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Nice (NICE) Beats Stock Market Upswing: What Investors Need to Know
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In the latest close session, Nice (NICE - Free Report) was up +1.02% at $122.41. The stock outperformed the S&P 500, which registered a daily gain of 0.7%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq gained 0.83%.
Coming into today, shares of the software company had gained 7.42% in the past month. In that same time, the Computer and Technology sector lost 7.7%, while the S&P 500 lost 1.21%.
Investors will be eagerly watching for the performance of Nice in its upcoming earnings disclosure. 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 $786.25 million, indicating a 7.41% increase compared to the same quarter of the previous year.
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 take note of any recent adjustments to analyst estimates for Nice. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.06% lower. Nice is currently sporting a Zacks Rank of #4 (Sell).
With respect to valuation, Nice is currently being traded at a Forward P/E ratio of 10.84. For comparison, its industry has an average Forward P/E of 20.75, which means Nice is trading at a discount to the group.
Meanwhile, NICE's PEG ratio is currently 1.02. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.31.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 82, placing it within the top 34% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Nice (NICE) Beats Stock Market Upswing: What Investors Need to Know
In the latest close session, Nice (NICE - Free Report) was up +1.02% at $122.41. The stock outperformed the S&P 500, which registered a daily gain of 0.7%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq gained 0.83%.
Coming into today, shares of the software company had gained 7.42% in the past month. In that same time, the Computer and Technology sector lost 7.7%, while the S&P 500 lost 1.21%.
Investors will be eagerly watching for the performance of Nice in its upcoming earnings disclosure. 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 $786.25 million, indicating a 7.41% increase compared to the same quarter of the previous year.
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 take note of any recent adjustments to analyst estimates for Nice. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.06% lower. Nice is currently sporting a Zacks Rank of #4 (Sell).
With respect to valuation, Nice is currently being traded at a Forward P/E ratio of 10.84. For comparison, its industry has an average Forward P/E of 20.75, which means Nice is trading at a discount to the group.
Meanwhile, NICE's PEG ratio is currently 1.02. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.31.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 82, placing it within the top 34% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.