Stock Watch: Uniform Accounting highlights NOW’s Adjusted EPS is actually positive, and valuations are fair at worst

NOW’s traditional EPS is materially distorted by accounting for R&D and stock option expenses
After making the appropriate UAFRS adjustments, EPS’ is actually positive, not negative, and will remain positive for the foreseeable future
Given the firm’s positive earnings and strong earnings growth, NOW trades at a 0.96x PEG, suggesting fair value at worst

Submitted May 09, 2017 at 09:52PM by Valens_Research http://ift.tt/2pxqXN9

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