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A Look at ServiceNow’s Stock Returns

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Oct. 1 2018, Updated 7:34 a.m. ET

Stock up 50.0% in 2018

Enterprise cloud-computing solutions company ServiceNow (NOW) stock is up 50.0% this year. ServiceNow stock is currently trading at $197.61, which is 76.0% above its 52-week low of $112.43 and 4.0% below its 52-week high of $206.30.

ServiceNow stock has been on a roll since February 2016 when it was trading at $52.31 and rose to $74.34 by the end of 2016. In 2017, ServiceNow stock rose 76.0% to $130.39. Comparatively, the S&P 500 ETF (SPY) has generated returns of 10.0% this year, rising 18.0% in the last year and 59.0% in the last three years. The Invesco QQQ ETF (QQQ) has risen 18.5% this year, 28.0% in the last year, and 81.0% in the last three years.

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NOW beat earnings estimates in three of the last four quarters

ServiceNow (NOW) stock’s key drivers include its robust revenue growth, total available market, and earnings growth. The stock has been able to beat analysts’ earnings estimates in three of the last four quarters.

ServiceNow reported non-GAAP EPS of $0.49 in the second quarter, which was 14.0% above analyst estimates of $0.43. The company reported EPS of $0.56 in the first quarter, which was 51.0% above estimates of $0.37 and EPS of $0.38 in the third quarter of 2017. Its EPS in the third quarter of 2017 was 18.0% above the estimate of $0.32.

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