NICE Expects Q1 Non-GAAP Total Revenues Of $650M-$660M (Est $643.57M), Non-GAAP EPS Of $2.40-$2.50 (Est $2.31)
Portfolio Pulse from Benzinga Newsdesk
NICE has projected its Q1 Non-GAAP total revenues to be between $650M-$660M, surpassing the estimated $643.57M. Additionally, its Non-GAAP EPS is expected to be in the range of $2.40-$2.50, exceeding the forecast of $2.31.
February 22, 2024 | 10:38 am
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NICE projects higher-than-expected Q1 Non-GAAP revenues ($650M-$660M vs. $643.57M est.) and EPS ($2.40-$2.50 vs. $2.31 est.), indicating strong financial performance.
NICE's projection of higher-than-expected revenues and EPS for Q1 suggests a strong financial performance, likely leading to a positive short-term impact on its stock price. The company's ability to exceed analysts' estimates typically results in increased investor confidence and can drive stock prices up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100