Service Today NOW is scheduled to release results in the first quarter of 2022 on Apr 27.
The Zacks Consensus Estimate for first-quarter earnings is currently pegged at $ 1.69 billion, up 24.53% from the figure reported last quarter.
The consensus mark for first -quarter earnings remained unchanged at $ 1.69 per share over the past 30 days, indicating a growth of 11.18% from the figure reported in the previous quarter.
ServiceNow’s earnings beat the Zacks Consensus Estimate in all of the following four quarters, a surprise average of 11.34%.
ServicesNow, Inc. Price and EPS Surprise
ServiceNow, Inc. price-eps-surprise | ServiceNow, Inc. Quote
Let’s take a look at how things are shaping up for ServiceNow before this announcement.
Gaming Factors
ServiceNow’s first quarter results are expected to benefit from the strong use of its workflow solutions by businesses amid the accelerated trend of digital transformation caused by the pandemic.
Top-line growth is likely to be driven by the company’s strong product portfolio and strong demand for the Now Platform in the to-be-reported quarter.
ServiceNow’s expanding worldwide presence, strong partner base and strategic buyouts are expected to strengthen the top line in the first quarter of 2022.
Key Developments in the Quarter
In the reporting quarter, DISH Network DISH and ServiceNow announced that DISH Wireless will use the latter’s platform to standardize network and service operations on America’s first Smart Network.
DISH Wireless added ServiceNow to its growing list of 5G network partners to help ensure the successful construction, deployment and maintenance of its standalone, 5G cloud-based network.
Moreover, on Mar. 23, ServiceNow announced its release on the Now Platform San Diego. The latest NOW platform has been upgraded with a new visual design and robotic process automation, which will provide hyperautomation to companies.
On Mar 14, ServiceNow announced the expansion of its Lightstep portfolio with the launch of Lightstep Incident Response. The solution will allow site reliability developers and engineers to monitor, alert, collaborate and respond to incidents such as software bugs, and power or network loss issues, all on one platform.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the likelihood of a profit loss. But that is not the case here.
ServiceNow has a Revenue ESP of -1.10% and a Zacks Rank #3. You can discover the best stocks to buy or sell before they are reported using our ESP Revenue Filter.
Stocks to Consider
Here are some companies to consider, as our model shows that they have the right combination of elements to beat revenues in their upcoming releases:
Fabrinet FN has an ESP in Revenue of +0.87% and a Zacks Rank #2. Here you will find the complete list of Zacks #1 Rank stocks today.
Fabrinet shares are down 17.6% year to date. Fabrinet is scheduled to report third-quarter fiscal 2022 results on May 2nd.
CDW (CDW) has a Revenue ESP of +0.17% and Zacks is #2 Ranked.
CDW shares dropped 17.2% on a year-to-date basis. The company is scheduled to report results for the first quarter of 2022 on May 4th.
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ServiceNow, Inc. (NOW): Free Stock Analysis Report
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