NICE (NASDAQ:NICE) Updates Q3 Earnings Guidance

NICE (NASDAQ:NICE) updated its third quarter earnings guidance on Thursday. 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

A number of equities research analysts have recently weighed in on the company. Northland Securities reiterated an outperform rating and issued a $305.00 price target on shares of NICE in a report on Thursday, June 13th. Piper Sandler lowered their price target on NICE from $238.00 to $213.00 and set an overweight rating for the company in a report on Wednesday, July 10th. Rosenblatt Securities restated a buy rating and set a $225.00 price objective on shares of NICE in a research note on Tuesday. DA Davidson restated a buy rating and set a $300.00 price objective on shares of NICE in a research note on Wednesday, June 12th. Finally, JMP Securities restated a market outperform rating and set a $300.00 price objective on shares of NICE in a research note on Wednesday, June 12th. Sixteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, NICE currently has an average rating of Buy and an average target price of $269.64.

NICE Trading Up 1.4 %

Shares of NICE stock opened at $169.07 on Thursday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.13. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. The business has a fifty day simple moving average of $171.47 and a 200-day simple moving average of $207.25. NICE has a fifty-two week low of $149.54 and a fifty-two week high of $270.73.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, May 16th. The technology company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.13. The business had revenue of $659.31 million during the quarter, compared to analyst estimates of $654.81 million. NICE had a return on equity of 14.05% and a net margin of 14.92%. On average, equities analysts forecast that NICE will post 8.4 EPS for the current fiscal 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.