ServiceNow (NOW) to Release Quarterly Earnings on Wednesday

ServiceNow (NYSE:NOW) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 23rd. Analysts expect ServiceNow to post earnings of $3.46 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.28. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.61 billion. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. ServiceNow’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 EPS. On average, analysts expect ServiceNow to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

ServiceNow Stock Performance

Shares of NOW opened at $921.75 on Monday. The stock has a 50-day simple moving average of $874.61 and a 200-day simple moving average of $792.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. ServiceNow has a 1 year low of $527.24 and a 1 year high of $949.59. The stock has a market capitalization of $188.96 billion, a PE ratio of 98.58, a PEG ratio of 5.63 and a beta of 0.99.

Analysts Set New Price Targets

Several research analysts have commented on NOW shares. Guggenheim reiterated a “sell” rating and set a $640.00 price target on shares of ServiceNow in a report on Monday, July 8th. Robert W. Baird increased their target price on ServiceNow from $885.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Truist Financial lifted their price target on ServiceNow from $750.00 to $780.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Oppenheimer increased their price objective on ServiceNow from $825.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Piper Sandler raised their target price on ServiceNow from $830.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $914.15.

Insider Buying and Selling

In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the completion of the transaction, the chief financial officer now owns 11,490 shares in the company, valued at approximately $9,479,250. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jacqueline P. Canney sold 94 shares of ServiceNow stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $825.92, for a total value of $77,636.48. Following the sale, the insider now directly owns 4,019 shares in the company, valued at $3,319,372.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $825.00, for a total value of $1,485,000.00. Following the completion of the transaction, the chief financial officer now owns 11,490 shares of the company’s stock, valued at $9,479,250. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,267 shares of company stock valued at $5,935,447 over the last three months. 0.25% of the stock is currently owned by company insiders.

About ServiceNow

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.