- Adjusted EPS Beats Estimates: Nice Ltd‘s adjusted EPS stood at $2.64, surpassing the estimate of $2.58.
- Revenue Performance: Adjusted revenue reached $664.4 million, slightly above the estimate of $664 million.
- Third-Quarter 2024 Outlook:
- Non-GAAP fully diluted EPS expected between $2.62 and $2.72, representing an 18% year-over-year growth at the midpoint.
- Non-GAAP total revenues forecasted between $676 million and $686 million, reflecting a 13% year-over-year growth at the midpoint.
- Full-Year 2024 Projections:
- Non-GAAP fully diluted EPS anticipated between $10.60 and $10.80, indicating a 22% growth at the midpoint compared to 2023.
- Non-GAAP total revenues expected to range from $2,715 million to $2,735 million, showing a 15% growth at the midpoint compared to 2023.
- Revenue Growth Drivers:
“Total revenue increased 14% to $664 million, once again driven by industry-leading cloud growth of 26%,” said Barak Eilam, CEO of NICE.
- Market Reaction:
- Shares rose 2.6% to ILs63,000.
- 32,138 shares traded.
- 2 buys, 0 holds, 0 sells recorded.
A look at Nice Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores analysis for Nice Ltd, the company shows a promising long-term outlook. With strong scores in Growth and Resilience, Nice Ltd is positioned well for future expansion and able to withstand economic challenges. The company’s focus on innovation and adaptability is evident in its favorable Momentum score, indicating a positive market sentiment towards its future prospects.
Nice Ltd, a company specializing in managing and analyzing multimedia content and transactional data, demonstrates a solid foundation for growth and stability. While the Value and Dividend scores are moderate, the higher ratings in Growth and Resilience highlight the company’s ability to capitalize on emerging opportunities and maintain its competitive edge. Investors may view Nice Ltd as a favorable long-term investment option based on its strong Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
