Nice Ltd ADR Down 4.60% To $217.14 After Earnings Beat

Nice Ltd (NICE) reported better than expected earnings this morning for Q2 2022.

Nice Ltd ADR's earnings came in at an EPS of $1.86 per share, 4.00% higher than estimates for an EPS of $1.79 per share. The firm's earnings are up 18% since reporting $1.57 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $530.6 million. That is an increase of 15.63% in revenues from the year-ago report and is 1.33% higher than consensus estimates set at $523.6 million.

The stock is down 4.60% to $217.14 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Nice Ltd ADR a Bearish Sentiment Rank from InvestorsObserver.

Nice Ltd ADR has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 86, putting Nice Ltd ADR in the top 25% of stocks. The firm set a 52-week low on May 9, 2022 at $179.13 and set a 52-week high on November 15, 2021 at $319.88.

Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXOne platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions.