ServiceNow (NOW) Declines More Than Market: Some Information for Investors

Company Performance - ServiceNow closed at $830, reflecting a -1.53% change from the previous session, underperforming the S&P 500's daily loss of 1.07% [1] - Over the past month, ServiceNow shares have decreased by 14.57%, compared to the Computer and Technology sector's loss of 11.12% and the S&P 500's loss of 7.03% [1] Upcoming Financial Results - ServiceNow is projected to report earnings of$ 3.78 per share, indicating a year-over-year growth of 10.85% [2] - The Zacks Consensus Estimate for revenue is $3.09 billion, representing an 18.55% increase from the previous year [2] Full Year Estimates - Analysts expect ServiceNow to achieve earnings of$ 16.24 per share and revenue of $13.04 billion for the full year, marking increases of +16.67% and +18.69% respectively from last year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for ServiceNow are important as they reflect changing business trends, with positive revisions indicating optimism about the company's outlook [4] Valuation Metrics - ServiceNow has a Forward P/E ratio of 51.91, significantly higher than the industry average of 21.79, indicating a premium valuation [7] - The company has a PEG ratio of 2.16, compared to the industry average PEG ratio of 2.05 [8] Industry Context - The Computers - IT Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 70, placing it in the top 28% of over 250 industries [9]