Analysts Set Expectations for ServiceNow FY2026 Earnings

ServiceNow, Inc. (NYSE:NOW) – Research analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for ServiceNow in a research report issued on Monday, June 9th. Cantor Fitzgerald analyst T. Blakey forecasts that the information technology services provider will post earnings per share of $11.81 for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $1,048.00 price target on the stock. The consensus estimate for ServiceNow’s current full-year earnings is $8.93 per share.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.26. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.41 earnings per share.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of ServiceNow in a research note on Thursday, April 24th. JMP Securities reissued a “market outperform” rating and issued a $1,300.00 price target on shares of ServiceNow in a research report on Tuesday, May 6th. Jefferies Financial Group cut their price target on ServiceNow from $1,250.00 to $1,025.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Oppenheimer reiterated an “outperform” rating and set a $1,100.00 price objective (up previously from $970.00) on shares of ServiceNow in a research note on Tuesday, May 6th. Finally, William Blair reissued an “outperform” rating on shares of ServiceNow in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,062.50.

ServiceNow Stock Down 0.3%

NYSE:NOW opened at $1,027.05 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10. The firm’s 50-day moving average price is $923.49 and its 200-day moving average price is $973.88. The company has a market capitalization of $212.58 billion, a PE ratio of 150.37, a P/E/G ratio of 4.51 and a beta of 0.95. ServiceNow has a 1-year low of $678.66 and a 1-year high of $1,198.09.

Insider Activity at ServiceNow

In other news, insider Jacqueline P. Canney sold 66 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $1,023.00, for a total value of $67,518.00. Following the completion of the sale, the insider now directly owns 3,027 shares in the company, valued at $3,096,621. This represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William R. Mcdermott sold 2,050 shares of ServiceNow stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,012.01, for a total value of $2,074,620.50. Following the transaction, the chief executive officer now owns 6,614 shares in the company, valued at $6,693,434.14. This trade represents a 23.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,716 shares of company stock worth $6,611,245. 0.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NOW. Nicola Wealth Management LTD. grew its stake in shares of ServiceNow by 57.1% during the 1st quarter. Nicola Wealth Management LTD. now owns 22,000 shares of the information technology services provider’s stock valued at $17,515,000 after acquiring an additional 8,000 shares during the period. First Hawaiian Bank boosted its position in shares of ServiceNow by 23.4% in the first quarter. First Hawaiian Bank now owns 4,370 shares of the information technology services provider’s stock worth $3,479,000 after purchasing an additional 829 shares during the period. Invst LLC boosted its position in shares of ServiceNow by 208.1% in the first quarter. Invst LLC now owns 992 shares of the information technology services provider’s stock worth $790,000 after purchasing an additional 670 shares during the period. Modern Wealth Management LLC increased its stake in shares of ServiceNow by 16.9% in the first quarter. Modern Wealth Management LLC now owns 402 shares of the information technology services provider’s stock worth $320,000 after purchasing an additional 58 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of ServiceNow by 35.5% during the 1st quarter. Jones Financial Companies Lllp now owns 67,926 shares of the information technology services provider’s stock valued at $54,158,000 after purchasing an additional 17,781 shares during the period. Institutional investors own 87.18% of the company’s stock.

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.