Cantor Fitzgerald Estimates ServiceNow FY2026 Earnings

ServiceNow, Inc. (NYSE:NOW - Free Report) - Analysts at Cantor Fitzgerald issued their FY2026 earnings estimates for ServiceNow in a research report issued on Monday, June 9th. Cantor Fitzgerald analyst T. Blakey expects that the information technology services provider will post earnings per share of $11.81 for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $1,048.00 target price on the stock. The consensus estimate for ServiceNow's current full-year earnings is $8.93 per share.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the firm posted $3.41 earnings per share. The company's quarterly revenue was up 18.6% compared to the same quarter last year.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $1,050.00 target price on shares of ServiceNow in a research report on Tuesday, May 6th. Bank of America dropped 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. Royal Bank of Canada boosted their target price on shares of ServiceNow from $1,060.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Piper Sandler dropped their target price on shares of ServiceNow from $1,200.00 to $1,120.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Robert W. Baird lifted their price target on shares of ServiceNow from $1,010.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.50.

ServiceNow Stock Performance

Shares of NYSE:NOW traded down $6.13 during trading on Tuesday, reaching $1,003.66. The stock had a trading volume of 741,971 shares, compared to its average volume of 1,482,236. ServiceNow has a 52 week low of $678.66 and a 52 week high of $1,198.09. The firm has a market capitalization of $207.74 billion, a price-to-earnings ratio of 146.95, a P/E/G ratio of 4.51 and a beta of 0.95. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $928.22 and a two-hundred day simple moving average of $974.13.

Institutional Trading of ServiceNow

Institutional investors and hedge funds have recently modified their holdings of the stock. Nicola Wealth Management LTD. grew its position in shares of ServiceNow by 57.1% in the 1st quarter. Nicola Wealth Management LTD. now owns 22,000 shares of the information technology services provider's stock valued at $17,515,000 after purchasing an additional 8,000 shares during the period. First Hawaiian Bank grew its position in shares of ServiceNow by 23.4% in the 1st quarter. First Hawaiian Bank now owns 4,370 shares of the information technology services provider's stock valued at $3,479,000 after purchasing an additional 829 shares during the period. Invst LLC grew its position in shares of ServiceNow by 208.1% in the 1st quarter. Invst LLC now owns 992 shares of the information technology services provider's stock valued at $790,000 after purchasing an additional 670 shares during the period. Modern Wealth Management LLC grew its position in shares of ServiceNow by 16.9% in the 1st quarter. Modern Wealth Management LLC now owns 402 shares of the information technology services provider's stock valued at $320,000 after purchasing an additional 58 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of ServiceNow by 35.5% in the 1st quarter. Jones Financial Companies Lllp now owns 67,926 shares of the information technology services provider's stock valued at $54,158,000 after purchasing an additional 17,781 shares during the period. 87.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO William R. Mcdermott sold 2,050 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $1,012.01, for a total value of $2,074,620.50. Following the completion of the sale, the chief executive officer now directly owns 6,614 shares of the company's stock, valued at $6,693,434.14. This represents a 23.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Russell S. Elmer sold 62 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $1,023.00, for a total value of $63,426.00. Following the completion of the sale, the general counsel now directly owns 4,332 shares of the company's stock, valued at approximately $4,431,636. This trade represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,716 shares of company stock valued at $6,611,245. 0.38% of the stock is currently owned by insiders.

ServiceNow Company Profile

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.