This software company is expected to grow by more than 28% annually over the next five years.
ServiceNow, Inc. (NOW)
From The Chartist
The second-quarter earnings season rolls on. Of the roughly 130 S&P 500 companies that have reported, 80% have exceeded estimates. Expectations were of course already significantly lowered due to the impact of the pandemic. Overall, earnings are on pace to decline more than 40%, based on a blend of earnings already posted and estimates. If accurate, it would be the worst year-over-year earnings since the fourth quarter of 2008.
ServiceNow (NOW) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20.59%.
A quarter ago, it was expected that this maker of software that automates companies’ technology operations would post earnings of $0.96 per share when it actually produced earnings of $1.05, delivering a surprise of 9.38%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Dan Sullivan, The Chartist, thechartist.com, 900-942-4278, July 30, 2020