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Ahead of Nice (NICE) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts expect Nice (NICE - Free Report) to post quarterly earnings of $2.78 per share in its upcoming report, which indicates a year-over-year decline of 12.6%. Revenues are expected to be $786.25 million, up 7.4% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Nice metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Revenue by Business Model- Cloud' will reach $636.13 million. The estimate indicates a year-over-year change of +13%.
According to the collective judgment of analysts, 'Revenue by Business Model- Services' should come in at $122.38 million. The estimate suggests a change of -11.8% year over year.
The combined assessment of analysts suggests that 'Revenue by Business Model- Product' will likely reach $27.73 million. The estimate suggests a change of -8.7% year over year.
Analysts forecast 'Geographic Revenues- Americas' to reach $643.78 million. The estimate points to a change of +4.2% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenues- Asia Pacific' of $43.62 million. The estimate indicates a year-over-year change of +9%.
It is projected by analysts that the 'Geographic Revenues- EMEA' will reach $98.86 million. The estimate suggests a change of +33.6% year over year.
Over the past month, shares of Nice have returned -1.3% versus the Zacks S&P 500 composite's +0.7% change. Currently, NICE carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Nice (NICE) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts expect Nice (NICE - Free Report) to post quarterly earnings of $2.78 per share in its upcoming report, which indicates a year-over-year decline of 12.6%. Revenues are expected to be $786.25 million, up 7.4% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Nice metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Revenue by Business Model- Cloud' will reach $636.13 million. The estimate indicates a year-over-year change of +13%.
According to the collective judgment of analysts, 'Revenue by Business Model- Services' should come in at $122.38 million. The estimate suggests a change of -11.8% year over year.
The combined assessment of analysts suggests that 'Revenue by Business Model- Product' will likely reach $27.73 million. The estimate suggests a change of -8.7% year over year.
Analysts forecast 'Geographic Revenues- Americas' to reach $643.78 million. The estimate points to a change of +4.2% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenues- Asia Pacific' of $43.62 million. The estimate indicates a year-over-year change of +9%.
It is projected by analysts that the 'Geographic Revenues- EMEA' will reach $98.86 million. The estimate suggests a change of +33.6% year over year.
View all Key Company Metrics for Nice here>>>Over the past month, shares of Nice have returned -1.3% versus the Zacks S&P 500 composite's +0.7% change. Currently, NICE carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .