NICE(US:NICE) ZACKSยท2024-10-22 22:56Core Viewpoint - Nice (NICE) is showing strong performance relative to its sector and the S&P 500, with upcoming earnings expected to reflect significant year-over-year growth in both earnings and revenue [1][2]. Group 1: Stock Performance - Nice's stock closed at $177.55, down 0.31% from the previous day, while the S&P 500 lost 0.05% [1]. - Over the past month, Nice's shares have increased by 6.68%, outperforming the Computer and Technology sector's gain of 3.5% and the S&P 500's gain of 2.76% [1]. Group 2: Earnings Expectations - Analysts expect Nice to report earnings of $2.68 per share, representing a year-over-year growth of 18.06% [1]. - The Zacks Consensus Estimate for revenue is projected at $682.67 million, which is a 13.52% increase from the previous year [1]. - For the entire fiscal year, earnings are projected at $10.73 per share and revenue at $2.73 billion, indicating growth rates of +22.07% and +14.72%, respectively [1]. Group 3: Analyst Estimates and Rankings - Recent changes to analyst estimates for Nice have remained unchanged, indicating stability in short-term business trends [2]. - Nice currently holds a Zacks Rank of 3 (Hold), reflecting a neutral outlook based on analyst estimates [2]. Group 4: Valuation Metrics - Nice is trading at a Forward P/E ratio of 16.6, which is below the industry average of 32.36 [3]. - The company has a PEG ratio of 1.14, compared to the Internet - Software industry's average PEG ratio of 2.19 [3]. - The Internet - Software industry is ranked 57 in the Zacks Industry Rank, placing it in the top 23% of over 250 industries [3].