From Nasdaq: 2024-11-12 12:09:00

Nice (NICE) is scheduled to release third-quarter 2024 results on Nov. 14. The company expects non-GAAP revenues between $676 million and $686 million, with a 13% year-over-year growth at the midpoint. Non-GAAP earnings are estimated to be between $2.62-2.72 per share, showing an 18% year-over-year growth at the midpoint.

NICE’s third-quarter performance is likely to benefit from strong adoption of its cloud solutions, especially CXone, and the CX AI platform. The company’s advanced AI capabilities, like the Enlighten AI platform and Autopilot/Copilot solutions, are expected to boost performance. NICE has secured larger contracts with global enterprises, driving revenue growth.

The consensus estimate for earnings is $2.68 per share, indicating an 18.06% increase from the prior-year quarter. NICE has a history of beating earnings estimates in the past four quarters, with an average surprise of 4.41%. The company’s focus on digital engagement and conversational AI is expected to drive performance in the third quarter.

Investors should note that NICE has an Earnings ESP of 0.00% and a Zacks Rank #3. Companies worth considering for potential earnings beats include Bilibili (BILI), NVIDIA (NVDA), and Advance Auto Parts (AAP). Bilibili is set to report on Nov. 14, while NVDA and AAP will report on Nov. 20. These companies have favorable combinations of factors for upcoming releases.



Read more at Nasdaq: NICE to Report Q3 Earnings: What’s in Store for the Stock?