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) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
Accenture (ACN - Free Report) closed at $165.92 in the latest trading session, marking a +1.61% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.7%. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, added 1%.
Heading into today, shares of the consulting company had gained 18.89% over the past month, outpacing the Computer and Technology sector's loss of 6.59% and the S&P 500's loss of 0.49%.
Analysts and investors alike will be keeping a close eye on the performance of Accenture in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.19, signifying a 5.28% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $18.01 billion, reflecting a 2.36% rise from the equivalent quarter last year.
ACN's full-year Zacks Consensus Estimates are calling for earnings of $13.85 per share and revenue of $73.54 billion. These results would represent year-over-year changes of +7.12% and +5.55%, respectively.
Any recent changes to analyst estimates for Accenture should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Accenture presently features a Zacks Rank of #4 (Sell).
Looking at its valuation, Accenture is holding a Forward P/E ratio of 11.79. This indicates a discount in contrast to its industry's Forward P/E of 13.55.
We can additionally observe that ACN currently boasts a PEG ratio of 1.69. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Computers - IT Services industry was having an average PEG ratio of 1.15.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 90, putting it in the top 37% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Accenture (ACN) Outperforms Broader Market: What You Need to Know
Accenture (ACN - Free Report) closed at $165.92 in the latest trading session, marking a +1.61% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.7%. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, added 1%.
Heading into today, shares of the consulting company had gained 18.89% over the past month, outpacing the Computer and Technology sector's loss of 6.59% and the S&P 500's loss of 0.49%.
Analysts and investors alike will be keeping a close eye on the performance of Accenture in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.19, signifying a 5.28% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $18.01 billion, reflecting a 2.36% rise from the equivalent quarter last year.
ACN's full-year Zacks Consensus Estimates are calling for earnings of $13.85 per share and revenue of $73.54 billion. These results would represent year-over-year changes of +7.12% and +5.55%, respectively.
Any recent changes to analyst estimates for Accenture should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Accenture presently features a Zacks Rank of #4 (Sell).
Looking at its valuation, Accenture is holding a Forward P/E ratio of 11.79. This indicates a discount in contrast to its industry's Forward P/E of 13.55.
We can additionally observe that ACN currently boasts a PEG ratio of 1.69. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Computers - IT Services industry was having an average PEG ratio of 1.15.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 90, putting it in the top 37% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.