NICE (NASDAQ:NICE) Updates FY24 Earnings Guidance

NICE (NASDAQ:NICE) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $10.95-11.15 for the period, compared to the consensus EPS estimate of $10.73. The company issued revenue guidance of $2.72-2.74 billion, compared to the consensus revenue estimate of $2.73 billion. NICE also updated its FY 2024 guidance to 10.950-11.150 EPS.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NICE. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price target on shares of NICE in a research note on Thursday, October 3rd. JMP Securities reiterated a “market outperform” rating and set a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Citigroup boosted their price objective on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of NICE in a report on Tuesday, August 13th. Finally, Barclays cut their price target on shares of NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Sixteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, NICE currently has a consensus rating of “Buy” and an average price target of $268.79.

NICE Price Performance

Shares of NICE opened at $199.17 on Thursday. NICE has a twelve month low of $151.52 and a twelve month high of $270.73. The company has a market capitalization of $12.52 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 1.56 and a beta of 1.04. The firm has a 50 day moving average of $172.27 and a 200 day moving average of $178.68. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.06. The firm had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. As a group, equities research analysts anticipate that NICE will post 8.5 earnings per share 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.