Why the growth investor may take a look at NYSE:NOW.

In this article we will dive into SERVICENOW INC (NYSE:NOW) as a possible candidate for growth investing. Investors should always do their own research, but we noticed SERVICENOW INC showing up in our Louis Navellier growth screen, which makes it worth to investigate a bit more.

Some of the growth metrics of NYSE:NOW highlighted

• SERVICENOW INC has a healthy Return on Equity(ROE) of 20.56%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• With a track record of beating EPS estimates in the last 4 quarters, SERVICENOW INC showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• With impressive 1-year revenue growth of 21.47%, SERVICENOW INC showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
• With consistent quarter-to-quarter (Q2Q) revenue growth of 22.72%, SERVICENOW INC exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for continued growth.
• With a favorable trend in its operating margin over the past year, SERVICENOW INC demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• With a favorable trend in its free cash flow (FCF) over the past year, SERVICENOW INC demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), SERVICENOW INC highlights its ability to generate increasing profitability, showcasing a 46.3% growth.
• SERVICENOW INC has seen a 5.71% change in the average next Quarter EPS Estimate by analysts over the last 3 months, signaling the shifting perception of the company's EPS outlook.
• The recent financial report of SERVICENOW INC demonstrates a 46.3% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• accelerating EPS growth for SERVICENOW INC: the current Q2Q growth of 46.3% exceeds the previous year Q2Q growth of 14.08%.

What else is there to say on the fundamentals of NYSE:NOW?

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

We assign a fundamental rating of 6 out of 10 to NOW. NOW was compared to 280 industry peers in the Software industry. NOW has an excellent profitability rating, but there are some minor concerns on its financial health. NOW is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! With these ratings, NOW could be worth investigating further for growth investing!.

Check the latest full fundamental report of NOW for a complete fundamental analysis.

More ideas for growth investing can be found on ChartMill in our Lois Navellier screen.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.