Brokerages Expect ServiceNow (NOW) to Announce $0.37 EPS

Wall Street analysts expect that ServiceNow (NYSE:NOW) will report earnings of $0.37 per share for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for ServiceNow’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.33. ServiceNow reported earnings per share of $0.24 in the same quarter last year, which suggests a positive year-over-year growth rate of 54.2%. The company is expected to report its next earnings report after the market closes on Wednesday, April 25th.

According to Zacks, analysts expect that ServiceNow will report full-year earnings of $1.99 per share for the current year, with EPS estimates ranging from $1.77 to $2.20. For the next financial year, analysts expect that the company will post earnings of $2.96 per share, with EPS estimates ranging from $2.35 to $3.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow ServiceNow.

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ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 31st. The information technology services provider reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $546.37 million during the quarter, compared to analyst estimates of $532.74 million. ServiceNow had a negative net margin of 7.71% and a negative return on equity of 23.78%. ServiceNow’s revenue was up 41.7% compared to the same quarter last year. During the same period last year, the business earned $0.25 earnings per share.

NOW has been the topic of several recent analyst reports. Royal Bank of Canada restated a “buy” rating and issued a $160.00 target price on shares of ServiceNow in a report on Thursday, February 1st. UBS restated a “buy” rating and issued a $180.00 target price (up previously from $168.00) on shares of ServiceNow in a report on Thursday, February 1st. They noted that the move was a valuation call. Canaccord Genuity reiterated a “buy” rating and issued a $175.00 price target (up previously from $150.00) on shares of ServiceNow in a report on Thursday, February 1st. Bank of America lifted their price target on shares of ServiceNow from $140.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Mizuho reiterated a “buy” rating and issued a $160.00 price target (up previously from $140.00) on shares of ServiceNow in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-eight have assigned a buy rating and three have issued a strong buy rating to the company. ServiceNow has an average rating of “Buy” and an average price target of $155.93.

In other news, Director Frank Slootman sold 100,000 shares of ServiceNow stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $161.25, for a total value of $16,125,000.00. Following the completion of the transaction, the director now owns 195,076 shares of the company’s stock, valued at approximately $31,456,005. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anita M. Sands sold 1,636 shares of ServiceNow stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $150.51, for a total value of $246,234.36. Following the completion of the transaction, the director now directly owns 12,704 shares of the company’s stock, valued at approximately $1,912,079.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 490,308 shares of company stock valued at $76,422,398. 3.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in ServiceNow by 130.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 115,240 shares of the information technology services provider’s stock worth $15,026,000 after buying an additional 65,240 shares during the last quarter. State of Wisconsin Investment Board raised its position in ServiceNow by 28.1% in the 4th quarter. State of Wisconsin Investment Board now owns 189,966 shares of the information technology services provider’s stock worth $24,770,000 after buying an additional 41,642 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in ServiceNow by 64.4% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 291,672 shares of the information technology services provider’s stock worth $38,030,000 after buying an additional 114,232 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in ServiceNow by 5.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 320,719 shares of the information technology services provider’s stock worth $41,819,000 after buying an additional 15,138 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in ServiceNow by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 345,491 shares of the information technology services provider’s stock worth $45,049,000 after buying an additional 17,664 shares during the last quarter.

Shares of ServiceNow stock traded down $0.24 on Friday, hitting $174.30. The stock had a trading volume of 1,658,872 shares, compared to its average volume of 1,937,684. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.15. ServiceNow has a one year low of $87.46 and a one year high of $176.56. The stock has a market capitalization of $29,602.91, a price-to-earnings ratio of -166.00, a P/E/G ratio of 37.81 and a beta of 1.08.

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About ServiceNow

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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