NICE (NASDAQ:NICE) Releases 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.

NICE Stock Down 5.3 %

NICE stock opened at $172.62 on Friday. NICE has a 1-year low of $151.52 and a 1-year high of $270.73. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04. The firm’s fifty day moving average price is $172.93 and its two-hundred day moving average price is $178.02. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last released 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. NICE had a net margin of 16.11% and a return on equity of 15.48%. The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. During the same period last year, the firm earned $1.63 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts predict that NICE will post 8.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price target on shares of NICE in a research report on Tuesday, August 13th. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 price target on shares of NICE in a research report on Friday. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday. Jefferies Financial Group dropped their price target on shares of NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday. Finally, JMP Securities reissued a “market outperform” rating and set a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Two equities research 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 stock has an average rating of “Moderate Buy” and a consensus target price of $260.57.

NICE Company Profile

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.