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Service Today NOW is scheduled to release fourth quarter 2021 results on Jan. 26.
The Zacks Consensus Estimate for fourth-quarter earnings is currently pegged at $ 1.60 billion, suggesting growth of 28.1% from the previous quarter.
The consensus mark for fourth -quarter earnings remained unchanged at $ 1.43 per share over the past 30 days, indicating a 22.22% improvement from the previous quarter.
– Zacks
Factors to Remember
ServiceNow’s fourth quarter performance likely benefited from the strong use of its workflow solutions by businesses amid the accelerated trend of digital transformation caused by the pandemic.
The company’s solid product portfolio and the Now Platform are likely to contribute to the to-be-reported quarter’s performance.
ServiceNow expects fourth-quarter non-GAAP adjusted subscription billings of between $ 2.305 billion and $ 2.310 billion (adjusted for the same currency), indicating growth of 26% annually.
The Zacks Consensus Estimate for subscription charges is currently pegged at $ 2.307 billion, suggesting a 26% improvement from the figure reported last quarter.
ServiceNow’s growing presence, solid partner base, and strategic purchases can be seen in the fourth quarter results.
The company is strengthening its portfolio offerings in the cloud-computing market through its expanded partnership with SentinelOne S.
ServiceNow partners with SentinelOne security and IT teams to provide better, smoother and comprehensive incident response in endpoints and cloud environments. The latest move will help SentinelOne gain strong momentum among customers, worldwide, due to the rising number of cyber-attacks, guaranteeing the rise of security infrastructures.
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 -2.39% and a Zacks Rank of #4 (Sell). 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 other companies you might consider, as our model shows that they also have the right combination of elements to post a beating profit in their upcoming releases:
Alphabet GOOGL has a Revenue ESP of +7.71% and a Zacks Rank #2. You see the complete list of Zacks #1 Rank stocks is now here.
The Zacks Consensus Estimate for 2022 earnings has risen 0.33% over the past 60 days to $ 108.27 per share.
Apple AAPL has a Revenue ESP of +2.89% and a Zacks Rank of 3, at present.
The Zacks Consensus Estimate for earnings in 2022 has risen 0.68% over the past 60 days to $ 5.81 per share.
Stay up to date with upcoming earnings announcements with the Zacks Earnings Calendar.
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Apple Inc. (AAPL): Free Stock Analysis Report
SentinelOne, Inc. (S): Free Stock Analysis Report
ServiceNow, Inc. (NOW): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
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