NICE (NASDAQ:NICE) Updates FY 2024 Earnings Guidance

NICE (NASDAQ:NICE) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 10.950-11.150 for the period, compared to the consensus estimate of 10.730. 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 $10.95-11.15 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NICE shares. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday. JMP Securities reissued a “market outperform” rating and set a $300.00 target price on shares of NICE in a research report on Friday, August 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Thursday, October 3rd. Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Northland Securities dropped their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $267.00.

NICE Price Performance

NASDAQ:NICE opened at $182.19 on Friday. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.61 and a beta of 1.04. The firm’s fifty day moving average is $172.66 and its two-hundred day moving average is $178.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. NICE has a one year low of $151.52 and a one year high of $270.73.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. The company had revenue of $664.40 million during the quarter, compared to the consensus estimate of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. NICE’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. Research analysts expect that NICE will post 8.5 EPS for the current year.

About NICE

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.