Stock Analysis

NICE First Quarter 2024 Earnings: EPS Beats Expectations

TASE:NICE
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NICE (TLV:NICE) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$659.3m (up 15% from 1Q 2023).
  • Net income: US$106.4m (up 38% from 1Q 2023).
  • Profit margin: 16% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue.
  • EPS: US$1.68 (up from US$1.20 in 1Q 2023).
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TASE:NICE Earnings and Revenue Growth May 22nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

NICE EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.6%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Asia.

Performance of the market in Israel.

The company's shares are down 13% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for NICE you should know about.

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Find out whether NICE is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.