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Nice (NICE) Stock Declines While Market Improves: Some Information for Investors
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In the latest close session, Nice (NICE - Free Report) was down 2.3% at $113.81. This move lagged the S&P 500's daily gain of 0.73%. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 1.19%.
The software company's shares have seen an increase of 7.54% over the last month, surpassing the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The investment community will be paying close attention to the earnings performance of Nice in its upcoming release. The company's upcoming EPS is projected at $2.78, signifying a 12.58% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $786.5 million, up 7.44% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.18 per share and a revenue of $3.18 billion, signifying shifts of -9.11% and +8.07%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nice. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Nice possesses a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Nice has a Forward P/E ratio of 10.42 right now. For comparison, its industry has an average Forward P/E of 19.59, which means Nice is trading at a discount to the group.
Also, we should mention that NICE has a PEG ratio of 0.98. 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. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.17.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Nice (NICE) Stock Declines While Market Improves: Some Information for Investors
In the latest close session, Nice (NICE - Free Report) was down 2.3% at $113.81. This move lagged the S&P 500's daily gain of 0.73%. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 1.19%.
The software company's shares have seen an increase of 7.54% over the last month, surpassing the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The investment community will be paying close attention to the earnings performance of Nice in its upcoming release. The company's upcoming EPS is projected at $2.78, signifying a 12.58% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $786.5 million, up 7.44% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.18 per share and a revenue of $3.18 billion, signifying shifts of -9.11% and +8.07%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nice. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Nice possesses a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Nice has a Forward P/E ratio of 10.42 right now. For comparison, its industry has an average Forward P/E of 19.59, which means Nice is trading at a discount to the group.
Also, we should mention that NICE has a PEG ratio of 0.98. 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. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.17.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.