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Accenture (ACN) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Accenture (ACN - Free Report) closed at $279.34, marking a -0.4% move from the previous day. This change lagged the S&P 500's daily gain of 1.19%. Meanwhile, the Dow gained 0.76%, and the Nasdaq, a tech-heavy index, added 0.29%.
Coming into today, shares of the consulting company had gained 5.4% in the past month. In that same time, the Business Services sector gained 7.59%, while the S&P 500 gained 4.06%.
Wall Street will be looking for positivity from Accenture as it approaches its next earnings report date. In that report, analysts expect Accenture to post earnings of $2.48 per share. This would mark a year-over-year decline of 2.36%. Meanwhile, our latest consensus estimate is calling for revenue of $15.52 billion, up 3.12% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.46 per share and revenue of $64.29 billion. These totals would mark changes of +7% and +4.37%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Accenture. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. Accenture is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Accenture currently has a Forward P/E ratio of 24.49. This represents a premium compared to its industry's average Forward P/E of 21.49.
We can also see that ACN currently has a PEG ratio of 2.58. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Consulting Services was holding an average PEG ratio of 1.34 at yesterday's closing price.
The Consulting Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Accenture (ACN) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Accenture (ACN - Free Report) closed at $279.34, marking a -0.4% move from the previous day. This change lagged the S&P 500's daily gain of 1.19%. Meanwhile, the Dow gained 0.76%, and the Nasdaq, a tech-heavy index, added 0.29%.
Coming into today, shares of the consulting company had gained 5.4% in the past month. In that same time, the Business Services sector gained 7.59%, while the S&P 500 gained 4.06%.
Wall Street will be looking for positivity from Accenture as it approaches its next earnings report date. In that report, analysts expect Accenture to post earnings of $2.48 per share. This would mark a year-over-year decline of 2.36%. Meanwhile, our latest consensus estimate is calling for revenue of $15.52 billion, up 3.12% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.46 per share and revenue of $64.29 billion. These totals would mark changes of +7% and +4.37%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Accenture. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. Accenture is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Accenture currently has a Forward P/E ratio of 24.49. This represents a premium compared to its industry's average Forward P/E of 21.49.
We can also see that ACN currently has a PEG ratio of 2.58. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Consulting Services was holding an average PEG ratio of 1.34 at yesterday's closing price.
The Consulting Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.