Zacks: Analysts Expect ServiceNow Inc (NOW) Will Post Earnings of $0.36 Per Share
Equities analysts expect ServiceNow Inc (NYSE:NOW) to post $0.36 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for ServiceNow’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.41. ServiceNow posted earnings of $0.24 per share during the same quarter last year, which would suggest a positive year over year growth rate of 50%. 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 earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.77 to $2.19. For the next financial year, analysts anticipate that the business will post earnings of $2.91 per share, with EPS estimates ranging from $2.35 to $3.40. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow ServiceNow.
ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $546.37 million for the quarter, compared to the consensus estimate of $532.74 million. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. ServiceNow’s revenue was up 41.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS.
Shares of ServiceNow (NOW) traded up $5.06 on Friday, hitting $145.16. The stock had a trading volume of 2,836,220 shares, compared to its average volume of 2,067,429. The firm has a market cap of $24,780.00, a P/E ratio of -164.95, a P/E/G ratio of 32.57 and a beta of 1.26. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.10. ServiceNow has a fifty-two week low of $83.42 and a fifty-two week high of $157.00.
In other ServiceNow news, insider Michael Scarpelli sold 95,035 shares of the company’s stock in a transaction 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 sale, the insider now owns 194,664 shares in the company, valued at approximately $24,628,889.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO David Schneider sold 16,349 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $124.21, for a total transaction of $2,030,709.29. Following the sale, the executive now owns 67,185 shares of the company’s stock, valued at approximately $8,345,048.85. The disclosure for this sale can be found here. Insiders sold a total of 581,810 shares of company stock valued at $76,802,884 in the last 90 days. 3.30% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the business. Toronto Dominion Bank raised its position in shares of ServiceNow by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 2,040 shares of the information technology services provider’s stock valued at $216,000 after acquiring an additional 224 shares during the last quarter. Comerica Bank raised its position in shares of ServiceNow by 4.6% during the 4th quarter. Comerica Bank now owns 8,813 shares of the information technology services provider’s stock valued at $1,282,000 after acquiring an additional 391 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of ServiceNow by 15.5% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,238 shares of the information technology services provider’s stock valued at $381,000 after acquiring an additional 434 shares during the last quarter. Exane Derivatives raised its position in shares of ServiceNow by 90.3% during the 4th 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. Finally, ETRADE Capital Management LLC raised its position in shares of ServiceNow by 16.7% during the 3rd quarter. ETRADE Capital Management LLC now owns 3,206 shares of the information technology services provider’s stock valued at $377,000 after acquiring an additional 458 shares during the last quarter.
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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