ServiceNow (NOW) to Release Earnings on Wednesday

ServiceNow (NYSE:NOW) is scheduled to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect ServiceNow to post earnings of $3.15 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts expect ServiceNow to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ServiceNow Trading Up 1.2 %

NYSE NOW opened at $722.57 on Tuesday. The company’s fifty day simple moving average is $762.90 and its 200-day simple moving average is $705.19. ServiceNow has a 52 week low of $427.68 and a 52 week high of $815.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The stock has a market cap of $148.40 billion, a P/E ratio of 85.92, a PEG ratio of 4.51 and a beta of 0.97.

Insider Buying and Selling

In related news, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total value of $3,845,105.88. Following the completion of the sale, the insider now owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total value of $3,787,992.40. Following the completion of the sale, the chief executive officer now owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the completion of the sale, the insider now directly owns 5,453 shares of the company’s stock, valued at approximately $4,064,229.96. The disclosure for this sale can be found here. Insiders sold 13,164 shares of company stock valued at $9,940,303 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NOW. BMO Capital Markets boosted their target price on shares of ServiceNow from $630.00 to $850.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Barclays lifted their price target on shares of ServiceNow from $765.00 to $870.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 23rd. Stifel Nicolaus restated a “buy” rating and issued a $820.00 price target on shares of ServiceNow in a research note on Wednesday, March 20th. JMP Securities lifted their price target on shares of ServiceNow from $665.00 to $825.00 and gave the stock a “market outperform” rating in a research note on Monday, January 22nd. Finally, Truist Financial lifted their price target on shares of ServiceNow from $700.00 to $750.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $780.37.

ServiceNow Company Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.