ServiceNow: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
ServiceNow (NYSE:NOW) reported Q4 earnings with an EPS of $3.11, beating estimates by 11.47% and surpassing the estimated $2.79. Revenue increased by $497 million from the same period last year. Historically, the company's share price increased by 3.92% the day after beating last quarter's EPS estimate by $0.36.
January 24, 2024 | 9:30 pm
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POSITIVE IMPACT
ServiceNow reported a strong Q4 with EPS of $3.11, beating estimates by 11.47%, and a significant year-over-year revenue increase. This performance may lead to a positive short-term impact on the stock price.
ServiceNow's Q4 earnings beat and revenue growth are strong indicators of the company's performance, which historically has led to a positive reaction in the stock price the following day. Given the company's past trend of share price increase after beating EPS estimates, it is likely that the stock will experience a similar positive movement in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100