ServiceNow Stock Falls 1.2% to $108; Forward P/E at 26.5 vs. 13
ServiceNow shares slid 1.18% to $108.01, underperforming the S&P 500’s 0.43% decline and falling 6.37% over the past month versus a 3.21% sector loss. The stock trades at a 26.5 forward P/E, far above the industry’s 13, as analysts forecast Q1 EPS of $0.95 (+17.3%) and revenue of $3.75 B (+21.4%).
1. Stock Performance Recap
ServiceNow shares closed at $108.01, down 1.18% from the previous session, trailing the S&P 500’s 0.43% decline, the Dow’s 1.05% drop, and the Nasdaq’s 0.92% fall. Over the last month, shares lost 6.37%, underperforming the Computer and Technology sector’s 3.21% slump.
2. Q1 Earnings Forecast
Analysts project first-quarter EPS of $0.95, up 17.28% year-over-year, on revenue of $3.75 billion, a 21.39% increase from the same period last year.
3. Full-Year Consensus Estimates
Full-year consensus forecasts call for EPS of $4.13 and revenue of $15.98 billion, reflecting growth of 17.66% and 20.32%, respectively. EPS estimates have risen 4.43% over the past 30 days, while consensus ratings indicate a Hold recommendation.
4. Valuation Metrics
The stock trades at a 26.49 forward price/earnings ratio versus the Computers-IT Services industry average of 12.99, and carries a 1.11 PEG ratio compared with the industry’s 1.19. The Computers-IT Services industry ranks in the top third among more than 250 industries by consensus rating.