ServiceNow Stock Outshines Market Amid Gains

ServiceNow’s (NOW) stock rose by 1.31% to $1,074.87 in the latest trading session, outperforming the S&P 500, which fell by 0.09%. Over the past month, ServiceNow’s shares have climbed 3.72%, surpassing the Computer and Technology sector’s 3.04% gain and the S&P 500’s 0.29% loss. Investors are eagerly awaiting the company’s upcoming financial results, with projections for earnings per share (EPS) at $3.60, a 15.76% rise from the same quarter last year, and revenue at $2.96 billion, up 21.29%. The company’s full-year estimates indicate a 28.66% increase in EPS to $13.87 and a 22.35% rise in revenue to $10.98 billion. Analysts have maintained their consensus EPS estimate for the past 30 days, and ServiceNow currently holds a Zacks Rank of #2 (Buy). The stock’s valuation shows a Forward P/E of 76.5, higher than the industry’s average of 28.14, alongside a PEG ratio of 3.1, compared to the industry’s 2.77.