Earnings Outlook For ServiceNow
Portfolio Pulse from Benzinga Insights
ServiceNow (NYSE:NOW) is expected to release its quarterly earnings report on Wednesday, 2024-01-24, with an estimated EPS of $2.78. Investors are looking for an earnings beat and positive guidance for future growth. ServiceNow's past earnings performance shows a history of beating EPS estimates, which has generally led to positive stock price movements. Shares are currently trading at $752.45, up 66.21% over the last 52 weeks.
January 23, 2024 | 3:01 pm
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ServiceNow is anticipated to release its earnings report with an expected EPS of $2.78. Historical data suggests that beating EPS estimates positively influences its stock price.
Given ServiceNow's history of surpassing EPS estimates and the subsequent positive stock price reactions, there is a reasonable expectation that a similar outcome could occur if the company beats the EPS estimate again. The stock has performed well over the past year, which may contribute to investor optimism. However, the market's reaction will heavily depend on the actual earnings results and the forward guidance provided by the company.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100