NIC Inc. (NASDAQ:EGOV) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, EGOV to report 3Q20 income of $ 0.21 per share.
For the full year, analysts anticipate top line of $ 378.44 million, while looking forward to income of $ 0.76 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 380.50 million ~ $ 380.50 million, where as bottomline are predicted in a range of $ 0.76 ~ $ 0.76 per share
Click Here For More Historical Outlooks Of NIC Inc.
Previous Quarter Performance
NIC Inc. unwinded income for the second quarter of $ 0.20 per share, from the revenue of $ 93.59 million. Wall street analysts are predicting, EGOV to report 2Q20 income of $ 0.18 per share from revenue of $ 91.95 million. The bottom line results beat street analysts by $ 0.02 or 11.11 percent, at the same time, top line results outshined analysts by $ 1.64 million or 1.78 percent.
Stock Performance
Shares of NIC Inc. traded low $ -0.28 or -1.32 percent on Tuesday, reaching $ 20.99 with volume of 183.70 thousand shares. NIC Inc. has traded high as $ 21.37 and has cracked $ 20.89 on the downward trend
According to the previous trading day, closing price of $ 20.99, representing a 37.31 % increase from the 52 week low of $ 15.49 and a 18 % decrease over the 52 week high of $ 25.94.
The company has a market capital of $ 1.41 billion and is part of the Technology sector and Software – Application industry.
Recent Stock Dividend Announcement
On July 27, 2020, the board of directors authorized quarterly dividend of $ 0.09 per share to holders of record as of the close of business on September 8, 2020, with payment date of September 22, 2020 and ex-dividend date on September 4, 2020.
Conference Call
NIC Inc. will be hosting a conference call at 4:30 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.egov.com
NIC Inc., together with its subsidiaries, provides digital government services that enable governments to use technology to provide various services to businesses and citizens in the United States. The companys outsourced portal business enters into long-term contracts with state and local governments to design, build, and operate Internet-based and enterprise-wide portals on their behalf. Its portals consist of Internet-based applications that enable businesses and citizens to access government information online and secure transactions, such as applying for a permit, retrieving government records, or filing a government-mandated form or report.
