$ServiceNow(NOW.US)Context: ServiceNow will release its third-quarter earnings report after the closing bell today. Anal…
$ServiceNow(NOW.US)
Context: ServiceNow will release its third-quarter earnings report after the closing bell today. Analysts expect the company to report quarterly earnings of $1.02 per share, up from 96 cents per share in the year-ago period. The consensus estimate for NOW’s quarterly revenue is $4.09 billion. It reported $3.41 billion last year. On July 22, ServiceNow reported better-than-expected second-quarter financial results.
My Trade: I'm being patient right now. There is definitely potential to rise further but the odds of it trading sideways is larger.
Takeaway: Analysts expect Servicenow to beat earnings and most are still recommending a Buy or hold with price targets higher than current trading price. @Captain's Treasure
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