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Here's Why Nice (NICE) Fell More Than Broader Market
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In the latest close session, Nice (NICE - Free Report) was down 6.51% at $98.73. This move lagged the S&P 500's daily loss of 0.41%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.89%.
Heading into today, shares of the software company had lost 3.57% over the past month, lagging the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
Analysts and investors alike will be keeping a close eye on the performance of Nice in its upcoming earnings disclosure. In that report, analysts expect Nice to post earnings of $2.52 per share. This would mark a year-over-year decline of 12.2%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $761.09 million, up 8.7% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.95 per share and a revenue of $3.18 billion, indicating changes of -10.98% and +8.09%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Nice. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Nice holds a Zacks Rank of #3 (Hold).
Investors should also note Nice's current valuation metrics, including its Forward P/E ratio of 9.65. This valuation marks a discount compared to its industry average Forward P/E of 19.47.
Investors should also note that NICE has a PEG ratio of 1 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry had an average PEG ratio of 1.14 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 88, positioning it in the top 37% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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Here's Why Nice (NICE) Fell More Than Broader Market
In the latest close session, Nice (NICE - Free Report) was down 6.51% at $98.73. This move lagged the S&P 500's daily loss of 0.41%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.89%.
Heading into today, shares of the software company had lost 3.57% over the past month, lagging the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
Analysts and investors alike will be keeping a close eye on the performance of Nice in its upcoming earnings disclosure. In that report, analysts expect Nice to post earnings of $2.52 per share. This would mark a year-over-year decline of 12.2%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $761.09 million, up 8.7% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.95 per share and a revenue of $3.18 billion, indicating changes of -10.98% and +8.09%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Nice. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Nice holds a Zacks Rank of #3 (Hold).
Investors should also note Nice's current valuation metrics, including its Forward P/E ratio of 9.65. This valuation marks a discount compared to its industry average Forward P/E of 19.47.
Investors should also note that NICE has a PEG ratio of 1 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry had an average PEG ratio of 1.14 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 88, positioning it in the top 37% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.