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Accenture (ACN) to Gain From Avieco Acquisition: Here's How
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Accenture plc (ACN - Free Report) announced that it has inked a deal to acquire Avieco, a U.K.-based sustainability consultancy. The deal closure is subject to customary closing conditions. Financial terms of the deal have been kept under wraps.
Avieco’s expertise in sustainability consulting spans a broad range of industries, including retail and consumer goods, financial services, technology, and media.
Over the past year, shares of Accenture have gained 20.1% compared with 22% growth of the industry it belongs to and 10.2% rise of the Zacks S&P 500 composite.
Image Source: Zacks Investment Research
How Will Accenture Benefit?
The deal closure will see the joining of Avieco’s team of more than 60 professionals, having expertise in environmental, social and governance ("ESG") measurement and reporting, net-zero strategy, and regulation and real-time data analytics, into Accenture’s Sustainability Services in the U.K.
The acquisition is expected to boost Accenture Sustainability Value Promise by embedding sustainability in its offerings.The deal is also expected to boost Accenture’s ESG measurement and analytics capabilities, and help it improve sustainability performance, and create sustainable value for its stakeholders.
Peter Lacy, Accenture’s global Sustainability Services lead, global management committee member and chief responsibility officer, stated, "The acquisition of Avieco will underscore our commitment to scale the sustainability services we offer clients and deepen our knowledge and experience."
Some better-ranked stocks in the broader Business Services sector that investors may consider are Cross Country Healthcare (CCRN - Free Report) , NV5 Global (NVEE - Free Report) and Clean Harbors (CLH - Free Report) , each sporting a Zacks Rank #1.
Cross Country Healthcare has a trailing four-quarter earnings surprise of 41.5%, on average.
Cross Country Healthcare’s shares have surged 59.3% in the past year. The company has a long-term earnings growth of 6.5%.
NV5 Global has an expected earnings growth rate of 6.1% for the current year. It delivered a trailing four-quarter earnings surprise of 22.2%, on average.
NV5 Global’s shares have surged 42% in the past year. The company has a long-term earnings growth of 14.2%.
Clean Harbors has an expected earnings growth rate of 17% for the current year. The company has a trailing four-quarter earnings surprise of 43.2%, on average.
Clean Harbors’ shares have surged 23.5% in the past year.
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Accenture (ACN) to Gain From Avieco Acquisition: Here's How
Accenture plc (ACN - Free Report) announced that it has inked a deal to acquire Avieco, a U.K.-based sustainability consultancy. The deal closure is subject to customary closing conditions. Financial terms of the deal have been kept under wraps.
Avieco’s expertise in sustainability consulting spans a broad range of industries, including retail and consumer goods, financial services, technology, and media.
Over the past year, shares of Accenture have gained 20.1% compared with 22% growth of the industry it belongs to and 10.2% rise of the Zacks S&P 500 composite.
Image Source: Zacks Investment Research
How Will Accenture Benefit?
The deal closure will see the joining of Avieco’s team of more than 60 professionals, having expertise in environmental, social and governance ("ESG") measurement and reporting, net-zero strategy, and regulation and real-time data analytics, into Accenture’s Sustainability Services in the U.K.
The acquisition is expected to boost Accenture Sustainability Value Promise by embedding sustainability in its offerings.The deal is also expected to boost Accenture’s ESG measurement and analytics capabilities, and help it improve sustainability performance, and create sustainable value for its stakeholders.
Peter Lacy, Accenture’s global Sustainability Services lead, global management committee member and chief responsibility officer, stated, "The acquisition of Avieco will underscore our commitment to scale the sustainability services we offer clients and deepen our knowledge and experience."
Zacks Rank and Stocks to Consider
Accenture currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the broader Business Services sector that investors may consider are Cross Country Healthcare (CCRN - Free Report) , NV5 Global (NVEE - Free Report) and Clean Harbors (CLH - Free Report) , each sporting a Zacks Rank #1.
Cross Country Healthcare has a trailing four-quarter earnings surprise of 41.5%, on average.
Cross Country Healthcare’s shares have surged 59.3% in the past year. The company has a long-term earnings growth of 6.5%.
NV5 Global has an expected earnings growth rate of 6.1% for the current year. It delivered a trailing four-quarter earnings surprise of 22.2%, on average.
NV5 Global’s shares have surged 42% in the past year. The company has a long-term earnings growth of 14.2%.
Clean Harbors has an expected earnings growth rate of 17% for the current year. The company has a trailing four-quarter earnings surprise of 43.2%, on average.
Clean Harbors’ shares have surged 23.5% in the past year.