Equities analysts expect that ServiceNow Inc (NYSE:NOW) will report earnings of $0.64 per share for the current quarter, according to Zacks. Thirteen analysts have issued estimates for ServiceNow’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.70. ServiceNow posted earnings per share of $0.35 during the same quarter last year, which would indicate a positive year over year growth rate of 82.9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 30th.

On average, analysts expect that ServiceNow will report full-year earnings of $2.36 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.43. For the next financial year, analysts expect that the company will report earnings of $3.14 per share, with EPS estimates ranging from $2.92 to $3.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for ServiceNow.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, October 24th. The information technology services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.61. The business had revenue of $673.10 million for the quarter, compared to the consensus estimate of $659.41 million. ServiceNow had a negative return on equity of 2.93% and a negative net margin of 2.52%.

A number of equities research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on ServiceNow in a report on Monday, October 1st. They set a “buy” rating and a $240.00 price objective on the stock. Morgan Stanley lifted their price objective on ServiceNow from $172.00 to $198.00 and gave the company an “overweight” rating in a report on Thursday, July 26th. JMP Securities lifted their price objective on ServiceNow to $220.00 and gave the company an “outperform” rating in a report on Thursday, July 26th. Credit Suisse Group lifted their price objective on ServiceNow from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, July 26th. Finally, Barclays lifted their price objective on ServiceNow from $198.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, September 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $203.44.

NYSE NOW traded down $3.70 during trading on Tuesday, reaching $168.67. 2,150,800 shares of the company traded hands, compared to its average volume of 1,958,059. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $31.84 billion, a price-to-earnings ratio of -160.64, a PEG ratio of 32.95 and a beta of 1.25. ServiceNow has a 1-year low of $112.84 and a 1-year high of $206.29.

In other ServiceNow news, insider Chirantan Jitendra Desai sold 6,962 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $180.17, for a total transaction of $1,254,343.54. Following the completion of the sale, the insider now owns 3,460 shares in the company, valued at approximately $623,388.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Scarpelli sold 30,037 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $182.89, for a total transaction of $5,493,466.93. Following the sale, the chief financial officer now owns 68,748 shares of the company’s stock, valued at approximately $12,573,321.72. The disclosure for this sale can be found here. Insiders sold a total of 148,813 shares of company stock valued at $27,379,787 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of NOW. Macguire Cheswick & Tuttle Investment Counsel LLC grew its holdings in shares of ServiceNow by 4.8% in the 2nd quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 6,505 shares of the information technology services provider’s stock valued at $1,122,000 after buying an additional 300 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in ServiceNow by 33.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the information technology services provider’s stock worth $212,000 after purchasing an additional 305 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in ServiceNow by 1.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 32,040 shares of the information technology services provider’s stock worth $6,268,000 after purchasing an additional 320 shares during the period. Raymond James Trust N.A. boosted its stake in ServiceNow by 6.7% in the 3rd quarter. Raymond James Trust N.A. now owns 5,263 shares of the information technology services provider’s stock worth $1,030,000 after purchasing an additional 331 shares during the period. Finally, Chesapeake Wealth Management boosted its stake in ServiceNow by 24.9% in the 2nd quarter. Chesapeake Wealth Management now owns 1,680 shares of the information technology services provider’s stock worth $290,000 after purchasing an additional 335 shares during the period. Institutional investors own 95.50% of the company’s stock.

ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.

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Earnings History and Estimates for ServiceNow (NYSE:NOW)

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