Nice Ltd. Sponsored ADR (NICE)
Analysts Issue Forecasts for NICE Ltd.’s Q2 2024 Earnings (NASDAQ:NICE)
NICE Ltd. (NASDAQ:NICE – Free Report) – Investment analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of NICE in a research note issued to investors on Friday, May 17th. DA Davidson analyst G. Luria anticipates that the technology company will post earnings of $1.92 per share for the quarter. DA Davidson has a “Buy” rating and a $300.00 price objective on the stock. The consensus estimate for NICE’s current full-year earnings is $8.21 per share. DA Davidson also issued estimates for NICE’s FY2025 earnings at $9.78 EPS. Other research analysts have also recently issued reports about the company. Northland Securities started coverage on NICE in a report on Tuesday, January 30th. They issued an “outperform” rating and a $300.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $343.00 price objective on shares of NICE in a research report on Wednesday, May 15th. Rosenblatt Securities initiated coverage on shares of NICE in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $285.00 target price on the stock. Bank of America dropped their target price on shares of NICE from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Barclays increased their target price on shares of NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $285.92. Get Our Latest Research Report on NICE NICE Trading Down 2.5 % Shares of NICE stock opened at $193.55 on Monday. NICE has a 1-year low of $149.54 and a 1-year high of $270.73. The stock has a market cap of $12.17 billion, a P/E ratio of 34.94, a P/E/G ratio of 1.74 and a beta of 1.04. The stock’s 50 day simple moving average is $235.62 and its 200-day simple moving average is $216.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.06 and a quick ratio of 2.06. NICE (NASDAQ:NICE – Get Free Report) last issued its earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.10. The business had revenue of $623.20 million for the quarter, compared to analysts’ expectations of $616.83 million. NICE had a return on equity of 14.26% and a net margin of 14.92%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 EPS. Institutional Trading of NICE Several hedge funds have recently made changes to their positions in the company. Capital Research Global Investors lifted its stake in shares of NICE by 4.0% in the 1st quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company’s stock worth $1,350,367,000 after acquiring an additional 201,035 shares during the period. Capital International Investors lifted its stake in shares of NICE by 16.2% in the 4th quarter. Capital International Investors now owns 2,135,753 shares of the technology company’s stock worth $426,402,000 after acquiring an additional 298,112 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of NICE by 1.2% in the third quarter. Artisan Partners Limited Partnership now owns 1,436,177 shares of the technology company’s stock valued at $244,150,000 after purchasing an additional 16,513 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of NICE by 171.2% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,434,450 shares of the technology company’s stock valued at $286,564,000 after purchasing an additional 905,612 shares during the period. Finally, William Blair Investment Management LLC lifted its stake in shares of NICE by 12.3% in the first quarter. William Blair Investment Management LLC now owns 1,364,561 shares of the technology company’s stock valued at $355,631,000 after purchasing an additional 149,149 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock. NICE Company Profile (Get Free Report) NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.
NICE Q1 Earnings Top Estimates, Cloud Revenues Drive Top Line
NICE's (NICE) first-quarter 2024 results reflect benefits from robust cloud revenues, driven by increased migration to the cloud and an expanding customer base.
NICE Ltd. (NICE) Q1 2024 Earnings Call Transcript
NICE Ltd. (NASDAQ:NICE ) Q1 2024 Earnings Conference Call May 16, 2024 8:30 AM ET Company Participants Marty Cohen - Vice President of Investor Relations Barak Eilam - Chief Executive Officer Beth Gaspich - Chief Financial Officer Conference Call Participants Samad Samana - Jefferies Meta Marshall - Morgan Stanley Tyler Radke - Citi Siti Panigrahi - Mizuho Securities Patrick Walravens - Citizens JMP Arjun Bhatia - William Blair Michael Latimore - Northland Capital Catharine Trebnick - Rosenblatt Securities Richard Poland - RBC Capital Markets Operator Welcome to the NICE Conference Call discussing First Quarter 2024 Results. And thank you all for holding.
Compared to Estimates, Nice (NICE) Q1 Earnings: A Look at Key Metrics
The headline numbers for Nice (NICE) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
