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For the quarter ended September 2024, Nice (NICE) reported revenue of $689.96 million, up 14.7% over the same period last year. EPS came in at $2.88, compared to $2.27 in the year-ago quarter.

The reported revenue represents a surprise of +1.07% over the Zacks Consensus Estimate of $682.67 million. With the consensus EPS estimate being $2.68, the EPS surprise was +7.46%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Nice performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenue by Business Model- Cloud: $500.11 million compared to the $506.54 million average estimate based on seven analysts. The reported number represents a change of +24% year over year.
• Revenue by Business Model- Services: $149.86 million versus $148.66 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -6.5% change.
• Revenue by Business Model- Product: $39.99 million versus $27.48 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.

View all Key Company Metrics for Nice here>>>

Shares of Nice have returned +12% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Zacks Investment Research

Nice Ltd shares are trading lower on Thursday.

The company reported third-quarter adjusted earnings per share of $2.88 beating the street view of $2.68. Quarterly revenues of $689.963 million (up 15% year-over-year), outpacing the analyst consensus estimate of $683.481 million.

Cloud revenue grew 24%, totaling $500.1 million, while adjusted operating income rose 20% to $220.8 million.

The company also improved its adjusted operating margin to 32%, compared to 30.6% in the same period last year.

Nice CEO Barak Eilam credits the results to “cutting-edge AI innovation,” citing an acceleration in deal signings and bookings for our CXone AI offerings.

Nice offerings include Copilot, Autopilot and Autosummary.

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Outlook: Nice reiterated its 2024 guidance for adjusted revenues of $2.715 billion to $2.735 billion, compared with analyst expectations of $2.73 billion.

The company raised its adjusted EPS forecast to a range of $10.95 to $11.15, up from the previous $10.60 to $10.80. The updated guidance compared with the consensus estimate of $10.73 EPS.

Price Action: Nice shares are trading lower by 4.06% to $191.20 premarket at last check Thursday.

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