Cantor Fitzgerald Estimates ServiceNow FY2025 Earnings

ServiceNow, Inc. (NYSE:NOW) – Research analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for shares of ServiceNow in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey anticipates that the information technology services provider will earn $9.63 per share for the year. Cantor Fitzgerald currently has a “Strong-Buy” rating and a $1,332.00 target price on the stock. The consensus estimate for ServiceNow’s current full-year earnings is $7.06 per share.

A number of other equities research analysts have also issued reports on the stock. Oppenheimer increased their target price on shares of ServiceNow from $1,020.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Evercore ISI upped their target price on shares of ServiceNow from $950.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. TD Cowen raised their price target on ServiceNow from $1,025.00 to $1,300.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada increased their price target on shares of ServiceNow from $1,045.00 to $1,210.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Needham & Company LLC lifted their target price on ServiceNow from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,090.72.

ServiceNow Stock Performance

Shares of ServiceNow stock opened at $1,097.53 on Wednesday. The stock has a market capitalization of $226.09 billion, a price-to-earnings ratio of 170.69, a price-to-earnings-growth ratio of 4.85 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day moving average of $1,070.37 and a 200 day moving average of $935.27. ServiceNow has a 12 month low of $637.99 and a 12 month high of $1,157.90.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, topping the consensus estimate of $3.46 by $0.26. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.75 billion. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period last year, the business posted $1.21 earnings per share.

Insider Buying and Selling

In other news, insider Nicholas Tzitzon sold 313 shares of ServiceNow stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,064.60, for a total transaction of $333,219.80. Following the completion of the transaction, the insider now owns 3,649 shares of the company’s stock, valued at $3,884,725.40. The trade was a 7.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William R. Mcdermott sold 12,271 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the completion of the sale, the chief executive officer now directly owns 2,595 shares in the company, valued at approximately $2,588,953.65. The trade was a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,731 shares of company stock valued at $21,016,751. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of ServiceNow

Institutional investors and hedge funds have recently modified their holdings of the business. Peak Financial Management Inc. purchased a new stake in ServiceNow in the 4th quarter valued at approximately $339,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of ServiceNow by 11.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,030 shares of the information technology services provider’s stock worth $1,092,000 after acquiring an additional 102 shares during the last quarter. Cora Capital Advisors LLC purchased a new stake in shares of ServiceNow in the fourth quarter valued at $217,000. Jamison Private Wealth Management Inc. boosted its stake in shares of ServiceNow by 6.5% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 2,319 shares of the information technology services provider’s stock valued at $2,458,000 after acquiring an additional 142 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in ServiceNow by 35.9% during the 4th quarter. First Citizens Bank & Trust Co. now owns 1,230 shares of the information technology services provider’s stock worth $1,304,000 after purchasing an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

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.