Zacks: Analysts Expect ServiceNow Inc (NOW) to Post $0.64 EPS

Brokerages expect that ServiceNow Inc (NYSE:NOW) will announce $0.64 earnings per share for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for ServiceNow’s earnings. The highest EPS estimate is $0.77 and the lowest is $0.58. ServiceNow posted earnings per share of $0.49 in the same quarter last year, which would indicate a positive year over year growth rate of 30.6%. The company is expected to report its next earnings report on Wednesday, July 24th.

On average, analysts expect that ServiceNow will report full year earnings of $3.20 per share for the current fiscal year, with EPS estimates ranging from $3.04 to $3.32. For the next fiscal year, analysts anticipate that the company will post earnings of $4.30 per share, with EPS estimates ranging from $4.02 to $4.97. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for ServiceNow.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. ServiceNow had a positive return on equity of 1.64% and a negative net margin of 1.38%. The company had revenue of $788.93 million for the quarter, compared to analysts’ expectations of $768.09 million. During the same period in the prior year, the firm earned $0.56 earnings per share. The firm’s revenue was up 33.9% compared to the same quarter last year.

A number of equities analysts have commented on NOW shares. UBS Group reiterated a “buy” rating and issued a $230.00 price objective (up previously from $214.00) on shares of ServiceNow in a report on Thursday, January 31st. Canaccord Genuity reiterated a “buy” rating and issued a $240.00 price objective (up previously from $210.00) on shares of ServiceNow in a report on Thursday, January 31st. Jefferies Financial Group boosted their price objective on shares of ServiceNow to $242.00 and gave the stock a “buy” rating in a report on Thursday, January 31st. KeyCorp reiterated an “overweight” rating and issued a $250.00 price objective (up previously from $210.00) on shares of ServiceNow in a report on Thursday, January 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $243.00 price objective (up previously from $224.00) on shares of ServiceNow in a report on Thursday, January 31st. Three research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $268.24.

In related news, Director Frederic B. Luddy sold 21,103 shares of ServiceNow stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $263.72, for a total transaction of $5,565,283.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anita M. Sands sold 1,304 shares of ServiceNow stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $235.00, for a total transaction of $306,440.00. Following the transaction, the director now directly owns 9,571 shares in the company, valued at approximately $2,249,185. The disclosure for this sale can be found here. Insiders sold a total of 119,584 shares of company stock valued at $29,135,337 in the last three months. Insiders own 1.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NOW. Kore Private Wealth LLC purchased a new stake in shares of ServiceNow during the 1st quarter valued at $56,000. Kiwi Wealth Investments Limited Partnership purchased a new stake in shares of ServiceNow during the 1st quarter valued at $8,852,000. IHT Wealth Management LLC purchased a new stake in shares of ServiceNow during the 1st quarter valued at $225,000. Cahill Financial Advisors Inc. purchased a new stake in shares of ServiceNow during the 1st quarter valued at $209,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of ServiceNow during the 1st quarter valued at $5,671,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

NYSE:NOW traded up $5.89 during trading hours on Thursday, reaching $277.96. 3,287,615 shares of the stock were exchanged, compared to its average volume of 2,012,990. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.88. ServiceNow has a twelve month low of $147.63 and a twelve month high of $281.74. The stock has a market capitalization of $48.26 billion, a price-to-earnings ratio of 1,389.80, a price-to-earnings-growth ratio of 19.18 and a beta of 1.45.

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 and Estimates for ServiceNow (NYSE:NOW)

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