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Barchart
Sohini Mondal

ServiceNow's Quarterly Earnings Preview: What You Need to Know

NOW ServiceNow

With a market cap of $188.1 billion, Santa Clara, California-based ServiceNow, Inc. (NOW) provides cloud-based workflow automation solutions for digital transformation. Its Now Platform enables businesses to streamline operations and enhance productivity using AI, machine learning, and automation. The company is expected to announce its fiscal Q3 earnings results after the market closes on Wednesday, Oct. 23.

Ahead of this event, analysts expect NOW to report a profit of $1.66 per share, up 37.2% from $1.21 per share in the previous year's quarter. The company has surpassed Wall Street's bottom-line estimates in the past four quarters. In the most recent quarter, the company exceeded the consensus estimate by a margin of 29.6%.

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