Zacks reported that Wall Street analysts forecast ServiceNow Inc (NYSE:NOW) earnings per share for this quarter at $1.03. Nine analysts have estimated ServiceNow’s earnings, the highest EPS estimate is $1.05, and the lowest estimate is $0.97. ServiceNow announced earnings per share for the same period last year of 0.99 US dollars, which means a year-on-year growth of 4%. The company is scheduled to report its next earnings report after the market closes on October 28 (Wednesday).
According to Zacks, analysts expect ServiceNow to report full-year earnings per share of US$4.43 this year, with earnings per share estimated to be between US$4.31 and US$4.52. For the next fiscal year, analysts predict that the company will release earnings per share of US$5.46, with earnings per share estimated to be between US$5.00 and US$5.94. Zacks Investment Research’s EPS average is an average of a survey of research companies that cover ServiceNow.
ServiceNow (NYSE:NOW) recently released quarterly earnings data on Wednesday, July 29. The information technology service provider reported earnings per share (EPS) of $1.23 for the quarter, which was $1.03 higher than the Zacks consensus estimate of $0.20. ServiceNow’s return on equity is 11.09%, and its net interest rate is 18.42%. The business’s revenue this quarter was 1.07 billion U.S. dollars, while the market generally expected it to be 1.05 billion U.S. dollars. In the same period last year, the company’s earnings per share were $0.71. ServiceNow’s quarterly revenue increased by 28.4% year-on-year.
Recently, many research analysts have commented on the stock. Zacks Investment Research lowered ServiceNow’s stock rating from “Strong Buy” to “Hold” and set a price target of $465.00 for the company. In the research report on Wednesday, July 1. Canaccord Genuity raised its ServiceNow price target from $375.00 to $475.00 and gave the stock a “buy” rating in its research report on Thursday, July 30. Mizuho increased ServiceNow’s price target from $500.00 to $560.00 and rated the company as “Buy” in a research report on Thursday, October 15. BMO Capital Markets raised ServiceNow’s target price from US$475.00 to US$562.00 in a research report on Thursday, October 15th, and gave the stock an “outperform” rating. Finally, Edward Jones began reporting on ServiceNow in a research report on Wednesday. They issued a “buy” rating on the stock. Seven research analysts have assigned the stock a hold rating, 23 have issued a buy rating, and one has issued a strong buy rating on the company. The stock’s current average rating is “Buy” and the consensus price target is $470.81.
In other news, director Frederic B. Luddy sold 28,600 shares of the company in a transaction conducted on Thursday, August 13. The average price of the stock is US$436.48 and the total value is US$12,483,328.00. After the sale, the directors now directly own 811 shares of the company, valued at approximately US$353,985.28. The transaction has been disclosed in SEC documents, which can be found on the SEC website. In addition, insider Chirantan Jitendra Desai sold 1,559 shares of the company in a transaction that took place on Monday, August 10. The average price of the stock is US$430.44 and the total transaction price is US$671,055.96. After the sale is complete, insiders now own 994 shares of the company, valued at $427,857.36. The disclosure of this sale can be found here. In the past 90 days, insiders sold 102,787 shares of the company’s stock worth $48,034,144. Company insiders own 0.72% of the company’s shares.
Many institutional investors have recently revised their holdings. CX Institutional increased its holdings of ServiceNow shares by 16.7% in the third quarter. After purchasing another 23 shares in the previous quarter, CX Institutional now owns 161 shares of information technology service providers worth $78,000. Evercore Wealth Management LLC increased its position in ServiceNow by 1.2% in the second quarter. Evercore Wealth Management LLC now owns 1,964 shares of the information technology service provider, valued at $796,000, after the company purchased another 24 shares. Orion Portfolio Solutions LLC increased its holdings in ServiceNow by 2.8% in the second quarter. Orion Portfolio Solutions LLC currently owns 873 shares of information technology service providers worth $354,000 after the company purchased an additional 24 shares in the previous quarter. Meridian Wealth Management LLC increased its position in ServiceNow by 1.1% in the third quarter. Meridian Wealth Management LLC now owns 2,293 shares of information technology service providers, valued at US$1,112,000 after purchasing 24 additional shares during this period. In the end, Nelson Vandenberg & Campbell Wealth Management Group LLC increased its position in ServiceNow by 43.9% in the second quarter. After Nelson Vandenberg & Campbell Wealth Management Group LLC purchased an additional 25 shares during this period, it now owns 82 shares of information technology service providers, valued at $33,000. Hedge funds and other institutional investors own 90.05% of the company’s shares.
In Friday afternoon trading, NYSE NOW’s stock price rose by $5.81 to $511.77. The company’s stock trading volume was 13,427 shares, while its average trading volume was 1,953,174. The stock’s 50-day simple moving average is $481.82, and the 200-day simple moving average is $412.69. The company’s current ratio is 1.17, quick ratio is 1.17, and debt-to-equity ratio is 0.28. The stock has a market capitalization of 97.04 billion U.S. dollars, a P/E ratio of 139.20, a PEG of 18.62, and a beta of 1.27. ServiceNow’s 52-week low was $213.99, and its 52-week high was $533.37.
About ServiceNow
ServiceNow, Inc provides enterprise cloud computing solutions that define, organize, manage and automate services for global enterprises. The company provides information technology (IT) service management applications and digital workflow products for customer service, human resources, security operations, integrated risk management, and other corporate departments.
Feature story: What is intrinsic value?
Get a free copy of the Zacks Research Report on ServiceNow (NOW)
For more information about the research products offered by Zacks Investment Research, please visit Zacks.com.
This instant news alert is generated by narrative science and technology and MarketBeat’s financial data, and aims to provide readers with the fastest and most accurate reports. Before publishing, this story has been reviewed by MarketBeat’s editorial team.Please send any questions or comments about this story to [email protected]
7 retail stocks to resist the pandemic
When the COVID-19 pandemic hits, there is no reason to think that a retailer, any retailer can be reborn. After all, the economy is in a period of closure for a month or more, and most retailers rely on first-line profits to survive. What most analysts fail to consider is that the economic health is pandemic and what this means for spending power.
As early as February 2020, the US economy was on the verge of acceleration. It was a different period. Employment was the strongest period in decades, and consumers were abundant. Yes, stimulus checks helped drive the trend I suggested, but before these checks were sent, spending on “stay at home”, “home improvement” and “outdoor living” began.
What we will show you is a group of stocks that can resist the pandemic. Some of them are fully prepared for the crisis and surf like huge profits. Some people can adjust and fight again. Others circled the carriage, waiting for the storm. In all cases, companies will receive healthy e-commerce support and benefit from brand recognition. This combination has resulted in a triple-digit increase in digital sales since 2019. And some of these companies also paid high dividends!
Check out “7 retail stocks to resist the pandemic”.
.
#ServiceNow #NYSE #expected #announce #earnings #share
More from Source