NIC Earnings: Everything You Must Know Now

NIC Inc. (NASDAQ:EGOV) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

NIC Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 77.78% to $0.16 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Rose 26.78% to $65.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: NIC Inc. reported adjusted EPS income of $0.16 per share. By that measure, the company beat the mean analyst estimate of $0.11. It beat the average revenue estimate of $60.71 million.

Quoting Management: “Our second quarter results exemplified the key growth drivers of NIC’s business, from the newest portals to long-established services,” said Steve Kovzan, NIC’s Chief Financial Officer. “Our strong year-to-date results have exceeded our expectations, putting us currently on pace to comfortably meet or exceed the high end of our previously issued total revenue and earnings estimates for the year.”

Key Stats (on next page)…

Revenue increased 7.64% from $61.22 million in the previous quarter. EPS increased 6.67% from $0.15 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.11 and has not changed. For the current year, the average estimate has moved up from a profit of $0.45 to a profit of $0.47 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]