ServiceNow (NOW) to Release Earnings on Wednesday

ServiceNow (NYSE:NOW) is projected to post its Q1 2025 quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect ServiceNow to post earnings of $3.78 per share and revenue of $3.09 billion for the quarter.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 29th. The information technology services provider reported $3.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.67. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. On average, analysts expect ServiceNow to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

ServiceNow Stock Down 1.9 %

ServiceNow stock opened at $757.13 on Tuesday. The stock’s fifty day moving average is $848.45 and its two-hundred day moving average is $969.57. The stock has a market cap of $156.73 billion, a PE ratio of 110.85, a P/E/G ratio of 4.51 and a beta of 1.08. ServiceNow has a 1-year low of $637.99 and a 1-year high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10.

ServiceNow declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 29th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

NOW has been the subject of several research analyst reports. William Blair restated an “outperform” rating on shares of ServiceNow in a report on Friday, March 7th. Citigroup reduced their target price on ServiceNow from $1,432.00 to $1,426.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Needham & Company LLC lifted their price target on ServiceNow from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Bank of America lowered their target price on shares of ServiceNow from $1,280.00 to $1,025.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $1,275.00 price objective on shares of ServiceNow in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $1,056.07.

Insider Activity

In related news, insider Jacqueline P. Canney sold 292 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,017.55, for a total value of $297,124.60. Following the completion of the sale, the insider now directly owns 3,027 shares in the company, valued at approximately $3,080,123.85. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gina Mastantuono sold 4,442 shares of ServiceNow stock in a transaction on Friday, February 21st. The shares were sold at an average price of $964.70, for a total value of $4,285,197.40. Following the completion of the transaction, the chief financial officer now owns 11,126 shares in the company, valued at $10,733,252.20. The trade was a 28.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,250 shares of company stock worth $19,853,273 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

Institutional Trading of ServiceNow

An institutional investor recently raised its position in ServiceNow stock. Brighton Jones LLC boosted its position in ServiceNow, Inc. (NYSE:NOW) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,753 shares of the information technology services provider’s stock after buying an additional 30 shares during the quarter. Brighton Jones LLC’s holdings in ServiceNow were worth $2,919,000 at the end of the most recent quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

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.