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

NICE has been the subject of a number of recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $225.00 price target on shares of NICE in a report on Tuesday, August 13th. Piper Sandler restated a “neutral” rating on shares of NICE in a research report on Thursday. DA Davidson lowered their price target on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a report on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 price objective on shares of NICE in a research report on Friday. Finally, Citigroup upped their target price on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.57.

NICE Stock Down 5.3 %

NICE stock opened at $172.62 on Friday. The company’s 50 day moving average price is $172.93 and its 200 day moving average price is $178.34. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 1.61 and a beta of 1.04. NICE has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. 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 (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. The business had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $1.63 EPS. On average, equities research analysts anticipate that NICE will post 8.5 EPS 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.