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Nice (NICE) Outperforms Broader Market: What You Need to Know
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Nice (NICE - Free Report) closed at $173.87 in the latest trading session, marking a +0.42% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.36%. Meanwhile, the Dow lost 0.28%, and the Nasdaq, a tech-heavy index, added 0.51%.
Heading into today, shares of the software company had gained 4.48% over the past month, outpacing the Computer and Technology sector's of 0% and the S&P 500's gain of 2.11% in that time.
The upcoming earnings release of Nice will be of great interest to investors. On that day, Nice is projected to report earnings of $2.96 per share, which would represent year-over-year growth of 25.42%. In the meantime, our current consensus estimate forecasts the revenue to be $713.01 million, indicating a 14.41% growth compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Nice. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Nice is currently a Zacks Rank #4 (Sell).
From a valuation perspective, Nice is currently exchanging hands at a Forward P/E ratio of 14.08. This signifies a discount in comparison to the average Forward P/E of 31.23 for its industry.
Also, we should mention that NICE has a PEG ratio of 0.97. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 2.34 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 73, placing it within the top 30% 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.
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Nice (NICE) Outperforms Broader Market: What You Need to Know
Nice (NICE - Free Report) closed at $173.87 in the latest trading session, marking a +0.42% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.36%. Meanwhile, the Dow lost 0.28%, and the Nasdaq, a tech-heavy index, added 0.51%.
Heading into today, shares of the software company had gained 4.48% over the past month, outpacing the Computer and Technology sector's of 0% and the S&P 500's gain of 2.11% in that time.
The upcoming earnings release of Nice will be of great interest to investors. On that day, Nice is projected to report earnings of $2.96 per share, which would represent year-over-year growth of 25.42%. In the meantime, our current consensus estimate forecasts the revenue to be $713.01 million, indicating a 14.41% growth compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Nice. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Nice is currently a Zacks Rank #4 (Sell).
From a valuation perspective, Nice is currently exchanging hands at a Forward P/E ratio of 14.08. This signifies a discount in comparison to the average Forward P/E of 31.23 for its industry.
Also, we should mention that NICE has a PEG ratio of 0.97. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 2.34 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 73, placing it within the top 30% 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.