What is DA Davidson’s Forecast for ServiceNow Q2 Earnings?

ServiceNow, Inc. (NYSE:NOW) – Research analysts at DA Davidson issued their Q2 2025 earnings per share estimates for shares of ServiceNow in a research report issued to clients and investors on Wednesday, June 25th. DA Davidson analyst G. Luria expects 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.

A number of other equities analysts also recently issued reports on the company. FBN Securities raised ServiceNow to a “strong-buy” rating in a research note on Wednesday, June 11th. The Goldman Sachs Group reissued a “buy” rating on shares of ServiceNow in a research note on Thursday, April 24th. BMO Capital Markets increased their target price on ServiceNow from $1,025.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 14th. Wells Fargo & Company increased 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. Finally, Canaccord Genuity Group dropped their price objective on ServiceNow from $1,275.00 to $900.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,065.32.

ServiceNow Stock Performance

Shares of NOW stock opened at $1,023.56 on Friday. The company has a market cap of $211.86 billion, a price-to-earnings ratio of 139.07, a price-to-earnings-growth ratio of 4.65 and a beta of 0.95. The stock has a 50 day simple moving average of $985.61 and a 200-day simple moving average of $967.23. ServiceNow has a 12-month low of $678.66 and a 12-month high of $1,198.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.26. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.09 billion. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period last year, the firm earned $3.41 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NOW. GAMMA Investing LLC boosted its position in shares of ServiceNow by 87,501.3% during the first quarter. GAMMA Investing LLC now owns 2,689,361 shares of the information technology services provider’s stock worth $2,141,108,000 after buying an additional 2,686,291 shares during the period. Norges Bank bought a new stake in ServiceNow during the 4th quarter valued at $2,603,360,000. Nuveen LLC bought a new stake in ServiceNow during the 1st quarter valued at $1,817,535,000. OVERSEA CHINESE BANKING Corp Ltd boosted its position in ServiceNow by 1,586.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 933,209 shares of the information technology services provider’s stock worth $742,965,000 after acquiring an additional 877,875 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of ServiceNow by 131.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,480,526 shares of the information technology services provider’s stock worth $1,178,706,000 after purchasing an additional 840,731 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ServiceNow

In related news, General Counsel Russell S. Elmer sold 62 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $1,023.00, for a total transaction of $63,426.00. Following the completion of the transaction, the general counsel now owns 4,332 shares in the company, valued at $4,431,636. The trade was a 1.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William R. Mcdermott sold 2,050 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,012.01, for a total value of $2,074,620.50. Following the completion of the sale, the chief executive officer now owns 6,614 shares in the company, valued at $6,693,434.14. The trade was a 23.66% decrease in their ownership of the stock. 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. Insiders own 0.38% 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.