NICE Sees Q4, FY16 Results In Line with Street

NICE said late Tuesday that, while it has not completed its financial close and audit for 2016, its Q4 and full year non-GAAP revenue and EPS are expected to be at or above the mid-point of its previously announced guidance ranges, in line with analysts’ estimates. Shares were down 3% in recent trading.

For Q4, the company’s guidance range is $1.10 – $1.22 for EPS and $320 million – $334 million for revenues. Analysts polled by Capital IQ are expecting EPS of $1.13 and revenues of $327.5 million.

For FY16, it continues to expect EPS of $3.53 – $3.65 on revenues of $1.02 billion – $1.04 billion, versus the Street view of $3.57 EPS on revenues of $1.03 billion.

The company also said it is enhancing its capital return strategy to optimize its long term growth profile authorizing a new and enlarged share repurchase program of $150 million, and by eliminating the dividend beginning in Q1. The final dividend payment will be made for Q4 2016, payable in Q1.

By Bryan Smith