What is DA Davidson's Estimate for ServiceNow Q2 Earnings?

ServiceNow, Inc. (NYSE:NOW - Free Report) - DA Davidson issued their Q2 2025 EPS estimates for ServiceNow in a research report issued on Wednesday, June 25th. DA Davidson analyst G. Luria anticipates that the information technology services provider will post earnings of $1.78 per share for the quarter. DA Davidson has a "Buy" rating and a $1,150.00 price target on the stock. The consensus estimate for ServiceNow's current full-year earnings is $8.93 per share. DA Davidson also issued estimates for ServiceNow's FY2025 earnings at $9.39 EPS and FY2026 earnings at $11.39 EPS.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. The firm had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The business's revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.41 earnings per share.

Several other research firms have also recently weighed in on NOW. Jefferies Financial Group reduced their price target on shares of ServiceNow from $1,250.00 to $1,025.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Robert W. Baird upped their price target on shares of ServiceNow from $1,010.00 to $1,150.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Barclays set a $1,085.00 price target on shares of ServiceNow in a report on Wednesday, May 7th. Piper Sandler reduced their price target on shares of ServiceNow from $1,200.00 to $1,120.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of ServiceNow from a "hold" rating to a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, ServiceNow has a consensus rating of "Moderate Buy" and a consensus price target of $1,065.32.

ServiceNow Stock Up 0.7%

Shares of ServiceNow stock traded up $6.75 on Friday, hitting $1,029.17. The company had a trading volume of 1,007,760 shares, compared to its average volume of 1,483,282. The firm has a market capitalization of $213.02 billion, a P/E ratio of 139.83, a P/E/G ratio of 4.70 and a beta of 0.96. ServiceNow has a twelve month low of $678.66 and a twelve month high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a 50-day moving average of $991.05 and a 200-day moving average of $964.06.

Insider Buying and Selling

In other news, CEO William R. Mcdermott sold 2,050 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1,012.01, for a total value of $2,074,620.50. Following the transaction, the chief executive officer directly owned 6,614 shares of the company's stock, valued at $6,693,434.14. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Chadwick sold 770 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $931.62, for a total transaction of $717,347.40. Following the completion of the transaction, the director directly owned 3,205 shares in the company, valued at $2,985,842.10. The trade was a 19.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

Hedge Funds Weigh In On ServiceNow

Large investors have recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of ServiceNow by 1.1% in the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock valued at $2,919,000 after acquiring an additional 30 shares in the last quarter. Pine Valley Investments Ltd Liability Co acquired a new position in shares of ServiceNow in the fourth quarter valued at about $219,000. Whipplewood Advisors LLC acquired a new position in shares of ServiceNow in the fourth quarter valued at about $269,000. Convergence Financial LLC grew its stake in shares of ServiceNow by 1.3% in the fourth quarter. Convergence Financial LLC now owns 2,029 shares of the information technology services provider's stock valued at $2,151,000 after acquiring an additional 27 shares in the last quarter. Finally, Lineweaver Wealth Advisors LLC grew its stake in shares of ServiceNow by 11.6% in the fourth quarter. Lineweaver Wealth Advisors LLC now owns 2,104 shares of the information technology services provider's stock valued at $2,232,000 after acquiring an additional 219 shares in the last quarter. 87.18% of the stock is owned by 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.