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ServiceNow (NOW) Dips More Than Broader Market: What You Should Know

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ServiceNow (NOW - Free Report) closed the most recent trading day at $138.19, moving -3.12% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.19% for the day. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq lost 0.1%.

Coming into today, shares of the maker of software that automates companies' technology operations had lost 6.8% in the past month. In that same time, the Computer and Technology sector gained 2.62%, while the S&P 500 gained 2.26%.

Investors will be eagerly watching for the performance of ServiceNow in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 28, 2026. On that day, ServiceNow is projected to report earnings of $0.87 per share, which would represent year-over-year growth of 19.18%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.52 billion, indicating a 19.19% increase compared to the same quarter of the previous year.

NOW's full-year Zacks Consensus Estimates are calling for earnings of $3.46 per share and revenue of $13.23 billion. These results would represent year-over-year changes of +24.46% and 0%, respectively.

Investors should also pay attention to any latest changes in analyst estimates for ServiceNow. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. ServiceNow is currently a Zacks Rank #3 (Hold).

Investors should also note ServiceNow's current valuation metrics, including its Forward P/E ratio of 35.35. This signifies a premium in comparison to the average Forward P/E of 17.84 for its industry.

It's also important to note that NOW currently trades at a PEG ratio of 1.44. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 1.53.

The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 175, placing it within the bottom 29% of over 250 industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.


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