NICE (NASDAQ:NICE) Issues FY 2024 Earnings Guidance

NICE (NASDAQ:NICEGet Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 10.530-10.730 for the period, compared to the consensus EPS estimate of 10.510. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion. NICE also updated its FY24 guidance to $10.53-10.73 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NICE. TheStreet raised shares of NICE from a c+ rating to a b- rating in a report on Tuesday, February 6th. Bank of America reduced their target price on shares of NICE from $300.00 to $270.00 and set a buy rating for the company in a report on Friday. Citigroup raised their price target on NICE from $283.00 to $334.00 and gave the stock a buy rating in a report on Wednesday, February 21st. Northland Securities started coverage on NICE in a research note on Tuesday, January 30th. They set an outperform rating and a $300.00 price objective for the company. Finally, StockNews.com downgraded NICE from a buy rating to a hold rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $285.92.

View Our Latest Report on NICE

NICE Price Performance

NICE stock opened at $193.55 on Friday. The firm has a market capitalization of $12.17 billion, a PE ratio of 34.94, a P/E/G ratio of 1.74 and a beta of 1.04. NICE has a 52 week low of $149.54 and a 52 week high of $270.73. The firm’s 50-day simple moving average is $235.62 and its 200 day simple moving average is $216.40. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14.

NICE (NASDAQ:NICEGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.10. NICE had a return on equity of 14.26% and a net margin of 14.92%. The firm had revenue of $623.20 million during the quarter, compared to the consensus estimate of $616.83 million. During the same period in the previous year, the firm posted $1.40 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts predict 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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