ServiceNow FY2025 EPS Estimate Boosted by Cantor Fitzgerald

ServiceNow, Inc. (NYSE:NOW) – Analysts at Cantor Fitzgerald lifted their FY2025 earnings estimates for shares of ServiceNow in a report released on Thursday, July 24th. Cantor Fitzgerald analyst T. Blakey now forecasts that the information technology services provider will post earnings per share of $9.37 for the year, up from their prior forecast of $9.18. Cantor Fitzgerald currently has a “Overweight” rating and a $1,200.00 price objective on the stock. The consensus estimate for ServiceNow’s current full-year earnings is $8.93 per share. Cantor Fitzgerald also issued estimates for ServiceNow’s FY2026 earnings at $11.64 EPS.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.52. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.12 billion. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The company’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.13 EPS.

Several other research analysts have also recently commented on NOW. Wells Fargo & Company upped their target price on shares of ServiceNow from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research report on Thursday. Wall Street Zen lowered shares of ServiceNow from a “buy” rating to a “hold” rating in a research report on Monday, July 21st. BMO Capital Markets lifted their price target on shares of ServiceNow from $1,150.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI lifted their price objective on shares of ServiceNow from $925.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Finally, Scotiabank set a $1,100.00 price target on shares of ServiceNow and gave the company an “outperform” rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and an average price target of $1,114.87.

ServiceNow Stock Down 2.8%

NYSE:NOW opened at $968.05 on Friday. The firm has a market capitalization of $200.37 billion, a PE ratio of 121.92, a price-to-earnings-growth ratio of 4.56 and a beta of 0.94. The stock has a 50 day moving average of $1,000.33 and a 200-day moving average of $953.18. ServiceNow has a 52 week low of $678.66 and a 52 week high of $1,198.09. The company has a current ratio of 1.09, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Insider Activity at ServiceNow

In other news, CEO William R. Mcdermott sold 2,050 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the transaction, the chief executive officer directly owned 6,614 shares in the company, valued at approximately $6,693,434.14. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Chadwick sold 770 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $931.62, for a total transaction of $717,347.40. Following the completion of the transaction, the director owned 3,205 shares in the company, valued at $2,985,842.10. This represents a 19.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,003 shares of company stock valued at $6,015,106 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ServiceNow

Several large investors have recently bought and sold shares of NOW. Haverford Trust Co grew its holdings in shares of ServiceNow by 0.9% during the 1st quarter. Haverford Trust Co now owns 1,176 shares of the information technology services provider’s stock valued at $936,000 after purchasing an additional 10 shares during the last quarter. Ascent Group LLC grew its holdings in ServiceNow by 0.5% during the 1st quarter. Ascent Group LLC now owns 2,045 shares of the information technology services provider’s stock worth $1,628,000 after acquiring an additional 10 shares during the last quarter. Edgemoor Investment Advisors Inc. grew its holdings in ServiceNow by 2.5% during the 1st quarter. Edgemoor Investment Advisors Inc. now owns 459 shares of the information technology services provider’s stock worth $366,000 after acquiring an additional 11 shares during the last quarter. Integrated Investment Consultants LLC lifted its position in shares of ServiceNow by 2.5% in the 1st quarter. Integrated Investment Consultants LLC now owns 450 shares of the information technology services provider’s stock worth $358,000 after purchasing an additional 11 shares during the period. Finally, one8zero8 LLC lifted its position in shares of ServiceNow by 3.2% in the 1st quarter. one8zero8 LLC now owns 356 shares of the information technology services provider’s stock worth $283,000 after purchasing an additional 11 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

About ServiceNow

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.