ServiceNow Inc (NYSE: NOW) has reported E.P.S. of $1.69 for its first fiscal quarter (ending March 31) versus $0.74 for the same period a year ago. E.P.S. were $9.43 for the latest four quarters through March 31 versus $1.97 for the same period a year ago.
Recent Price Action
On 4/24/24, ServiceNow Inc (NYSE: NOW) stock rose modestly by 0.7%, closing at $746.29. Moreover, trading volume in this advance was above average at 147% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
NOW is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
ServiceNow has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ServiceNow has a poor Appreciation Score of 22 but a very high Power Rating of 91, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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