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