Equities Analysts Set Expectations for NICE Ltd.’s Q3 2024 Earnings (NASDAQ:NICE)

NICE Ltd. (NASDAQ:NICEFree Report) – Equities researchers at William Blair upped their Q3 2024 earnings per share (EPS) estimates for NICE in a note issued to investors on Wednesday, June 12th. William Blair analyst A. Bhatia now forecasts that the technology company will post earnings of $2.05 per share for the quarter, up from their previous estimate of $2.03. William Blair has a “Outperform” rating on the stock. The consensus estimate for NICE’s current full-year earnings is $8.40 per share. William Blair also issued estimates for NICE’s Q2 2025 earnings at $2.48 EPS, Q3 2025 earnings at $2.62 EPS and Q4 2025 earnings at $2.77 EPS.

NICE (NASDAQ:NICEGet Free Report) last released its earnings results on Thursday, May 16th. The technology company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.13. The company had revenue of $659.31 million for the quarter, compared to the consensus estimate of $654.81 million. NICE had a return on equity of 14.05% and a net margin of 14.92%.

Other equities analysts also recently issued reports about the company. JMP Securities reiterated a “market outperform” rating and set a $300.00 target price on shares of NICE in a research report on Wednesday. Bank of America lowered their price objective on NICE from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Jefferies Financial Group lowered their price objective on NICE from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Morgan Stanley lowered their price objective on NICE from $290.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Wedbush restated an “outperform” rating and issued a $250.00 price objective on shares of NICE in a research report on Wednesday. Fifteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $276.62.

View Our Latest Analysis on NICE

NICE Price Performance

NASDAQ NICE opened at $167.90 on Friday. The company has a market capitalization of $10.56 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. The business’s fifty day moving average is $208.17 and its 200 day moving average is $216.57. NICE has a fifty-two week low of $149.54 and a fifty-two week high of $270.73.

Institutional Investors Weigh In On NICE

Several large investors have recently added to or reduced their stakes in NICE. GAMMA Investing LLC bought a new stake in NICE during the fourth quarter worth approximately $25,000. Lindbrook Capital LLC increased its stake in NICE by 88.9% during the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock worth $27,000 after acquiring an additional 64 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in shares of NICE during the fourth quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of NICE in the third quarter worth approximately $37,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of NICE during the 1st quarter worth approximately $39,000. 63.34% of the stock is owned by institutional investors.

About NICE

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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.

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Earnings History and Estimates for NICE (NASDAQ:NICE)

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