ServiceNow (NOW) Set to Announce Earnings on Wednesday

ServiceNow (NYSE:NOW) will be releasing its earnings data after the market closes on Wednesday, October 23rd. Analysts expect ServiceNow to post earnings of $3.46 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.28. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the company earned $0.77 earnings per share. ServiceNow’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, analysts expect ServiceNow to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

ServiceNow Price Performance

ServiceNow stock opened at $927.96 on Wednesday. ServiceNow has a one year low of $527.24 and a one year high of $949.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The business has a fifty day moving average of $867.13 and a two-hundred day moving average of $788.88. The company has a market cap of $190.23 billion, a P/E ratio of 99.25, a price-to-earnings-growth ratio of 5.63 and a beta of 0.99.

Wall Street Analyst Weigh In

NOW has been the subject of a number of recent analyst reports. Citigroup raised their target price on ServiceNow from $909.00 to $911.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. JMP Securities raised their price target on ServiceNow from $825.00 to $850.00 and gave the company a “market outperform” rating in a research report on Thursday, July 25th. UBS Group raised their price target on ServiceNow from $900.00 to $1,055.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Barclays raised their price target on ServiceNow from $890.00 to $980.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $900.00 price target on shares of ServiceNow in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and an average target price of $880.04.

Insiders Place Their Bets

In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $825.00, for a total value of $1,485,000.00. Following the sale, the chief financial officer now directly owns 11,490 shares of the company’s stock, valued at approximately $9,479,250. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $825.00, for a total value of $1,485,000.00. Following the transaction, the chief financial officer now directly owns 11,490 shares of the company’s stock, valued at $9,479,250. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nicholas Tzitzon sold 1,857 shares of ServiceNow stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $829.68, for a total value of $1,540,715.76. Following the completion of the transaction, the insider now directly owns 3,649 shares in the company, valued at $3,027,502.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,914 shares of company stock valued at $5,608,936. Insiders own 0.25% of the company’s stock.

About ServiceNow

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.