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Nice (NICE) Dips More Than Broader Market: What You Should Know
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Nice (NICE - Free Report) closed at $113.86 in the latest trading session, marking a -3.34% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.03% for the day. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
Prior to today's trading, shares of the software company had gained 16.51% outpaced the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of Nice in its forthcoming earnings report. It is anticipated that the company will report an EPS of $2.78, marking a 12.58% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $786.5 million, indicating a 7.44% increase compared to the same quarter of the previous year.
NICE's full-year Zacks Consensus Estimates are calling for earnings of $11.18 per share and revenue of $3.18 billion. These results would represent year-over-year changes of -9.11% and +8.07%, respectively.
Investors might also notice recent changes to analyst estimates for Nice. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Nice is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Nice's current valuation metrics, including its Forward P/E ratio of 10.53. This signifies a discount in comparison to the average Forward P/E of 19.86 for its industry.
We can additionally observe that NICE currently boasts a PEG ratio of 0.99. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.15.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Nice (NICE) Dips More Than Broader Market: What You Should Know
Nice (NICE - Free Report) closed at $113.86 in the latest trading session, marking a -3.34% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.03% for the day. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
Prior to today's trading, shares of the software company had gained 16.51% outpaced the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of Nice in its forthcoming earnings report. It is anticipated that the company will report an EPS of $2.78, marking a 12.58% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $786.5 million, indicating a 7.44% increase compared to the same quarter of the previous year.
NICE's full-year Zacks Consensus Estimates are calling for earnings of $11.18 per share and revenue of $3.18 billion. These results would represent year-over-year changes of -9.11% and +8.07%, respectively.
Investors might also notice recent changes to analyst estimates for Nice. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Nice is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Nice's current valuation metrics, including its Forward P/E ratio of 10.53. This signifies a discount in comparison to the average Forward P/E of 19.86 for its industry.
We can additionally observe that NICE currently boasts a PEG ratio of 0.99. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.15.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.