Summary:
- ServiceNow is expected to report significant increases in both EPS and revenue this quarter.
- Analysts predict an average target price suggesting a potential upside of nearly 14%.
- ServiceNow's "Outperform" rating underscores its robust growth outlook despite economic uncertainties.
ServiceNow's Anticipated Earnings Growth
ServiceNow (NYSE: NOW) is set to reveal its second-quarter earnings this Wednesday, with projections pointing to a promising 14.1% increase in Earnings Per Share (EPS) to $3.57 and an 18.6% rise in revenue, reaching $3.12 billion. Amid a backdrop of economic uncertainties, the company's subscription revenue is forecasted to maintain its vigorous expansion, capturing investors' attention.
Wall Street Analysts Forecast
According to estimates from 40 analysts, ServiceNow's one-year average target price stands at $1,096.71. This range includes a high prediction of $1,300.00 and a low of $724.00. Notably, the average target price signifies a potential upside of 13.99% compared to the current price of $962.15. For more insights, explore the detailed estimates on the ServiceNow Inc (NOW, Financial) Forecast page.
Brokerage Firm Recommendations
The consensus recommendation from 46 brokerage firms positions ServiceNow Inc (NOW, Financial) with an average rating of 1.8, indicative of an "Outperform" status. This rating operates on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
GuruFocus Valuation Insights
ServiceNow's estimated GF Value for the coming year is $1087.38, alluding to a potential upside of 13.02% from its present price of $962.15. The GF Value reflects GuruFocus's assessment of the fair trading value of the stock, derived from historical trading multiples, prior business growth, and future performance projections. Delve deeper into the specifics on the ServiceNow Inc (NOW, Financial) Summary page.
