We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Accenture (ACN) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest market close, Accenture (ACN - Free Report) reached $380.75, with a +1.69% movement compared to the previous day. This change outpaced the S&P 500's 0.53% gain on the day. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq added 0.25%.
Heading into today, shares of the consulting company had gained 6.43% over the past month, outpacing the Computer and Technology sector's loss of 0.75% and the S&P 500's gain of 1.24% in that time.
The upcoming earnings release of Accenture will be of great interest to investors. On that day, Accenture is projected to report earnings of $2.78 per share, which would represent year-over-year growth of 0.36%. Alongside, our most recent consensus estimate is anticipating revenue of $16.59 billion, indicating a 4.97% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.69 per share and revenue of $68.63 billion, which would represent changes of +6.19% and +5.75%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Accenture. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% decrease. Right now, Accenture possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Accenture has a Forward P/E ratio of 29.51 right now. This valuation marks a premium compared to its industry's average Forward P/E of 29.44.
It is also worth noting that ACN currently has a PEG ratio of 3.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Computers - IT Services stocks are, on average, holding a PEG ratio of 2.78 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Accenture (ACN) Outpaces Stock Market Gains: What You Should Know
In the latest market close, Accenture (ACN - Free Report) reached $380.75, with a +1.69% movement compared to the previous day. This change outpaced the S&P 500's 0.53% gain on the day. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq added 0.25%.
Heading into today, shares of the consulting company had gained 6.43% over the past month, outpacing the Computer and Technology sector's loss of 0.75% and the S&P 500's gain of 1.24% in that time.
The upcoming earnings release of Accenture will be of great interest to investors. On that day, Accenture is projected to report earnings of $2.78 per share, which would represent year-over-year growth of 0.36%. Alongside, our most recent consensus estimate is anticipating revenue of $16.59 billion, indicating a 4.97% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.69 per share and revenue of $68.63 billion, which would represent changes of +6.19% and +5.75%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Accenture. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% decrease. Right now, Accenture possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Accenture has a Forward P/E ratio of 29.51 right now. This valuation marks a premium compared to its industry's average Forward P/E of 29.44.
It is also worth noting that ACN currently has a PEG ratio of 3.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Computers - IT Services stocks are, on average, holding a PEG ratio of 2.78 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.