Nice (NICE) recently closed at $138.20, outpacing the S&P 500 with a 2.26% daily gain, though its shares have declined 5.72% over the past month, trailing the broader market and its sector. The software company is anticipated to report Q-EPS of $3.17, a 10.07% year-over-year increase, on revenue of $727.92 million, up 5.5%. For the full fiscal year, analysts project EPS of $12.44 and revenue of $2.93 billion, representing 11.87% and 7% growth, respectively. Despite a stagnant Zacks Consensus EPS estimate over the last month, Nice holds a Zacks Rank #3 (Hold) and trades at a significant discount with a Forward P/E of 10.87 and a PEG ratio of 0.96, both well below industry averages.
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ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. If you wish to go to ZacksTrade, click OK. If you do not, click Cancel. Nice (NICE) Beats Stock Market Upswing: What Investors Need to Know Read MoreHide Full Article In the latest trading session, Nice (NICE - Free Report) closed at $138.20, marking a +2.26% move from the previous day. This move outpaced the S&P 500's daily gain of 0.58%. The software company's shares have seen a decrease of 5.72% over the last month, not keeping up with the Computer and Technology sector's gain of 6.37% and the S&P 500's gain of 3.68%. Analysts and investors alike will be keeping a close eye on the performance of Nice in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $3.17, marking a 10.07% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $727.92 million, up 5.5% from the year-ago period. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.44 per share and a revenue of $2.93 billion, representing changes of +11.87% and +7%, respectively, from the prior year. Investors should also pay attention to any latest changes in analyst estimates for Nice. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, stretching from 1 (Strong Buy) to 5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated 1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Nice is currently a Zacks Rank 3 (Hold). In the context of valuation, Nice is at present trading with a Forward P/E ratio of 10.87. This denotes a discount relative to the industry average Forward P/E of 29.68. It is also worth noting that NICE currently has a PEG ratio of 0.96. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 2.22. The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250. 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. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Image: Bigstock Nice (NICE) Beats Stock Market Upswing: What Investors Need to Know In the latest trading session, Nice (NICE - Free Report) closed at $138.20, marking a +2.26% move from the previous day. This move outpaced the S&P 500's daily gain of 0.58%. The software company's shares have seen a decrease of 5.72% over the last month, not keeping up with the Computer and Technology sector's gain of 6.37% and the S&P 500's gain of 3.68%. Analysts and investors alike will be keeping a close eye on the performance of Nice in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $3.17, marking a 10.07% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $727.92 million, up 5.5% from the year-ago period. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.44 per share and a revenue of $2.93 billion, representing changes of +11.87% and +7%, respectively, from the prior year. Investors should also pay attention to any latest changes in analyst estimates for Nice. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, stretching from 1 (Strong Buy) to 5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated 1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Nice is currently a Zacks Rank 3 (Hold). In the context of valuation, Nice is at present trading with a Forward P/E ratio of 10.87. This denotes a discount relative to the industry average Forward P/E of 29.68. It is also worth noting that NICE currently has a PEG ratio of 0.96. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 2.22. The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250. 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. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up NICE's stock demonstrated a strong daily gain of 2.26%, outpacing the S&P 500, but has underperformed significantly over the last month, declining 5.72% against a 6.37% gain for its sector. Upcoming earnings are projected to show a 10.07% YoY EPS increase to $3.17 and a 5.5% revenue rise to $727.92 million. For the full fiscal year, Zacks Consensus Estimates forecast an 11.87% EPS growth to $12.44 and a 7% revenue increase to $2.93 billion. Despite these positive growth projections, the Zacks Consensus EPS estimate has remained stagnant over the past month, leading to a Zacks Rank 3 (Hold) classification for NICE. The company's valuation appears attractive, with a Forward P/E of 10.87 and a PEG ratio of 0.96, both trading at a substantial discount to the Internet - Software industry averages of 29.68 and 2.22, respectively. The Internet - Software industry itself holds a strong Zacks Industry Rank of 85, placing it in the top 35% of all industries.
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