How did NOW's Q3 2024 earnings surprise investors?
3/28/2025 03:14pm
Nasdaq-listed companies that have reported their Q3 2024 earnings so far have had mixed reactions from investors, as evidenced by the varying percentage changes in their stock prices after earnings release. Here's a detailed analysis:
1. **Positive Performers**
- **Markel Group (MKL)**: Despite a relatively small EPS surprise of $0.44, Markel Group's stock price increased by 1.45%. This suggests that investors may have had positive expectations or reacted favorably to the earnings report.
- **White Mountains Insurance Group (WTM)**: With an EPS surprise of $1.86, White Mountains Insurance Group's stock price rose by 2.46%. This indicates a strong positive reaction from investors, possibly due to favorable earnings results or guidance provided in the report.
2. **Neutral to Negative Performers**
- **Siyata Mobile (SYTA)**: Siyata Mobile's EPS surprise was $0.23, with its stock price remaining unchanged. This could suggest that investors had already priced in the earnings expectation or that the earnings report did not significantly surprise the market.
- **Booking Holdings (BKNG)**: Despite an EPS surprise of $0.63, Booking Holdings' stock price decreased by 0.7%. This could be due to factors other than earnings, such as market conditions or investor sentiment.
- **The Scotts Miracle-Gro (SMG)**: With an EPS surprise of $0.42, The Scotts Miracle-Gro's stock price increased by 0.3%. This indicates a relatively neutral reaction from investors, possibly due to the company's steady performance.
3. **Underperformers**
- **Tivic Health (TIVC)**: Tivic Health's EPS surprise was -$0.05, and its stock price dropped by 2.67%. This suggests a negative reaction from investors, possibly due to concerns about the company's financial health or future prospects.
- **Claritev (CTEV)**: Claritev's EPS surprise was -$0.12, and its stock price remained unchanged. This could indicate a lack of investor confidence or a market that had already priced in the expected earnings.
In conclusion, Markel Group and White Mountains Insurance Group have seen positive stock price movements after reporting their Q3 2024 earnings. Conversely, Tivic Health and Claritev have experienced negative reactions, while Siyata Mobile and The Scotts Miracle-Gro have had relatively neutral responses. Booking Holdings' stock price decline may be attributed to factors other than earnings.
|code|Ticker|Name|Date|Revenue Surprise|Percentage Change|market_code|
|---|---|---|---|---|---|---|
|NOW|NOW.N|ServiceNow|20241001||-3.0423|169|
|NOW|NOW.N|ServiceNow|20241002||1.5256|169|
|NOW|NOW.N|ServiceNow|20241003||1.162|169|
|NOW|NOW.N|ServiceNow|20241004||3.036|169|
|NOW|NOW.N|ServiceNow|20241007||-1.2793|169|
|NOW|NOW.N|ServiceNow|20241008||1.7727|169|
|NOW|NOW.N|ServiceNow|20241009||1.8059|169|
|NOW|NOW.N|ServiceNow|20241010||0.6371|169|
|NOW|NOW.N|ServiceNow|20241011||-0.6394|169|
|NOW|NOW.N|ServiceNow|20241014||0.6499|169|