ServiceNow (NOW) Set to Announce Earnings on Wednesday

ServiceNow (NYSE:NOW) is set to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect ServiceNow to post earnings of ($0.06) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, January 30th. The information technology services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.14. ServiceNow had a negative net margin of 1.02% and a positive return on equity of 3.95%. The business had revenue of $715.44 million during the quarter, compared to the consensus estimate of $717.73 million. During the same period in the prior year, the firm posted $0.37 EPS. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. On average, analysts expect ServiceNow to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NOW stock opened at $237.40 on Monday. ServiceNow has a 52-week low of $147.63 and a 52-week high of $251.65. The company has a quick ratio of 1.17, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $42.85 billion, a price-to-earnings ratio of 1,187.00, a PEG ratio of 26.77 and a beta of 1.44.

A number of equities research analysts have issued reports on the stock. Piper Jaffray Companies upped their price objective on shares of ServiceNow from $230.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays upped their price objective on shares of ServiceNow from $235.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. upped their price objective on shares of ServiceNow to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, January 31st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $225.00 price objective (up from $215.00) on shares of ServiceNow in a research report on Thursday, January 31st. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $240.00 price objective (up from $210.00) on shares of ServiceNow in a research report on Thursday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $234.89.

In other ServiceNow news, insider Patricia L. Wadors sold 6,884 shares of the business’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $222.69, for a total value of $1,532,997.96. Following the transaction, the insider now directly owns 12,375 shares in the company, valued at $2,755,788.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David Schneider sold 3,259 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $244.07, for a total transaction of $795,424.13. Following the completion of the transaction, the insider now owns 47,673 shares in the company, valued at $11,635,549.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 229,657 shares of company stock worth $52,450,458. Corporate insiders own 1.60% of the company’s stock.

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ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers information technology (IT) service management applications, as well as digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.

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Earnings History for ServiceNow (NYSE:NOW)

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