earnings results on Wednesday, January 26th. The information technology service provider reported $ 1.46 EPS for the quarter, ahead of Thomson Reuters ’consensus estimate of $ 1.43 of $ 0.03. ServiceNow has a net margin of 3.90% and a return on equity of 9.43%. In the same quarter last year, the company posted $ 0.16 EPS.
NOW has been the subject of several recent analyst reports. BMO Capital Markets boosted their price target on shares of ServiceNow from $ 600.00 to $ 635.00 and gave the stock an “outperform” rating in a research note on Thursday, January 27th. Jefferies Financial Group reduced their price target on shares of ServiceNow from $ 765.00 to $ 700.00 and set a “buy” rating on the stock in a report on Thursday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of ServiceNow from $ 820.00 to $ 700.00 and set a “buy” rating on the stock in a report on Friday, January 21st. Oppenheimer reduced their price target on shares of ServiceNow from $ 775.00 to $ 660.00 and set an “outperform” rating on the stock in a report on Thursday, Jan. 27th. Finally, Piper Sandler raised shares of ServiceNow from a “neutral” rating to an “overweight” rating and set a $ 650.00 price target on the stock in a report on Thursday, the 27th of January. Two investment analysts rated the stock with a hold rating and twenty-eight gave a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 694.07.
NYSE: NOW traded down $ 11.84 during noon trading on Friday, hitting $ 550.47. 20,320 shares of the company were exchanged, compared to its average volume of 2,000,968. The company has a fifty day simple moving average of $ 573.47 and a 200 day simple moving average of $ 623.06. ServiceNow has a fifty -two -week low of $ 448.27 and a fifty -two -week high of $ 707.60. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $ 110.09 billion, a PE ratio of 480.14, a price-to-earnings-growth ratio of 10.94 and a beta of 1.04.
In related news, Director Frederic B. Luddy sold 1,355 shares of stock in a transaction dated Tuesday, Dec. 7th. The shares were sold at an average price of $ 657.40, for a total value of $ 890,777.00. The transaction was disclosed in a legal filing with the SEC, available on the SEC website. Also, insider Christopher Bedi sold 647 shares of the stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $ 564.20, for a total transaction of $ 365,037.40. The disclosure for this sale can be found here. Insiders sold a total of 41,408 shares of the company’s stock worth $ 23,934,272 in the last quarter. 0.35% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of NOW. Lone Pine Capital LLC strengthened its holdings in shares of ServiceNow by 67.0% in the second quarter. Lone Pine Capital LLC now owns 2,468,798 shares of the information technology services provider’s stock worth $ 1,356,728,000 after purchasing an additional 990,073 shares during the period. Powered by BlackRock Inc. its holdings in ServiceNow shares of 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 purchasing an additional 657,340 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of ServiceNow in the fourth quarter worth approximately $ 400,884,000. Fisher Asset Management LLC strengthened its holdings in shares of ServiceNow by 164.8% in the fourth quarter. Fisher Asset Management LLC now owns 894,730 shares of the information technology services provider’s stock worth $ 580,778,000 after purchasing an additional 556,871 shares during the period. Finally, TD Asset Management Inc. its holdings in ServiceNow shares of 84.7% in the fourth 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. Institutional investors own 86.63% of the company’s stock.
About ServiceNow (Get a Rating)
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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