We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Here's Why You Should Hold Accenture (ACN) in Your Portfolio
Read MoreHide Full Article
Accenture plc, (ACN - Free Report) has an impressive Growth Score of A. This style score condenses all the essential metrics from the company’s financial statements to get a true sense of quality and sustainability of its growth.
The company has an expected long-term earnings per share (three to five years) growth rate of 10%. Further, earnings are anticipated to register 3.7% growth in fiscal 2020 and 6.5% in fiscal 2021.
The company’s shares have gained 23.2% in the past year compared with 18.4% rally of the industry it belongs to.
Aiding Factors
Accenture is steadily gaining traction in its outsourcing businesses, backed by strong demand to assist clients with the operation and maintenance of digital-related services as well as cloud enablement. In the third quarter of fiscal 2020, Accenture’s outsourcing revenues increased 3% year over year.
The recent acquisition of CreativeDrive is expected to boost Accenture’s content, digital-marketing, media and commercial-service offerings. Another recent buyout, Organize Cloud Lab, has helped expand the company’s user-experience consultancy services and ServiceNow solutions.
Moreover, Accenture extended its technology-services agreement with the global mining company Anglo American. The move confirms that Accenture will continue as a strategic IT-services provider to Anglo American till 2023.
Risks Associated
Higher talent costs due to a competitive talent market and Trump’s stringent policies on immigration are hurting consulting-service providers like Accenture. The industry is labor-intensive and heavily dependent on foreign talent.
Zacks Rank and Key Picks
Accenture currently carries a Zacks Rank #3 (Hold).
The long-term expected earnings per share (three to five years) growth rate for Republic Services, IQVIA Holdings and NV5 Global 7.9%, 9.9% and 13.7%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Image: Bigstock
Here's Why You Should Hold Accenture (ACN) in Your Portfolio
Accenture plc, (ACN - Free Report) has an impressive Growth Score of A. This style score condenses all the essential metrics from the company’s financial statements to get a true sense of quality and sustainability of its growth.
The company has an expected long-term earnings per share (three to five years) growth rate of 10%. Further, earnings are anticipated to register 3.7% growth in fiscal 2020 and 6.5% in fiscal 2021.
The company’s shares have gained 23.2% in the past year compared with 18.4% rally of the industry it belongs to.
Aiding Factors
Accenture is steadily gaining traction in its outsourcing businesses, backed by strong demand to assist clients with the operation and maintenance of digital-related services as well as cloud enablement. In the third quarter of fiscal 2020, Accenture’s outsourcing revenues increased 3% year over year.
The recent acquisition of CreativeDrive is expected to boost Accenture’s content, digital-marketing, media and commercial-service offerings. Another recent buyout, Organize Cloud Lab, has helped expand the company’s user-experience consultancy services and ServiceNow solutions.
Moreover, Accenture extended its technology-services agreement with the global mining company Anglo American. The move confirms that Accenture will continue as a strategic IT-services provider to Anglo American till 2023.
Risks Associated
Higher talent costs due to a competitive talent market and Trump’s stringent policies on immigration are hurting consulting-service providers like Accenture. The industry is labor-intensive and heavily dependent on foreign talent.
Zacks Rank and Key Picks
Accenture currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are Republic Services (RSG - Free Report) , IQVIA Holdings (IQV - Free Report) and NV5 Global (NVEE - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The long-term expected earnings per share (three to five years) growth rate for Republic Services, IQVIA Holdings and NV5 Global 7.9%, 9.9% and 13.7%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>