Capital One Financial Forecasts ServiceNow Q3 Earnings

ServiceNow, Inc. (NYSE:NOW - Free Report) - Capital One Financial raised their Q3 2025 EPS estimates for shares of ServiceNow in a research report issued on Wednesday, April 23rd. Capital One Financial analyst C. Murphy now forecasts that the information technology services provider will post earnings of $1.87 per share for the quarter, up from their previous estimate of $1.82. The consensus estimate for ServiceNow's current full-year earnings is $8.93 per share.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share 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 firm had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the previous year, the company earned $3.41 earnings per share. ServiceNow's quarterly revenue was up 18.6% compared to the same quarter last year.

A number of other brokerages have also recently commented on NOW. JPMorgan Chase & Co. cut their target price on shares of ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Evercore ISI lifted their price objective on shares of ServiceNow from $925.00 to $1,000.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Jefferies Financial Group decreased their target price on shares of ServiceNow from $1,250.00 to $1,025.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Barclays set a $969.00 price target on ServiceNow in a research report on Thursday, April 24th. Finally, Erste Group Bank upgraded ServiceNow from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,041.00.

ServiceNow Stock Performance

Shares of NYSE NOW traded up $14.28 during trading hours on Monday, reaching $972.23. The stock had a trading volume of 389,451 shares, compared to its average volume of 1,505,938. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. ServiceNow has a fifty-two week low of $637.99 and a fifty-two week high of $1,198.09. The firm has a 50-day moving average of $838.19 and a 200-day moving average of $967.70. The firm has a market cap of $201.25 billion, a price-to-earnings ratio of 142.51, a PEG ratio of 4.51 and a beta of 1.08.

ServiceNow declared that its board has approved a share repurchase program on Wednesday, January 29th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at ServiceNow

In other ServiceNow news, CFO Gina Mastantuono sold 4,442 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $964.70, for a total transaction of $4,285,197.40. Following the sale, the chief financial officer now directly owns 11,126 shares of the company's stock, valued at $10,733,252.20. This trade represents a 28.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William R. Mcdermott sold 1,263 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,019.10, for a total transaction of $1,287,123.30. Following the completion of the transaction, the chief executive officer now directly owns 2,595 shares of the company's stock, valued at approximately $2,644,564.50. This represents a 32.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,618 shares of company stock valued at $21,132,878 in the last ninety days. Corporate insiders own 0.38% of the company's stock.

Institutional Trading of ServiceNow

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of ServiceNow in the fourth quarter valued at $27,000. Atala Financial Inc purchased a new stake in shares of ServiceNow during the 4th quarter valued at $28,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of ServiceNow during the 4th quarter worth $32,000. Noble Wealth Management PBC acquired a new stake in shares of ServiceNow during the 4th quarter worth $34,000. Finally, Bogart Wealth LLC raised its position in shares of ServiceNow by 113.3% in the 1st quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider's stock worth $25,000 after buying an additional 17 shares during the period. 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.