ServiceNow (NOW) Scheduled to Post Earnings on Tuesday
ServiceNow (NYSE:NOW) is set to announce its earnings results after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. ServiceNow had a negative return on equity of 23.78% and a negative net margin of 7.71%. The company had revenue of $546.37 million for the quarter, compared to analyst estimates of $532.74 million. During the same period in the prior year, the firm posted $0.25 EPS. The business’s revenue was up 41.7% 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 $169.45 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. ServiceNow has a fifty-two week low of $84.92 and a fifty-two week high of $176.56. The stock has a market capitalization of $29,157.43, a price-to-earnings ratio of -161.38, a PEG ratio of 37.25 and a beta of 1.08.
NOW has been the topic of a number of analyst reports. Barclays reissued a “buy” rating and set a $150.00 price objective on shares of ServiceNow in a report on Monday, January 15th. Piper Jaffray reissued an “overweight” rating and set a $160.00 price objective on shares of ServiceNow in a report on Tuesday, January 16th. Credit Suisse Group reissued an “outperform” rating and set a $160.00 price objective (up previously from $138.00) on shares of ServiceNow in a report on Tuesday, January 16th. Mizuho reissued a “buy” rating and set a $160.00 price objective (up previously from $140.00) on shares of ServiceNow in a report on Monday, January 22nd. Finally, Morgan Stanley increased their price objective on ServiceNow from $163.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-eight have assigned a buy rating and three have given a strong buy rating to the company. ServiceNow presently has an average rating of “Buy” and an average price target of $155.93.
ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.
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