Wall Street analysts expect Nice (NICE) to post quarterly earnings of $2.15 per share in its upcoming report, which indicates a year-over-year increase of 12%. Revenues are expected to be $594.58 million, up 7.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company’s earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it’s common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts’ forecasts for key metrics can yield valuable insights.
With that in mind, let’s delve into the average projections of some Nice metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts’ assessment points toward ‘Revenues- Cloud’ reaching $401.82 million. The estimate points to a change of +21.6% from the year-ago quarter.
The consensus among analysts is that ‘Revenues- Services’ will reach $156.80 million. The estimate indicates a change of -5.1% from the prior-year quarter.
Based on the collective assessment of analysts, ‘Revenues- Product’ should arrive at $35.97 million. The estimate indicates a year-over-year change of -39.1%.
View all Key Company Metrics for Nice here>>>
Shares of Nice have demonstrated returns of +7.2% over the past month compared to the Zacks S&P 500 composite’s +1.4% change. With a Zacks Rank #3 (Hold), NICE is expected to mirror the overall market performance in the near future. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>
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