Wall Street analysts predicted that ServiceNow, Inc. (NYSE: NOW-Get Rating) will announce earnings of $ 1.59 per share for the current quarter, according to Zacks Investment Research. Ten analysts provided estimates for ServiceNow’s earnings. The maximum EPS estimate is $ 1.90 and the minimum is $ 1.52. ServiceNow reported earnings per share of $ 1.42 in the same quarter last year, which would suggest a positive annual growth rate of 12%. The company is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect ServiceNow to report full-year revenue of $ 7.36 per share for the current 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. Zacks ’EPS averages are an average based on a survey of analysts covering ServiceNow.
ServiceNow (NYSE: NOW-Get Rating) last released its earnings results on Wednesday, April 27th. The information technology service provider reported $ 1.73 EPS for the quarter, ahead of the consensus estimate of $ 1.70 of $ 0.03. The business had revenue of $ 1.72 billion in the quarter, compared to analysts ’expectations of $ 1.70 billion. ServiceNow has a return on equity of 8.66% and a net margin of 3.56%. ServiceNow’s revenue rose 26.6% compared to the same quarter last year. In the same quarter last year, the company posted $ 0.50 earnings per share.
Several research companies commented recently on NOW. Jefferies Financial Group reduced their target price on ServiceNow shares from $ 700.00 to $ 550.00 in a report Monday. Cowen lowered their target price on ServiceNow shares from $ 725.00 to $ 695.00 in a report on Thursday, April 28th. Stifel Nicolaus lowered their target price on ServiceNow shares from $ 650.00 to $ 550.00 in a research note on Wednesday. Credit Suisse Group reduced their price target on ServiceNow from $ 800.00 to $ 700.00 in a research report on Thursday, April 28th. Finally, Exane BNP Paribas downgraded ServiceNow from a “neutral” rating to an “underperform” rating in a research report on Tuesday, March 29th. Two analysts rated the stock with a sell rating, three assigned a hold rating and twenty-seven gave the company a buy rating. Based on data from MarketBeat.com, ServiceNow currently has an average “Buy” rating and a consensus target price of $ 638.59.
In other news, insider Christopher Bedi sold 700 shares of the company’s stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $ 581.04, for a total transaction of $ 406,728.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, available through this hyperlink. Also, COO Chirantan Jitendra Desai sold 5,000 shares of the company’s stock in a transaction that took place on Monday, February 28th. The stock was sold at an average price of $ 575.44, for a total value of $ 2,877,200.00. The disclosure for this sale can be found here. In the past three months, insiders have sold 15,370 shares of the company’s stock worth $ 8,436,928. Insiders own 0.35% of the company’s stock.
Hedge funds have recently made changes to their stock positions. Chilton Capital Management LLC bought a new position in ServiceNow in the 4th quarter worth $ 25,000. Eagle Bay Advisors LLC raised its position on ServiceNow by 75.0% in the 3rd quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after buying an additional 18 shares in the last quarter. OLD Second National Bank of Aurora bought a new position in ServiceNow in the 1st quarter worth $ 28,000. High Net Worth Advisory Group LLC bought a new position in shares of ServiceNow in the first quarter worth approximately $ 29,000. Finally, AHL Investment Management Inc. bought a new position in shares of ServiceNow in the fourth quarter worth approximately $ 35,000. 87.20% of the stock is owned by hedge funds and other institutional investors.
NYSE: NOW traded up $ 2.71 on Thursday, hitting $ 455.00. 74,592 shares of the company’s stock traded hands, compared to its average volume of 1,838,368. The company has a market cap of $ 91.21 billion, a PE ratio of 413.21, a price-to-earnings-growth ratio of 8.35 and a beta of 1.09. ServiceNow has a 1 year low of $ 406.47 and a 1 year high of $ 707.60. 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 company has a 50-day moving average price of $ 500.12 and a 200-day moving average price of $ 563.50.
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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