Equities analysts expect that ServiceNow, Inc. (NYSE:NOW) will post $0.35 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for ServiceNow’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.40. ServiceNow posted earnings per share of $0.24 during the same quarter last year, which suggests a positive year over year growth rate of 45.8%. The business is expected to report its next quarterly earnings report on Wednesday, January 24th.

On average, analysts expect that ServiceNow will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.25. For the next year, analysts forecast that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.54 to $1.99. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for ServiceNow.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. ServiceNow had a negative net margin of 8.68% and a negative return on equity of 22.11%. The company had revenue of $498.20 million for the quarter, compared to the consensus estimate of $491.62 million. During the same quarter in the prior year, the company earned $0.23 EPS. ServiceNow’s quarterly revenue was up 39.3% on a year-over-year basis.

Several brokerages recently weighed in on NOW. Argus reiterated a “buy” rating and issued a $150.00 price target (up previously from $125.00) on shares of ServiceNow in a report on Friday, October 27th. Bank of America increased their price target on shares of ServiceNow from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded shares of ServiceNow from a “hold” rating to a “sell” rating in a report on Monday, October 30th. UBS increased their price target on shares of ServiceNow from $128.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Piper Jaffray Companies raised shares of ServiceNow from a “neutral” rating to an “overweight” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-eight have given a buy rating and three 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 $132.17.

ServiceNow (NYSE:NOW) opened at $129.50 on Friday. ServiceNow has a fifty-two week low of $73.66 and a fifty-two week high of $130.05. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.10.

In other news, CRO David Schneider sold 16,349 shares of ServiceNow stock in a transaction on Monday, November 13th. The stock was sold at an average price of $124.21, for a total transaction of $2,030,709.29. Following the transaction, the executive now owns 67,185 shares in the company, valued at approximately $8,345,048.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Scarpelli sold 95,035 shares of ServiceNow stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $126.52, for a total value of $12,023,828.20. Following the transaction, the insider now owns 194,664 shares in the company, valued at approximately $24,628,889.28. The disclosure for this sale can be found here. Insiders sold a total of 660,174 shares of company stock worth $80,951,050 in the last 90 days. 3.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SeaBridge Investment Advisors LLC purchased a new position in shares of ServiceNow during the 3rd quarter worth $118,000. Rockefeller Financial Services Inc. purchased a new position in shares of ServiceNow during the 3rd quarter worth $138,000. Commonwealth Bank of Australia raised its holdings in shares of ServiceNow by 5.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,518 shares of the information technology services provider’s stock worth $159,000 after acquiring an additional 83 shares during the period. Zweig DiMenna Associates LLC purchased a new position in shares of ServiceNow during the 2nd quarter worth $212,000. Finally, IFP Advisors Inc increased its position in shares of ServiceNow by 14.5% during the 2nd quarter. IFP Advisors Inc now owns 2,030 shares of the information technology services provider’s stock worth $215,000 after purchasing an additional 257 shares during the last quarter.

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ServiceNow Company Profile

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

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Earnings History and Estimates for ServiceNow (NYSE:NOW)

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