Why Nice (NICE) is a Top Value Stock for the Long-Term

Core Insights - Zacks Premium provides various tools to enhance stock market investment confidence and knowledge [1][2] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [3] Zacks Style Scores Overview - The Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [4][5][6] - Value Score identifies undervalued stocks using financial ratios [4] - Growth Score assesses a company's financial health and future growth potential [4] - Momentum Score capitalizes on price trends and earnings outlook changes [5] - VGM Score combines the three styles to highlight stocks with the best overall characteristics [6] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investment decisions [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +25.41% since 1988 [8] - To optimize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] Stock Highlight: NICE - NICE is recognized for its AI-powered cloud platform in the customer experience sector, holding a Zacks Rank of 2 (Buy) and a VGM Score of B [11] - The company has a forward P/E ratio of 15.43, indicating attractive valuation metrics for value investors [11] - Recent upward revisions in earnings estimates by nine analysts have increased the Zacks Consensus Estimate for fiscal 2024 to $10.73 per share, with an average earnings surprise of 4.4% [12]