In the latest close session, Nice (NICE) was up +1.39% at $153.44. The stock's change was more than the S&P 500's daily gain of 0.49%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.72%.
The software company's stock has climbed by 10.03% in the past month, exceeding the Computer and Technology sector's gain of 6.81% and the S&P 500's gain of 2.99%.
Investors will be eagerly watching for the performance of Nice in its upcoming earnings disclosure. The company is predicted to post an EPS of $3.17, indicating a 10.07% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $727.92 million, up 5.5% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.44 per share and revenue of $2.93 billion, indicating changes of +11.87% and +7%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Nice. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Nice presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Nice is currently being traded at a Forward P/E ratio of 12.17. This expresses a discount compared to the average Forward P/E of 32.6 of its industry.
We can additionally observe that NICE currently boasts a PEG ratio of 1.07. 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. The Internet - Software industry currently had an average PEG ratio of 2.33 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 64, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Nice (NICE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
