ServiceNow (NOW) Expected to Announce Earnings on Wednesday

ServiceNow (NYSE:NOW - Get Free Report) is anticipated to post its Q2 2025 quarterly earnings results after the market closes on Wednesday, July 23rd. Analysts expect ServiceNow to post earnings of $3.53 per share and revenue of $3.12 billion for the quarter.

ServiceNow (NYSE:NOW - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.78 by $0.26. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The firm had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the company posted $3.41 EPS. The company's quarterly revenue was up 18.6% compared to the same quarter last year. On average, analysts expect ServiceNow to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

ServiceNow Trading Down 0.3%

Shares of NYSE:NOW traded down $3.14 on Thursday, hitting $963.84. The company had a trading volume of 668,919 shares, compared to its average volume of 1,485,620. The firm's 50-day simple moving average is $1,007.21 and its two-hundred day simple moving average is $957.83. ServiceNow has a 1 year low of $678.66 and a 1 year high of $1,198.09. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $199.49 billion, a price-to-earnings ratio of 131.07, a P/E/G ratio of 4.40 and a beta of 0.94.

Insider Buying and Selling at ServiceNow

In other news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1,020.00, for a total value of $1,194,420.00. Following the completion of the sale, the insider owned 3,000 shares of the company's stock, valued at approximately $3,060,000. This represents a 28.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William R. Mcdermott sold 2,050 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the sale, the chief executive officer directly owned 6,614 shares in the company, valued at $6,693,434.14. This trade represents a 23.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,601 shares of company stock valued at $6,577,363 over the last quarter. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ServiceNow

An institutional investor recently raised its position in ServiceNow stock. Brighton Jones LLC raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,753 shares of the information technology services provider's stock after acquiring an additional 30 shares during the quarter. Brighton Jones LLC's holdings in ServiceNow were worth $2,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 87.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NOW shares. BMO Capital Markets lifted their price target on shares of ServiceNow from $1,025.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Oppenheimer reaffirmed an "outperform" rating and set a $1,100.00 price target (up previously from $970.00) on shares of ServiceNow in a report on Tuesday, May 6th. Morgan Stanley reaffirmed an "equal weight" rating on shares of ServiceNow in a report on Tuesday, July 8th. Jefferies Financial Group decreased their price target on shares of ServiceNow from $1,250.00 to $1,025.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Scotiabank set a $1,100.00 price target on shares of ServiceNow and gave the company an "outperform" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, ServiceNow currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,073.13.

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.