We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nice (NICE) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
In the latest close session, Nice (NICE - Free Report) was up +1.49% at $113.84. The stock's change was more than the S&P 500's daily gain of 0.41%. At the same time, the Dow lost 0.07%, and the tech-heavy Nasdaq gained 1.11%.
Heading into today, shares of the software company had gained 6.85% over the past month, outpacing the Computer and Technology sector's loss of 0.92% and the S&P 500's gain of 1.46%.
The investment community will be paying close attention to the earnings performance of Nice in its upcoming release. The company is predicted to post an EPS of $2.78, indicating a 12.58% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $786.25 million, up 7.41% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $11.18 per share and revenue of $3.18 billion, indicating changes of -9.11% and +8.06%, respectively, compared to the previous 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.06% downward. Nice presently features a Zacks Rank of #4 (Sell).
Looking at valuation, Nice is presently trading at a Forward P/E ratio of 10.03. This indicates a discount in contrast to its industry's Forward P/E of 20.63.
One should further note that NICE currently holds a PEG ratio of 0.94. 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. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.22.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 77, finds itself in the top 32% echelons of all 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.
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
Image: Bigstock
Nice (NICE) Beats Stock Market Upswing: What Investors Need to Know
In the latest close session, Nice (NICE - Free Report) was up +1.49% at $113.84. The stock's change was more than the S&P 500's daily gain of 0.41%. At the same time, the Dow lost 0.07%, and the tech-heavy Nasdaq gained 1.11%.
Heading into today, shares of the software company had gained 6.85% over the past month, outpacing the Computer and Technology sector's loss of 0.92% and the S&P 500's gain of 1.46%.
The investment community will be paying close attention to the earnings performance of Nice in its upcoming release. The company is predicted to post an EPS of $2.78, indicating a 12.58% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $786.25 million, up 7.41% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $11.18 per share and revenue of $3.18 billion, indicating changes of -9.11% and +8.06%, respectively, compared to the previous 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.06% downward. Nice presently features a Zacks Rank of #4 (Sell).
Looking at valuation, Nice is presently trading at a Forward P/E ratio of 10.03. This indicates a discount in contrast to its industry's Forward P/E of 20.63.
One should further note that NICE currently holds a PEG ratio of 0.94. 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. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.22.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 77, finds itself in the top 32% echelons of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.