In the latest trading session, Nice (NICE) closed at $108.35, marking a -2.51% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a rise of 0.11%, and the technology-dominated Nasdaq saw a decrease of 0.72%.
The stock of software company has fallen by 1.68% in the past month, lagging the Computer and Technology sector's gain of 1.88% and the S&P 500's gain of 0.78%.
Investors will be eagerly watching for the performance of Nice in its upcoming earnings disclosure. The company is expected to report EPS of $3.23, up 6.95% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $778.66 million, reflecting a 7.91% rise from the equivalent quarter last year.
NICE's full-year Zacks Consensus Estimates are calling for earnings of $12.28 per share and revenue of $2.94 billion. These results would represent year-over-year changes of +10.43% and 0%, respectively.
Any recent changes to analyst estimates for Nice should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. The Zacks Consensus EPS estimate has moved 0.21% lower within the past month. At present, Nice boasts a Zacks Rank of #4 (Sell).
With respect to valuation, Nice is currently being traded at a Forward P/E ratio of 9.56. Its industry sports an average Forward P/E of 23.25, so one might conclude that Nice is trading at a discount comparatively.
Investors should also note that NICE has a PEG ratio of 1.34 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry currently had an average PEG ratio of 1.38 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 33% of all 250+ industries.
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.
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): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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