Equities Analysts Issue Forecasts for ServiceNow Q2 Earnings

ServiceNow, Inc. (NYSE:NOW) – DA Davidson issued their Q2 2025 earnings per share estimates for shares of ServiceNow in a report issued on Wednesday, June 25th. DA Davidson analyst G. Luria anticipates that the information technology services provider will post earnings per share of $1.78 for the quarter. DA Davidson has a “Buy” rating and a $1,150.00 price objective 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) last announced its quarterly earnings results 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. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the business posted $3.41 EPS. The business’s revenue was up 18.6% compared to the same quarter last year.

NOW has been the topic of a number of other reports. Truist Financial upgraded ServiceNow from a “hold” rating to a “buy” rating and lifted their price target for the company from $950.00 to $1,200.00 in a report on Thursday, May 1st. Mizuho lifted their price target on ServiceNow from $1,050.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, June 12th. Erste Group Bank upgraded ServiceNow from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 30th. Oppenheimer reiterated an “outperform” rating and issued a $1,100.00 price target (up from $970.00) on shares of ServiceNow in a report on Tuesday, May 6th. Finally, Wells Fargo & Company boosted their target price on ServiceNow from $1,100.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. One 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,065.32.

ServiceNow Trading Up 1.2%

Shares of NYSE:NOW opened at $1,023.56 on Friday. ServiceNow has a 12-month low of $678.66 and a 12-month high of $1,198.09. The business’s fifty day simple moving average is $985.61 and its 200-day simple moving average is $965.98. The company has a market capitalization of $211.86 billion, a PE ratio of 139.07, a P/E/G ratio of 4.70 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15.

Hedge Funds Weigh In On ServiceNow

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC increased its stake in shares of ServiceNow by 1.1% in the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock valued at $2,919,000 after purchasing an additional 30 shares in the last quarter. Pine Valley Investments Ltd Liability Co purchased a new position in shares of ServiceNow in the 4th quarter valued at about $219,000. Whipplewood Advisors LLC purchased a new position in shares of ServiceNow in the 4th quarter valued at about $269,000. Convergence Financial LLC increased its stake in shares of ServiceNow by 1.3% in the 4th quarter. Convergence Financial LLC now owns 2,029 shares of the information technology services provider’s stock valued at $2,151,000 after purchasing an additional 27 shares in the last quarter. Finally, Lineweaver Wealth Advisors LLC increased its stake in shares of ServiceNow by 11.6% in the 4th quarter. Lineweaver Wealth Advisors LLC now owns 2,104 shares of the information technology services provider’s stock valued at $2,232,000 after purchasing an additional 219 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Activity

In other news, CEO William R. Mcdermott sold 2,050 shares of the business’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 transaction, the chief executive officer now owns 6,614 shares of the company’s stock, valued at $6,693,434.14. The trade was a 23.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anita M. Sands sold 428 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $1,013.61, for a total value of $433,825.08. Following the completion of the transaction, the director now directly owns 10,891 shares of the company’s stock, valued at approximately $11,039,226.51. This trade represents a 3.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,716 shares of company stock valued at $6,611,245 in the last quarter. 0.38% of the stock is currently owned by company 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.