NICE (NASDAQ:NICE) Releases Q3 2024 Earnings Guidance

NICE (NASDAQ:NICE) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.620-2.720 for the period, compared to the consensus earnings per share estimate of 2.690. The company issued revenue guidance of $676.0 million-$686.0 million, compared to the consensus revenue estimate of $688.2 million. NICE also updated its FY 2024 guidance to 10.600-10.800 EPS.

NICE Stock Up 1.8 %

Shares of NICE stock traded up $2.98 during trading hours on Thursday, hitting $169.76. The company had a trading volume of 785,507 shares, compared to its average volume of 514,973. The company’s 50-day moving average is $171.47 and its two-hundred day moving average is $207.25. NICE has a twelve month low of $149.54 and a twelve month high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.43. The company has a market cap of $10.67 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04.

NICE (NASDAQ:NICE) last announced its earnings results on Thursday, May 16th. The technology company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.13. NICE had a net margin of 14.92% and a return on equity of 14.05%. The business had revenue of $659.31 million for the quarter, compared to analysts’ expectations of $654.81 million. Analysts anticipate that NICE will post 8.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NICE shares. Jefferies Financial Group reduced their price objective on shares of NICE from $280.00 to $230.00 and set a buy rating for the company in a research report on Friday, May 17th. StockNews.com downgraded shares of NICE from a strong-buy rating to a buy rating in a report on Friday, June 14th. Northland Securities reaffirmed an outperform rating and issued a $305.00 target price on shares of NICE in a report on Thursday, June 13th. Royal Bank of Canada decreased their price target on NICE from $265.00 to $230.00 and set an outperform rating on the stock in a research note on Wednesday, June 12th. Finally, William Blair reaffirmed an outperform rating on shares of NICE in a report on Wednesday, June 12th. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $269.64.

NICE Company Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.