NICE (NASDAQ:NICE) Updates Q3 Earnings Guidance

NICE (NASDAQ:NICE) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.62-2.72 for the period, compared to the consensus earnings per share estimate of $2.69. The company issued revenue guidance of $676-686 million, compared to the consensus revenue estimate of $687.83 million. NICE also updated its FY24 guidance to $10.60-10.80 EPS.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NICE shares. Morgan Stanley reduced their price objective on shares of NICE from $290.00 to $240.00 and set an overweight rating for the company in a research note on Friday, June 14th. Rosenblatt Securities reissued a buy rating and issued a $225.00 price target on shares of NICE in a research note on Tuesday. Bank of America cut their price target on shares of NICE from $300.00 to $270.00 and set a buy rating for the company in a research note on Friday, May 17th. Mizuho cut their price target on shares of NICE from $300.00 to $280.00 and set a buy rating for the company in a research note on Friday, May 17th. Finally, Jefferies Financial Group cut their price target on shares of NICE from $280.00 to $230.00 and set a buy rating for the company in a research note on Friday, May 17th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of Buy and an average target price of $269.64.

NICE Price Performance

NICE opened at $169.07 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a market capitalization of $10.63 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.44 and a beta of 1.04. The company’s 50-day simple moving average is $171.47 and its two-hundred day simple moving average is $207.25. NICE has a 52-week low of $149.54 and a 52-week high of $270.73.

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

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.