NICE(US:NICE) zacks.comยท2024-05-24 14:01Core Viewpoint - Nice (NICE) has experienced a significant decline of -16.3% in its stock price over the past month, contrasting with the S&P 500's +4% increase, raising questions about its near-term performance [1] Earnings Estimates Revisions - The consensus earnings estimate for the current quarter is $2.53 per share, reflecting an increase of +18.8% year-over-year, with a slight decrease of -0.3% in the estimate over the last 30 days [4] - For the current fiscal year, the consensus earnings estimate is $10.54, indicating a year-over-year change of +19.9%, with a minor increase of +0.2% in the estimate over the last month [4] - The next fiscal year's consensus earnings estimate is $12.09, showing a change of +14.7% from the previous year, with a +0.5% increase in the estimate over the past month [5] Revenue Growth Projections - The consensus sales estimate for the current quarter is $662.98 million, indicating a year-over-year change of +14.1% [9] - For the current fiscal year, the sales estimate is $2.73 billion, reflecting a +14.8% change, while the next fiscal year's estimate is $3.03 billion, indicating an +11.1% change [9] Recent Performance and Surprise History - In the last reported quarter, Nice generated revenues of $659.31 million, a +15.3% increase year-over-year, and an EPS of $2.58 compared to $2.03 a year ago [10] - The company exceeded the Zacks Consensus Estimate for revenues by +0.69% and for EPS by +5.31% [10] - Nice has consistently beaten consensus EPS and revenue estimates in the last four quarters [11] Valuation Metrics - Nice is graded C on the Zacks Value Style Score, indicating it is trading at par with its peers [15] - The assessment of valuation multiples such as P/E, P/S, and P/CF is essential to determine if the stock is fairly valued compared to its historical values and peers [13][14] Conclusion - The Zacks Rank 2 suggests that Nice may outperform the broader market in the near term, despite recent stock price declines [16]