Brokerages Anticipate ServiceNow Inc (NOW) Will Post Quarterly Sales of $573.48 Million
Equities research analysts predict that ServiceNow Inc (NYSE:NOW) will announce sales of $573.48 million for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for ServiceNow’s earnings, with estimates ranging from $569.10 million to $584.90 million. ServiceNow reported sales of $416.78 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 37.6%. The company is scheduled to report its next earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that ServiceNow will report full-year sales of $573.48 million for the current fiscal year, with estimates ranging from $2.53 billion to $2.60 billion. For the next financial year, analysts expect that the company will post sales of $3.27 billion per share, with estimates ranging from $3.21 billion to $3.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover ServiceNow.
ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. The business had revenue of $546.37 million for the quarter, compared to the consensus estimate of $532.74 million. During the same period last year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was up 41.7% compared to the same quarter last year.
In other news, Director Anita M. Sands sold 1,636 shares of ServiceNow stock in a transaction that occurred on Friday, February 2nd. The shares were 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 owns 12,704 shares in the company, valued at $1,912,079.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Scarpelli sold 95,035 shares of ServiceNow stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $126.52, for a total transaction of $12,023,828.20. Following the completion of the transaction, the insider now owns 194,664 shares of the company’s stock, valued at approximately $24,628,889.28. The disclosure for this sale can be found here. Insiders sold 581,810 shares of company stock valued at $76,802,884 in the last quarter. 3.30% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Exane Derivatives raised its stake in shares of ServiceNow by 90.3% in the fourth quarter. Exane Derivatives now owns 925 shares of the information technology services provider’s stock valued at $121,000 after acquiring an additional 439 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new position in ServiceNow in the 3rd quarter worth approximately $118,000. Cerebellum GP LLC bought a new position in ServiceNow in the 4th quarter worth approximately $131,000. Roble Belko & Company Inc raised its position in ServiceNow by 5,263.2% in the 4th quarter. Roble Belko & Company Inc now owns 1,019 shares of the information technology services provider’s stock worth $133,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Rockefeller Financial Services Inc. bought a new position in ServiceNow in the 3rd quarter worth approximately $138,000.
ServiceNow (NOW) traded up $5.06 during mid-day trading on Tuesday, reaching $145.16. The company had a trading volume of 2,836,220 shares, compared to its average volume of 2,067,429. ServiceNow has a fifty-two week low of $83.42 and a fifty-two week high of $157.00. The firm has a market capitalization of $24,780.00, a P/E ratio of -164.95, a PEG ratio of 32.57 and a beta of 1.26. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.10.
ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.
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