Unveiling ServiceNow (NOW) Q1 Outlook: Wall Street Estimates for Key Metrics

Core Insights - ServiceNow (NOW) is expected to report quarterly earnings of $3.79 per share, reflecting an 11.1% increase year over year, with revenues projected at $3.08 billion, indicating an 18.4% growth compared to the previous year [1] - Analysts have revised the consensus EPS estimate down by 0.7% over the last 30 days, indicating a reevaluation of initial projections [1][2] Revenue and Profit Metrics - The estimated revenue from 'Professional services and other' is projected to be $84.10 million, a 5.1% increase from the prior year [4] - The 'Subscription' revenue is expected to reach $3.00 billion, representing an 18.8% year-over-year growth [4] - Current Remaining Performance Obligations (cRPO) are anticipated to be $10.10 billion, up from $8.45 billion a year ago [4] - Remaining Performance Obligations (RPO) are forecasted to be $21.42 billion, compared to $17.7 billion in the same quarter last year [5] - Gross Profit (Non-GAAP) from Subscription services is expected to be $2.51 billion, an increase from $2.16 billion year over year [5] - Gross Profit (Non-GAAP) from Professional services and other is projected at $10.12 million, down from $13 million a year ago [6] Stock Performance - Over the past month, ServiceNow shares have declined by 5.6%, while the Zacks S&P 500 composite has decreased by 6.3% [6] - ServiceNow holds a Zacks Rank of 3 (Hold), suggesting that its performance is likely to align with the overall market in the near term [6]