Nice (NICE) Stock Dips While Market Gains: Key Facts

In the latest close session, Nice (NICE) was down 1.4% at $111.78. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.1%.

The software company's stock has dropped by 9.76% in the past month, falling short of the Computer and Technology sector's loss of 2.82% and the S&P 500's loss of 1.74%.

The investment community will be paying close attention to the earnings performance of Nice in its upcoming release. The company is predicted to post an EPS of $2.52, indicating a 12.2% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $761.09 million, indicating a 8.7% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $10.95 per share and revenue of $3.18 billion, which would represent changes of -10.98% and +8.09%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Nice. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.5% rise in the Zacks Consensus EPS estimate. Nice presently features a Zacks Rank of #3 (Hold).

Looking at its valuation, Nice is holding a Forward P/E ratio of 10.36. This expresses a discount compared to the average Forward P/E of 19.31 of its industry.

Also, we should mention that NICE has a PEG ratio of 1.07. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 1.07 at the close of the market yesterday.

The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 146, placing it within the bottom 41% of over 250 industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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