Wall Street brokerages forecast that ServiceNow, Inc. (NYSE:NOW) will report $1.36 billion in sales for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for ServiceNow’s earnings. The highest sales estimate is $1.36 billion and the lowest is $1.35 billion. ServiceNow reported sales of $1.07 billion in the same quarter last year, which indicates a positive year over year growth rate of 27.1%. The business is scheduled to report its next quarterly earnings report on Wednesday, August 4th.
On average, analysts expect that ServiceNow will report full-year sales of $5.72 billion for the current year, with estimates ranging from $5.59 billion to $5.75 billion. For the next financial year, analysts anticipate that the firm will report sales of $7.13 billion, with estimates ranging from $6.96 billion to $7.27 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover ServiceNow.
ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, April 28th. The information technology services provider reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.17. ServiceNow had a net margin of 3.15% and a return on equity of 9.32%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis.
In other ServiceNow news, Director Frederic B. Luddy sold 16,500 shares of ServiceNow stock in a transaction on Tuesday, April 6th. The stock was sold at an average price of $510.46, for a total value of $8,422,590.00. Following the completion of the transaction, the director now directly owns 811 shares of the company’s stock, valued at approximately $413,983.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Edward Chamberlain sold 75 shares of the company’s stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $521.00, for a total value of $39,075.00. Following the sale, the director now owns 9,424 shares of the company’s stock, valued at $4,909,904. The disclosure for this sale can be found here. Insiders sold a total of 17,154 shares of company stock valued at $8,755,315 in the last quarter. Corporate insiders own 0.72% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in ServiceNow by 0.4% in the 4th quarter. BlackRock Inc. now owns 16,090,360 shares of the information technology services provider’s stock valued at $8,856,615,000 after buying an additional 64,730 shares during the period. Polen Capital Management LLC increased its stake in ServiceNow by 3.1% in the first quarter. Polen Capital Management LLC now owns 3,354,536 shares of the information technology services provider’s stock valued at $1,677,637,000 after acquiring an additional 99,806 shares during the last quarter. Geode Capital Management LLC increased its stake in ServiceNow by 2.3% in the first quarter. Geode Capital Management LLC now owns 2,859,016 shares of the information technology services provider’s stock valued at $1,425,387,000 after acquiring an additional 65,365 shares during the last quarter. Capital International Investors raised its position in ServiceNow by 2.9% during the first quarter. Capital International Investors now owns 2,832,470 shares of the information technology services provider’s stock valued at $1,416,525,000 after purchasing an additional 80,628 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in ServiceNow by 6.0% during the first quarter. Nuveen Asset Management LLC now owns 2,348,956 shares of the information technology services provider’s stock worth $1,174,737,000 after purchasing an additional 133,174 shares during the last quarter. 85.69% of the stock is owned by institutional investors and hedge funds.
NOW stock traded up $24.42 during midday trading on Thursday, hitting $489.13. The company’s stock had a trading volume of 3,026,185 shares, compared to its average volume of 1,597,214. The business has a fifty day moving average price of $498.74. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.53. ServiceNow has a twelve month low of $372.87 and a twelve month high of $598.37. The firm has a market cap of $96.58 billion, a PE ratio of 652.17, a P/E/G ratio of 13.80 and a beta of 0.93.
ServiceNow Company Profile
ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform that offers workflow automation, artificial intelligence, machine learning, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.
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