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Nice (NICE) Increases Despite Market Slip: Here's What You Need to Know
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In the latest trading session, Nice (NICE - Free Report) closed at $166.98, marking a +0.48% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.44%, and the tech-heavy Nasdaq lost 0.04%.
The software company's shares have seen an increase of 0.4% over the last month, not keeping up with the Computer and Technology sector's gain of 1.41% and the S&P 500's gain of 1.25%.
Market participants will be closely following the financial results of Nice in its upcoming release. The company is predicted to post an EPS of $2.68, indicating a 18.06% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $682.67 million, indicating a 13.52% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.73 per share and revenue of $2.73 billion, which would represent changes of +22.07% and +14.72%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Nice. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Nice presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Nice is currently exchanging hands at a Forward P/E ratio of 15.49. This represents a discount compared to its industry's average Forward P/E of 30.39.
It is also worth noting that NICE currently has a PEG ratio of 1.07. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. NICE's industry had an average PEG ratio of 2.01 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
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Nice (NICE) Increases Despite Market Slip: Here's What You Need to Know
In the latest trading session, Nice (NICE - Free Report) closed at $166.98, marking a +0.48% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.44%, and the tech-heavy Nasdaq lost 0.04%.
The software company's shares have seen an increase of 0.4% over the last month, not keeping up with the Computer and Technology sector's gain of 1.41% and the S&P 500's gain of 1.25%.
Market participants will be closely following the financial results of Nice in its upcoming release. The company is predicted to post an EPS of $2.68, indicating a 18.06% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $682.67 million, indicating a 13.52% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.73 per share and revenue of $2.73 billion, which would represent changes of +22.07% and +14.72%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Nice. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Nice presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Nice is currently exchanging hands at a Forward P/E ratio of 15.49. This represents a discount compared to its industry's average Forward P/E of 30.39.
It is also worth noting that NICE currently has a PEG ratio of 1.07. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. NICE's industry had an average PEG ratio of 2.01 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.