ServiceNow (NOW) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, ServiceNow (NOW) closed at $291.94, marking a -1.34% move from the previous day. This change lagged the S&P 500’s 0.58% gain on the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 1.66%.
Heading into today, shares of the maker of software that automates companies’ technology operations had gained 6.38% over the past month, outpacing the Computer and Technology sector’s gain of 4.46% and the S&P 500’s gain of 3.15% in that time.
Investors will be hoping for strength from NOW as it approaches its next earnings release, which is expected to be April 29, 2020. The company is expected to report EPS of $0.96, up 43.28% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.02 billion, up 29.12% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.20 per share and revenue of $4.35 billion, which would represent changes of +26.51% and +25.71%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for NOW. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.