Insights Into Nice (NICE) Q2: Wall Street Projections for Key Metrics
NICENICE(US:NICE) ZACKS·2024-08-12 14:15

Core Insights - Analysts project Nice (NICE) will report quarterly earnings of $2.58 per share, reflecting a 21.1% year-over-year increase, with revenues expected to reach $662.88 million, a 14.1% increase from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a collective reevaluation by analysts [1][2] Revenue Estimates - Revenue by Business Model - Cloud is estimated at $484.55 million, representing a 26.9% increase from the prior-year quarter [4] - Revenue by Business Model - Services is projected at $151.15 million, indicating a 4.9% decrease from the year-ago quarter [4] - Revenue by Business Model - Product is estimated at $27.19 million, showing a significant year-over-year decline of 32.4% [5] Stock Performance - Shares of Nice have experienced a return of -9.5% over the past month, compared to a -4.5% change in the Zacks S&P 500 composite [5] - Nice holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [5]