Analysts expect ServiceNow Inc (NYSE:NOW) to announce earnings per share (EPS) of $0.60 for the current fiscal quarter, Zacks reports. Thirteen analysts have issued estimates for ServiceNow’s earnings, with estimates ranging from $0.52 to $0.70. ServiceNow posted earnings of $0.38 per share in the same quarter last year, which would suggest a positive year over year growth rate of 57.9%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, October 24th.

According to Zacks, analysts expect that ServiceNow will report full year earnings of $2.34 per share for the current fiscal year, with EPS estimates ranging from $2.17 to $2.50. For the next financial year, analysts forecast that the business will post earnings of $3.13 per share, with EPS estimates ranging from $2.88 to $3.43. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover ServiceNow.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 25th. The information technology services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. The company had revenue of $631.05 million for the quarter, compared to the consensus estimate of $616.68 million. ServiceNow had a negative net margin of 4.16% and a negative return on equity of 7.48%. ServiceNow’s revenue was up 40.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS.

Several research firms have weighed in on NOW. Macquarie set a $210.00 target price on shares of ServiceNow and gave the stock a “buy” rating in a research report on Friday, October 12th. BMO Capital Markets boosted their target price on shares of ServiceNow from $177.00 to $205.00 and gave the stock an “outperform” rating in a research report on Thursday, July 26th. KeyCorp boosted their target price on shares of ServiceNow from $194.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, July 26th. JMP Securities boosted their target price on shares of ServiceNow to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, July 26th. Finally, Barclays boosted their target price on shares of ServiceNow from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Thursday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. ServiceNow currently has a consensus rating of “Buy” and a consensus price target of $203.04.

NYSE:NOW opened at $177.15 on Friday. The company has a market cap of $33.86 billion, a price-to-earnings ratio of -168.71, a P/E/G ratio of 44.80 and a beta of 1.23. ServiceNow has a twelve month low of $112.84 and a twelve month high of $206.29. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.72.

In related news, Director Frederic B. Luddy sold 32,500 shares of the business’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $174.56, for a total value of $5,673,200.00. Following the completion of the transaction, the director now directly owns 282,383 shares in the company, valued at approximately $49,292,776.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chirantan Jitendra Desai sold 2,031 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $187.01, for a total transaction of $379,817.31. Following the completion of the transaction, the insider now owns 2,534 shares of the company’s stock, valued at $473,883.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,350 shares of company stock valued at $35,102,979. Company insiders own 1.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in shares of ServiceNow by 1.0% in the 2nd quarter. Northern Trust Corp now owns 990,521 shares of the information technology services provider’s stock valued at $170,835,000 after purchasing an additional 9,950 shares during the period. Zurich Insurance Group Ltd FI lifted its stake in shares of ServiceNow by 43.3% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 37,929 shares of the information technology services provider’s stock valued at $6,542,000 after purchasing an additional 11,454 shares during the period. CAPROCK Group Inc. acquired a new position in ServiceNow during the second quarter worth $266,000. Centaurus Financial Inc. acquired a new position in ServiceNow during the second quarter worth $685,000. Finally, Bank of Nova Scotia acquired a new position in ServiceNow during the second quarter worth $11,814,000. Hedge funds and other institutional investors own 95.58% of the company’s stock.

ServiceNow Company Profile

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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Earnings History and Estimates for ServiceNow (NYSE:NOW)

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