ServiceNow (NOW) to Release Earnings on Wednesday

ServiceNow (NYSE:NOW - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $3.67 per share and revenue of $2,959,870.00 billion for the quarter.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, topping analysts' consensus estimates of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The firm had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.75 billion. During the same period in the prior year, the company earned $1.21 EPS. The firm's revenue was up 22.2% on a year-over-year basis. On average, analysts expect ServiceNow to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

ServiceNow Stock Up 2.3 %

NYSE:NOW traded up $23.70 during mid-day trading on Wednesday, hitting $1,054.99. The company had a trading volume of 1,286,426 shares, compared to its average volume of 1,242,440. ServiceNow has a 1 year low of $637.99 and a 1 year high of $1,157.90. The business has a fifty day simple moving average of $1,066.34 and a 200-day simple moving average of $927.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $217.33 billion, a price-to-earnings ratio of 164.07, a PEG ratio of 6.43 and a beta of 0.99.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NOW shares. Robert W. Baird boosted their price target on ServiceNow from $900.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Truist Financial boosted their target price on shares of ServiceNow from $900.00 to $1,100.00 and gave the stock a "hold" rating in a research report on Thursday, December 12th. Stifel Nicolaus raised their price target on shares of ServiceNow from $900.00 to $990.00 and gave the company a "buy" rating in a report on Thursday, October 24th. StockNews.com upgraded shares of ServiceNow from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Finally, Citigroup raised their target price on ServiceNow from $1,068.00 to $1,071.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,071.39.

Insiders Place Their Bets

In other ServiceNow news, CEO William R. Mcdermott sold 12,271 shares of ServiceNow stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the sale, the chief executive officer now owns 2,595 shares of the company's stock, valued at $2,588,953.65. The trade was a 82.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacqueline P. Canney sold 76 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total value of $76,831.44. Following the completion of the transaction, the insider now directly owns 3,027 shares of the company's stock, valued at approximately $3,060,115.38. The trade was a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,276 shares of company stock valued at $20,535,115 over the last three months. Company insiders own 0.25% of the company's stock.

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.

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