NICE (NASDAQ:NICE) Updates Q3 Earnings Guidance

NICE (NASDAQ:NICE) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.62-2.72 for the period, compared to the consensus earnings per share estimate of $2.69. The company issued revenue guidance of $676-686 million, compared to the consensus revenue estimate of $687.83 million. NICE also updated its FY 2024 guidance to 10.600-10.800 EPS.

Analysts Set New Price Targets

A number of brokerages have recently commented on NICE. DA Davidson reaffirmed a buy rating and set a $300.00 price objective on shares of NICE in a research report on Wednesday, June 12th. William Blair reaffirmed an outperform rating on shares of NICE in a research report on Wednesday, June 12th. Rosenblatt Securities reaffirmed a buy rating and set a $225.00 price objective on shares of NICE in a research report on Tuesday, August 13th. Piper Sandler cut their price objective on shares of NICE from $238.00 to $213.00 and set an overweight rating for the company in a research report on Wednesday, July 10th. Finally, Mizuho cut their price objective on shares of NICE from $300.00 to $280.00 and set a buy rating for the company in a research report on Friday, May 17th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NICE currently has an average rating of Buy and an average price target of $269.64.

NICE Stock Performance

NASDAQ NICE opened at $177.30 on Friday. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 1.44 and a beta of 1.04. The company has a 50 day moving average of $171.75 and a 200-day moving average of $206.75. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13. NICE has a 1-year low of $149.54 and a 1-year high of $270.73.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, May 16th. The technology company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.13. The company had revenue of $659.31 million during the quarter, compared to analyst estimates of $654.81 million. NICE had a net margin of 14.92% and a return on equity of 14.05%. On average, equities analysts forecast that NICE will post 8.4 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.