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Nice (NICE) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts forecast that Nice (NICE - Free Report) will report quarterly earnings of $2.68 per share in its upcoming release, pointing to a year-over-year increase of 18.1%. It is anticipated that revenues will amount to $682.67 million, exhibiting an increase of 13.5% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Nice metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Revenue by Business Model- Cloud' reaching $506.54 million. The estimate points to a change of +25.6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue by Business Model- Services' of $148.66 million. The estimate suggests a change of -7.2% year over year.
The consensus among analysts is that 'Revenue by Business Model- Product' will reach $27.48 million. The estimate points to a change of -27.3% from the year-ago quarter.
View all Key Company Metrics for Nice here>>>
Over the past month, shares of Nice have returned +11.1% versus the Zacks S&P 500 composite's +4.4% change. Currently, NICE carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>