In the latest trading session, Nice (NICE) closed at $90.85, marking a -1.03% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.79%. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 1.52%.
The software company's stock has dropped by 7.69% in the past month, falling short of the Computer and Technology sector's loss of 4.61% and the S&P 500's loss of 1.82%.
The investment community will be closely monitoring the performance of Nice in its forthcoming earnings report. It is anticipated that the company will report an EPS of $2.63, marking a 12.62% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $767.17 million, up 5.57% from the year-ago period.
NICE's full-year Zacks Consensus Estimates are calling for earnings of $11.1 per share and revenue of $3.18 billion. These results would represent year-over-year changes of -9.76% and +7.92%, respectively.
Any recent changes to analyst estimates for Nice should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Nice is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Nice currently has a Forward P/E ratio of 8.27. This signifies a discount in comparison to the average Forward P/E of 18.89 for its industry.
One should further note that NICE currently holds a PEG ratio of 0.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.06.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 82, finds itself in the top 34% echelons of all 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).