- Nice Ltd reported a third-quarter adjusted EPS of $2.88, exceeding the estimated $2.68.
- Adjusted revenue totaled $690.0 million, surpassing the forecast of $683.7 million.
- Cloud revenue fell short at $500.1 million compared to an estimate of $503.6 million.
- Services revenue came in higher at $149.9 million against an expected $147.7 million.
- Product revenue significantly outperformed estimates at $40.0 million versus $27.9 million.
- The company achieved an adjusted gross profit of $490.3 million, higher than the projected $485 million.
- Nice Ltd reiterated its full-year 2024 revenue guidance, expecting $2,715 million to $2,735 million, indicating a 15% growth from the previous year.
- The full-year 2024 EPS guidance was raised, with an expectation of $10.95 to $11.15, marking a 26% growth from 2023.
- Shares of Nice Ltd increased by 5.4%, reaching ILs78,190, with 50,466 shares traded.
- There were two buy ratings, and no hold or sell recommendations for the shares.
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
Looking at the Smartkarma Smart Scores for Nice Ltd, the company seems to have a mixed long-term outlook. With a Value score of 2, Nice Ltd may not be considered undervalued in the market. On the dividend front, it scores a 1, indicating that it may not be a strong dividend play. However, when it comes to Growth and Resilience, Nice Ltd shines with scores of 4 for both factors. This suggests that the company is poised for strong growth and is resilient in the face of challenges. Momentum, with a score of 3, indicates that Nice Ltd is showing positive momentum in its market performance.
Overall, Nice Ltd provides solutions that manage and analyze multimedia content and transactional data, including telephony, web, radio, and video communications. The company’s offerings encompass integrated, multimedia recording platforms, software applications, and related professional services. Based on its Smartkarma Smart Scores, it appears that Nice Ltd is well-positioned for growth and has a strong ability to weather market fluctuations, despite not currently being considered a high-value or high-dividend stock.
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.
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