NICE (NASDAQ:NICE) Issues Q2 2024 Earnings Guidance

NICE (NASDAQ:NICEGet Free Report) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.530-2.630 for the period, compared to the consensus estimate of 2.520. The company issued revenue guidance of $657.0 million-$667.0 million, compared to the consensus revenue estimate of $667.2 million. NICE also updated its FY 2024 guidance to 10.530-10.730 EPS.

Analyst Upgrades and Downgrades

A number of analysts have commented on NICE shares. StockNews.com cut shares of NICE from a buy rating to a hold rating in a research report on Wednesday. Northland Securities initiated coverage on NICE in a research note on Tuesday, January 30th. They set an outperform rating and a $300.00 target price for the company. Royal Bank of Canada dropped their price target on NICE from $285.00 to $265.00 and set an outperform rating on the stock in a research note on Friday. 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. Finally, Citigroup boosted their target price on shares of NICE from $283.00 to $334.00 and gave the company a buy rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, NICE has a consensus rating of Moderate Buy and a consensus target price of $285.92.

Read Our Latest Report on NICE

NICE Stock Performance

Shares of NICE stock opened at $193.55 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a 50-day moving average of $235.62 and a 200-day moving average of $215.97. NICE has a one year low of $149.54 and a one year high of $270.73. The company has a market cap of $12.17 billion, a P/E ratio of 38.03, a P/E/G ratio of 1.79 and a beta of 1.04.

NICE (NASDAQ:NICEGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. NICE had a return on equity of 14.26% and a net margin of 14.92%. The company had revenue of $623.20 million during the quarter, compared to the consensus estimate of $616.83 million. During the same period last year, the business posted $1.40 earnings per share. NICE’s revenue was up 9.6% on a year-over-year basis. Equities research analysts forecast that NICE will post 8.21 EPS for the current fiscal year.

NICE Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for NICE (NASDAQ:NICE)

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