ServiceNow (NOW) Surges 4.6%: Is This an Indication of Further Gains?

Company Overview - ServiceNow (NOW) shares increased by 4.6% to close at $928.6, supported by strong trading volume, contrasting with a 9.2% decline over the past four weeks [1] - The company is experiencing growth due to the increasing adoption of workflows by enterprises in the process of digital transformation [1] Earnings Expectations - ServiceNow is projected to report quarterly earnings of $4.22 per share, reflecting a year-over-year increase of 13.4% [2] - Expected revenues for the upcoming quarter are $3.35 billion, which represents a 19.9% increase compared to the same quarter last year [2] Stock Performance Insights - The consensus EPS estimate for ServiceNow has remained stable over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [4] Industry Context - ServiceNow operates within the Zacks Computers - IT Services industry, where Accenture (ACN) also competes [4] - Accenture's consensus EPS estimate has seen a slight increase of 0.2% to $2.98, with a year-over-year change of 6.8% [5] - Accenture's stock has experienced a decline of 6.2% over the past month, closing at $256.17 [4]