ServiceNow, Inc. (NYSE:NOW) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 26, 2017. The stock added about 1.9 percent in price since last results when it was at $86.36 a share. Based on the most relevant past-periods data, there is an 64.71 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 11 times out of last 17 reported quarters. It has beaten earnings-per-share estimates 41% of the time in its last 12 earnings reports. It fell short of earnings estimates on 7 occasions, and it has met expectations 0 time.
Here’s how traders responded to NOW earnings announcements over the past few quarters.
ServiceNow, Inc. (NOW) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -48.41 percent over the past four quarters. Back on January 25, 2017, it posted earnings per-share earnings at $-0.15 which missed the consensus $-0.1 projection (negative surprise of-50%). For the quarter, revenue came in at 385.67M versus consensus estimate of 378.87M. The stock gained 3.61 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On October 26, 2016, it reported earnings at $-0.15 a share compared with the consensus estimate of $-0.1 per share (negative surprise of -50%). Revenue of 357.66M for that quarter was above the $352.16M analysts had expected. The stock climbed 7.68% the day following the earnings announcement, and on 7th day price change was 7.21%.
On July 27, 2016, it recorded $-0.25 a share in earnings which missed the consensus estimate of $-0.22 (negative surprise of -13.64%). Revenue for the quarter was $341.31M while analysts called for revenues to be $333.96M. The stock gained 4.66% the day following the earnings data was made public, and on 7th day price change was 1.77%.
On April 20, 2016, it announced earnings per share at $-0.36 versus the consensus estimate of $-0.2 per share (negative surprise of -80%). That came on revenues of $305.88M for that period. Analysts had expected $300.96M in revenue.
ServiceNow, Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.17. The analysts’ present consensus range is $0.15-$0.18 for EPS. The market consensus range for revenue is between $406.99M and $411.9M, with an average of $409.32M.
ServiceNow, Inc. (NYSE:NOW) last ended at $88.64, sending the company’s market cap near $14.72B. The consensus 12-month price target from analysts covering the stock is $102.46. The share price has declined -6.42% from its top level in 52 weeks and dropped 19.24% this year. It recently traded in a range of $87.66-$88.86 at a volume of 1292811 shares. The recent trading ended with the price nearly 2.76 higher for the last 5 trading days, rebounding 48.3% from its 52-week low.