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In the latest market close, Accenture (ACN - Free Report) reached $296.09, with a +0.39% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.93%.
Coming into today, shares of the consulting company had lost 6.96% in the past month. In that same time, the Business Services sector lost 3.49%, while the S&P 500 lost 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Accenture in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.11, reflecting a 0.97% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.23 billion, up 3.07% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.10 per share and a revenue of $66.56 billion, signifying shifts of +3.68% and +3.81%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Accenture. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.82% lower. As of now, Accenture holds a Zacks Rank of #3 (Hold).
Investors should also note Accenture's current valuation metrics, including its Forward P/E ratio of 24.37. This indicates a premium in contrast to its industry's Forward P/E of 21.47.
It's also important to note that ACN currently trades at a PEG ratio of 2.57. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Consulting Services industry was having an average PEG ratio of 1.27.
The Consulting Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 65, finds itself in the top 26% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
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Accenture (ACN) Rises Yet Lags Behind Market: Some Facts Worth Knowing
In the latest market close, Accenture (ACN - Free Report) reached $296.09, with a +0.39% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.93%.
Coming into today, shares of the consulting company had lost 6.96% in the past month. In that same time, the Business Services sector lost 3.49%, while the S&P 500 lost 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Accenture in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.11, reflecting a 0.97% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.23 billion, up 3.07% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.10 per share and a revenue of $66.56 billion, signifying shifts of +3.68% and +3.81%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Accenture. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.82% lower. As of now, Accenture holds a Zacks Rank of #3 (Hold).
Investors should also note Accenture's current valuation metrics, including its Forward P/E ratio of 24.37. This indicates a premium in contrast to its industry's Forward P/E of 21.47.
It's also important to note that ACN currently trades at a PEG ratio of 2.57. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Consulting Services industry was having an average PEG ratio of 1.27.
The Consulting Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 65, finds itself in the top 26% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.