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Nice (NICE) Falls More Steeply Than Broader Market: What Investors Need to Know
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Nice (NICE - Free Report) closed the latest trading day at $169.49, indicating a -1.41% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq decreased by 0.33%.
Heading into today, shares of the software company had gained 0.51% over the past month, lagging the Computer and Technology sector's gain of 2.1% and outpacing the S&P 500's gain of 0.41% in that time.
Market participants will be closely following the financial results of Nice in its upcoming release. It is anticipated that the company will report an EPS of $2.68, marking a 18.06% rise compared to the same quarter of the previous 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.73 per share and revenue of $2.73 billion, indicating changes of +22.07% and +14.72%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Nice. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Nice possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Nice has a Forward P/E ratio of 16.02 right now. Its industry sports an average Forward P/E of 31.17, so one might conclude that Nice is trading at a discount comparatively.
It's also important to note that NICE currently trades at a PEG ratio of 1.1. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 2.3 based on yesterday's closing prices.
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 34% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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) Falls More Steeply Than Broader Market: What Investors Need to Know
Nice (NICE - Free Report) closed the latest trading day at $169.49, indicating a -1.41% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq decreased by 0.33%.
Heading into today, shares of the software company had gained 0.51% over the past month, lagging the Computer and Technology sector's gain of 2.1% and outpacing the S&P 500's gain of 0.41% in that time.
Market participants will be closely following the financial results of Nice in its upcoming release. It is anticipated that the company will report an EPS of $2.68, marking a 18.06% rise compared to the same quarter of the previous 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.73 per share and revenue of $2.73 billion, indicating changes of +22.07% and +14.72%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Nice. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Nice possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Nice has a Forward P/E ratio of 16.02 right now. Its industry sports an average Forward P/E of 31.17, so one might conclude that Nice is trading at a discount comparatively.
It's also important to note that NICE currently trades at a PEG ratio of 1.1. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 2.3 based on yesterday's closing prices.
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 34% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.