ServiceNow (NOW) Reports Q1: Everything You Need To Know Ahead Of Earnings

Enterprise workflow automation company ServiceNow (NYSE:NOW) will be reporting earnings this Wednesday afternoon. Here’s what investors should know.

ServiceNow beat analysts’ revenue expectations last quarter, reporting revenues of $3.57 billion, up 20.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA and annual recurring revenue estimates.

Is ServiceNow a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting ServiceNow’s revenue to grow 21.3% year on year, improving from the 18.6% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ServiceNow rarely misses Wall Street’s revenue estimates.

With ServiceNow being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for productivity software stocks. However, investors in the segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. ServiceNow is down 9% during the same time .

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