In the latest close session, Nice (NICE) was up +1.46% at $171.98. The stock's performance was ahead of the S&P 500's daily loss of 0.07%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq appreciated by 0.03%.
Coming into today, shares of the software company had lost 3.37% in the past month. In that same time, the Computer and Technology sector gained 5.58%, while the S&P 500 gained 3.94%.
The investment community will be closely monitoring the performance of Nice in its forthcoming earnings report. It is anticipated that the company will report an EPS of $2.99, marking a 13.26% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $713.93 million, up 7.46% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.37 per share and a revenue of $2.93 billion, indicating changes of +11.24% and +7%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates 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 business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. At present, Nice boasts a Zacks Rank of #2 (Buy).
In the context of valuation, Nice is at present trading with a Forward P/E ratio of 13.7. This valuation marks a discount compared to its industry average Forward P/E of 29.09.
Meanwhile, NICE's PEG ratio is currently 1.24. 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. Internet - Software stocks are, on average, holding a PEG ratio of 2.22 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 61, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
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Nice (NICE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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