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Nice (NICE) Declines More Than Market: Some Information for Investors
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Nice (NICE - Free Report) closed the most recent trading day at $115.02, moving -2.1% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.06%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw a decrease of 0.44%.
The software company's stock has climbed by 19.67% in the past month, exceeding the Computer and Technology sector's gain of 4.85% and the S&P 500's gain of 2.36%.
Market participants will be closely following the financial results of Nice in its upcoming release. The company is forecasted to report an EPS of $2.78, showcasing a 12.58% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $786.5 million, up 7.44% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.18 per share and a revenue of $3.18 billion, representing changes of -9.11% and +8.07%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nice. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.06% downward. Currently, Nice is carrying a Zacks Rank of #4 (Sell).
From a valuation perspective, Nice is currently exchanging hands at a Forward P/E ratio of 10.51. This signifies a discount in comparison to the average Forward P/E of 20.96 for its industry.
It's also important to note that NICE currently trades at a PEG ratio of 0.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.21.
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 individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Nice (NICE) Declines More Than Market: Some Information for Investors
Nice (NICE - Free Report) closed the most recent trading day at $115.02, moving -2.1% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.06%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw a decrease of 0.44%.
The software company's stock has climbed by 19.67% in the past month, exceeding the Computer and Technology sector's gain of 4.85% and the S&P 500's gain of 2.36%.
Market participants will be closely following the financial results of Nice in its upcoming release. The company is forecasted to report an EPS of $2.78, showcasing a 12.58% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $786.5 million, up 7.44% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.18 per share and a revenue of $3.18 billion, representing changes of -9.11% and +8.07%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nice. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.06% downward. Currently, Nice is carrying a Zacks Rank of #4 (Sell).
From a valuation perspective, Nice is currently exchanging hands at a Forward P/E ratio of 10.51. This signifies a discount in comparison to the average Forward P/E of 20.96 for its industry.
It's also important to note that NICE currently trades at a PEG ratio of 0.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.21.
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 individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.