PREVIEW: ServiceNow's subscription revenue seen boosting quarterly earnings

Shares of enterprise software maker ServiceNow NOW.N are down 1% to $130.38 ahead of its quarterly earnings result due after markets close on Wednesday

Wall Street analysts expect 19% jump in NOW's revenue to $3.5 bln, helped by subscription revenue growth as well as 20% rise in adjusted EPS to 88 cents

NOW's revenue and adjusted EPS have exceeded analysts' expectations over the last 8 quarters

NOW reached a $7.75 bln deal to buy cybersecurity startup Armis, as it looks to attract new customers amid growing risks of cyberattacks

Among 47 analysts covering Now, average rating is "BUY" and median PT is $210 - LSEG data

NOW is down 14.6% YTD vs NASDAQ Composite Index's .IXIC 2.6% increase, after having dropped 28% in 2025