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Nice (NICE - Free Report) ended the recent trading session at $97.86, demonstrating a +1.1% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.81%. On the other hand, the Dow registered a gain of 0.27%, and the technology-centric Nasdaq increased by 1.3%.
Shares of the software company witnessed a gain of 9.55% over the previous month, beating the performance of the Computer and Technology sector with its loss of 1.59%, and the S&P 500's gain of 1.13%.
The upcoming earnings release of Nice will be of great interest to investors. The company's upcoming EPS is projected at $2.63, signifying a 12.62% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $767.17 million, indicating a 5.57% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $11.1 per share and revenue of $3.18 billion, indicating changes of -9.76% and +7.92%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Nice. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Nice is carrying a Zacks Rank of #2 (Buy).
In terms of valuation, Nice is presently being traded at a Forward P/E ratio of 8.72. This denotes a discount relative to the industry average Forward P/E of 19.31.
It's also important to note that NICE currently trades at a PEG ratio of 0.82. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Software stocks are, on average, holding a PEG ratio of 1.05 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 37% 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.
To follow NICE in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Why Nice (NICE) Outpaced the Stock Market Today
Nice (NICE - Free Report) ended the recent trading session at $97.86, demonstrating a +1.1% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.81%. On the other hand, the Dow registered a gain of 0.27%, and the technology-centric Nasdaq increased by 1.3%.
Shares of the software company witnessed a gain of 9.55% over the previous month, beating the performance of the Computer and Technology sector with its loss of 1.59%, and the S&P 500's gain of 1.13%.
The upcoming earnings release of Nice will be of great interest to investors. The company's upcoming EPS is projected at $2.63, signifying a 12.62% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $767.17 million, indicating a 5.57% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $11.1 per share and revenue of $3.18 billion, indicating changes of -9.76% and +7.92%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Nice. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Nice is carrying a Zacks Rank of #2 (Buy).
In terms of valuation, Nice is presently being traded at a Forward P/E ratio of 8.72. This denotes a discount relative to the industry average Forward P/E of 19.31.
It's also important to note that NICE currently trades at a PEG ratio of 0.82. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Software stocks are, on average, holding a PEG ratio of 1.05 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 37% 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.
To follow NICE in the coming trading sessions, be sure to utilize Zacks.com.