NICE (NASDAQ:NICE – Get Free Report) 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.
Read Our Latest Stock Analysis on NICE
NICE Stock Performance
NICE (NASDAQ:NICE – Get Free Report) 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.
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