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Accenture (ACN) Stock Moves -0.31%: What You Should Know
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The latest trading session saw Accenture (ACN - Free Report) ending at $370.63, denoting a -0.31% adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 0.92%. Meanwhile, the Dow lost 0.96%, and the Nasdaq, a tech-heavy index, lost 1.6%.
The consulting company's shares have seen an increase of 9.47% over the last month, surpassing the Computer and Technology sector's gain of 3.64% and the S&P 500's gain of 2.68%.
Market participants will be closely following the financial results of Accenture in its upcoming release. It is anticipated that the company will report an EPS of $3.39, marking a 3.67% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $17.21 billion, up 6.09% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.77 per share and a revenue of $69.02 billion, signifying shifts of +6.86% and +6.36%, respectively, from the last year.
Any recent changes to analyst estimates for Accenture should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.03% higher. Currently, Accenture is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, Accenture currently has a Forward P/E ratio of 29.11. This valuation marks a premium compared to its industry's average Forward P/E of 28.83.
We can additionally observe that ACN currently boasts a PEG ratio of 3.25. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computers - IT Services industry had an average PEG ratio of 2.84 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 53, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Accenture (ACN) Stock Moves -0.31%: What You Should Know
The latest trading session saw Accenture (ACN - Free Report) ending at $370.63, denoting a -0.31% adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 0.92%. Meanwhile, the Dow lost 0.96%, and the Nasdaq, a tech-heavy index, lost 1.6%.
The consulting company's shares have seen an increase of 9.47% over the last month, surpassing the Computer and Technology sector's gain of 3.64% and the S&P 500's gain of 2.68%.
Market participants will be closely following the financial results of Accenture in its upcoming release. It is anticipated that the company will report an EPS of $3.39, marking a 3.67% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $17.21 billion, up 6.09% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.77 per share and a revenue of $69.02 billion, signifying shifts of +6.86% and +6.36%, respectively, from the last year.
Any recent changes to analyst estimates for Accenture should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.03% higher. Currently, Accenture is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, Accenture currently has a Forward P/E ratio of 29.11. This valuation marks a premium compared to its industry's average Forward P/E of 28.83.
We can additionally observe that ACN currently boasts a PEG ratio of 3.25. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computers - IT Services industry had an average PEG ratio of 2.84 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 53, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.