Nice (NICE) closed the most recent trading day at $101.34, moving +1.19% from the previous trading session. This change outpaced the S&P 500's 0.19% loss on the day. Meanwhile, the Dow experienced a drop of 0.59%, and the technology-dominated Nasdaq saw a decrease of 0.05%.
The software company's shares have seen an increase of 18.27% over the last month, surpassing the Computer and Technology sector's loss of 4.32% and the S&P 500's gain of 0.55%.
Investors will be eagerly watching for the performance of Nice in its upcoming earnings disclosure. In that report, analysts expect Nice to post earnings of $2.63 per share. This would mark a year-over-year decline of 12.62%. Simultaneously, our latest consensus estimate expects the revenue to be $767.17 million, showing a 5.57% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $11.1 per share and a revenue of $3.18 billion, demonstrating changes of -9.76% and +7.92%, respectively, from the preceding year.
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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Nice is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Nice is presently being traded at a Forward P/E ratio of 9.02. This denotes a discount relative to the industry average Forward P/E of 20.12.
Meanwhile, NICE's PEG ratio is currently 0.85. 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. The Internet - Software industry had an average PEG ratio of 1.09 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 91, positioning it in the top 37% 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.
To follow NICE in the coming trading sessions, be sure to utilize Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).