Here's Why Nice (NICE) Gained But Lagged the Market Today

Company Performance - Nice (NICE) closed at $155.09, with a slight increase of +0.37% from the previous session, underperforming the S&P 500 which gained 0.74% [1] - Over the past month, Nice's shares have decreased by 2.71%, compared to a 6.23% loss in the Computer and Technology sector and a 4.77% loss in the S&P 500 [1] Earnings Expectations - Analysts expect Nice to report earnings of $2.84 per share, reflecting a year-over-year growth of 10.08%, with revenue projected at $699.39 million, a 6.08% increase from the same quarter last year [2] - For the full year, earnings are projected at $12.17 per share and revenue at $2.92 billion, indicating increases of +9.44% and +6.66% respectively from the previous year [3] Analyst Estimates and Valuation - Recent adjustments to analyst estimates for Nice are crucial as they reflect near-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [3] - Nice has a Forward P/E ratio of 12.69, which is a discount compared to the industry average of 25.94, and a PEG ratio of 1.18, compared to the industry average PEG ratio of 2.13 [6] Industry Context - The Internet - Software industry, which includes Nice, has a Zacks Industry Rank of 87, placing it in the top 36% of over 250 industries, indicating strong performance potential [7]