$1.02 EPS Expected for ServiceNow Inc (NYSE:NOW) This Quarter
Equities analysts expect ServiceNow Inc (NYSE:NOW) to announce earnings per share (EPS) of $1.02 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for ServiceNow’s earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $0.97. ServiceNow posted earnings per share of $0.71 in the same quarter last year, which suggests a positive year over year growth rate of 43.7%. The firm is expected to issue its next earnings report on Wednesday, July 22nd.
According to Zacks, analysts expect that ServiceNow will report full-year earnings of $4.24 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $4.46. For the next year, analysts expect that the business will report earnings of $5.37 per share, with EPS estimates ranging from $5.18 to $5.80. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for ServiceNow.
ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, April 29th. The information technology services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. ServiceNow had a net margin of 18.19% and a return on equity of 9.47%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company earned $0.67 earnings per share. The business’s revenue was up 32.6% on a year-over-year basis.
In other news, insider Chirantan Jitendra Desai sold 1,563 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $387.62, for a total value of $605,850.06. Following the completion of the sale, the insider now directly owns 26,379 shares in the company, valued at approximately $10,225,027.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frederic B. Luddy sold 28,600 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $399.99, for a total transaction of $11,439,714.00. Following the completion of the sale, the director now owns 811 shares of the company’s stock, valued at $324,391.89. The disclosure for this sale can be found here. In the last three months, insiders sold 351,522 shares of company stock valued at $121,517,395. Corporate insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in NOW. Mid Atlantic Financial Management Inc. ADV bought a new position in ServiceNow in the 4th quarter worth $241,000. Amalgamated Bank raised its stake in ServiceNow by 14.0% during the 4th quarter. Amalgamated Bank now owns 32,148 shares of the information technology services provider’s stock worth $9,076,000 after acquiring an additional 3,957 shares during the period. AQR Capital Management LLC raised its stake in ServiceNow by 49.7% during the 4th quarter. AQR Capital Management LLC now owns 90,170 shares of the information technology services provider’s stock worth $25,457,000 after acquiring an additional 29,946 shares during the period. APG Asset Management N.V. grew its holdings in ServiceNow by 66.9% during the 1st quarter. APG Asset Management N.V. now owns 179,895 shares of the information technology services provider’s stock valued at $51,554,000 after buying an additional 72,100 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in ServiceNow during the 1st quarter valued at approximately $2,990,000. Hedge funds and other institutional investors own 92.30% of the company’s stock.
Shares of NOW traded down $2.58 during trading hours on Tuesday, reaching $414.21. 1,385,330 shares of the stock traded hands, compared to its average volume of 1,742,163. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $390.03 and a 200 day simple moving average of $328.76. ServiceNow has a 52 week low of $213.99 and a 52 week high of $424.84. The company has a market cap of $78.99 billion, a price-to-earnings ratio of 121.11, a PEG ratio of 14.58 and a beta of 1.34.
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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