ServiceNow Inc (NYSE: NOW) has reported earnings for its third fiscal quarter (ending September 30) of $2.09 versus $1.18 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $6.50 versus $7.78 for the same period a year ago.
Recent Price Action
ServiceNow Inc (NYSE: NOW) stock declined modestly by -1.1% on 10/23/24. The stock closed at $907.68. Moreover, trading volume in this decline was unusually high at 166% of normal. The stock has been strong relative to the market over the last nine months but has declined -2.2% during the last week.
Current PriceTarget Research Rating
NOW’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
ServiceNow has a current Value Trend Rating of C (Low 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 19 but a good Power Rating of 77, producing the Low 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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