Nice beats Q4 estimates but shares plunge on weak 2025 outlook
The Israeli software firm surpassed earnings expectations with revenue of $721.6 million but issued a disappointing forecast.
Israeli software company Nice beat market expectations for the fourth quarter of 2024 but issued lower-than-expected guidance for the current quarter. As a result, Nice shares are down more than 13% on the Tel Aviv Stock Exchange.
The company closed its final quarter under outgoing CEO Barak Eilam with revenue of $721.6 million and adjusted earnings of $3.02 per share, surpassing market expectations of $715.3 million in revenue and $2.95 per share in adjusted earnings.
For the first quarter of 2025, Nice expects adjusted earnings of $2.78 to $2.88 per share, below analysts' expectations of $2.90 per share.
On the revenue side, Nice forecasts between $693 million and $703 million for the quarter, again falling short of the market estimate of $725.5 million.
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For the full year 2025, the company projects revenue of $2.92 to $2.94 billion and adjusted earnings of $12.13 to $12.33 per share. By comparison, analysts had forecast revenue of $3 billion and adjusted earnings of $12.32 per share.
