Pre-Q2 Earnings: Is ServiceNow (NOW) a Portfolio Must-Have?

For 2024, ServiceNow expects subscription revenues to be $10.56-$ 10.575 billion (up $20 million from the previous guidance), which suggests a rise between 21.5% and 22% from 2023 on a GAAP basis. At constant currency, subscription revenues are expected to grow 21.5% over 2023. The Zacks Consensus Estimate for 2024 revenues is pegged at$ 10.88 billion, indicating 21.32% growth year over year. The consensus mark for earnings is pegged at $13.51 per share, unchanged over the past 30 days and indicating a 25.32 ...