NICE (NASDAQ:NICE) Issues FY24 Earnings Guidance

NICE (NASDAQ:NICE - Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $10.95-11.15 for the period, compared to the consensus EPS estimate of $10.73. The company issued revenue guidance of $2.72-2.74 billion, compared to the consensus revenue estimate of $2.73 billion. NICE also updated its FY 2024 guidance to 10.950-11.150 EPS.

Analyst Upgrades and Downgrades

NICE has been the subject of several recent research reports. JMP Securities reissued a "market outperform" rating and issued a $300.00 price target on shares of NICE in a research note on Friday, August 16th. Piper Sandler restated a "neutral" rating on shares of NICE in a report on Thursday. Northland Securities decreased their price target on NICE from $305.00 to $275.00 and set an "outperform" rating on the stock in a research note on Friday, August 16th. Barclays lowered their price objective on NICE from $320.00 to $286.00 and set an "overweight" rating for the company in a research report on Thursday, July 25th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $260.00 target price on shares of NICE in a report on Thursday, October 3rd. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, NICE presently has a consensus rating of "Moderate Buy" and a consensus price target of $268.79.

NICE Stock Down 10.0 %

NASDAQ:NICE traded down $19.90 on Thursday, reaching $179.27. 2,417,588 shares of the stock traded hands, compared to its average volume of 518,983. 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 company has a market capitalization of $11.27 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 1.56 and a beta of 1.04. NICE has a 12 month low of $151.52 and a 12 month high of $270.73. The company's fifty day simple moving average is $172.27 and its 200 day simple moving average is $178.68.

NICE (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $0.06. The business had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. Equities analysts predict that NICE will post 8.5 EPS for the current fiscal year.

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.