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Nice (NICE) Outperforms Broader Market: What You Need to Know
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Nice (NICE - Free Report) closed at $154.27 in the latest trading session, marking a +1.69% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.54%. Meanwhile, the Dow experienced a rise of 0.52%, and the technology-dominated Nasdaq saw an increase of 0.74%.
Shares of the software company witnessed a loss of 8.24% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 5.77%, and the S&P 500's gain of 4.2%.
Analysts and investors alike will be keeping a close eye on the performance of Nice in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.99, marking a 13.26% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $713.93 million, indicating a 7.46% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $12.37 per share and revenue of $2.93 billion. These totals would mark changes of +11.24% and +7%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Nice. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% increase. Nice presently features a Zacks Rank of #2 (Buy).
Investors should also note Nice's current valuation metrics, including its Forward P/E ratio of 12.26. This indicates a discount in contrast to its industry's Forward P/E of 28.39.
Also, we should mention that NICE has a PEG ratio of 1.11. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 2.11 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 72, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Nice (NICE) Outperforms Broader Market: What You Need to Know
Nice (NICE - Free Report) closed at $154.27 in the latest trading session, marking a +1.69% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.54%. Meanwhile, the Dow experienced a rise of 0.52%, and the technology-dominated Nasdaq saw an increase of 0.74%.
Shares of the software company witnessed a loss of 8.24% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 5.77%, and the S&P 500's gain of 4.2%.
Analysts and investors alike will be keeping a close eye on the performance of Nice in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.99, marking a 13.26% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $713.93 million, indicating a 7.46% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $12.37 per share and revenue of $2.93 billion. These totals would mark changes of +11.24% and +7%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Nice. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% increase. Nice presently features a Zacks Rank of #2 (Buy).
Investors should also note Nice's current valuation metrics, including its Forward P/E ratio of 12.26. This indicates a discount in contrast to its industry's Forward P/E of 28.39.
Also, we should mention that NICE has a PEG ratio of 1.11. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 2.11 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 72, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.