NICE (NASDAQ:NICE) Issues FY 2024 Earnings Guidance

NICE (NASDAQ:NICE) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 10.950-11.150 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NICE shares. Citigroup raised their price target on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays decreased their target price on shares of NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Northland Securities reduced their price objective on NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, August 16th. Wedbush reissued an “outperform” rating and set a $250.00 price target on shares of NICE in a research report on Friday, August 16th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price objective on shares of NICE in a research report on Tuesday, August 13th. Sixteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, NICE has an average rating of “Buy” and an average target price of $268.79.

NICE Stock Performance

Shares of NICE stock opened at $199.17 on Thursday. The company has a market cap of $12.52 billion, a P/E ratio of 33.25, a PEG ratio of 1.56 and a beta of 1.04. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $172.27 and a 200 day moving average price of $178.68. NICE has a 12 month low of $151.52 and a 12 month 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. NICE had a return on equity of 14.68% and a net margin of 15.55%. The firm had revenue of $664.40 million during the quarter, compared to the consensus estimate of $664.10 million. During the same period in the prior year, the company posted $1.63 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Sell-side analysts predict that NICE will post 8.5 earnings per share for the current fiscal 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.