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Accenture (ACN) Increases Despite Market Slip: Here's What You Need to Know
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In the latest trading session, Accenture (ACN - Free Report) closed at $247.22, marking a +1.57% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.31%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 1.38%.
Coming into today, shares of the consulting company had gained 32.74% in the past month. In that same time, the Computer and Technology sector lost 3.14%, while the S&P 500 gained 0.87%.
Market participants will be closely following the financial results of Accenture in its upcoming release. It is anticipated that the company will report an EPS of $3.9, marking a 1.02% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $19.35 billion, up 3.22% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.68 per share and revenue of $77.33 billion. These totals would mark changes of +5.08% and +4.24%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Accenture. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.36% higher. Accenture is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Accenture is presently trading at a Forward P/E ratio of 16.58. This indicates a premium in contrast to its industry's Forward P/E of 14.9.
It's also important to note that ACN currently trades at a PEG ratio of 1.87. 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. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 1.32.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 40% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Accenture (ACN) Increases Despite Market Slip: Here's What You Need to Know
In the latest trading session, Accenture (ACN - Free Report) closed at $247.22, marking a +1.57% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.31%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 1.38%.
Coming into today, shares of the consulting company had gained 32.74% in the past month. In that same time, the Computer and Technology sector lost 3.14%, while the S&P 500 gained 0.87%.
Market participants will be closely following the financial results of Accenture in its upcoming release. It is anticipated that the company will report an EPS of $3.9, marking a 1.02% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $19.35 billion, up 3.22% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.68 per share and revenue of $77.33 billion. These totals would mark changes of +5.08% and +4.24%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Accenture. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.36% higher. Accenture is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Accenture is presently trading at a Forward P/E ratio of 16.58. This indicates a premium in contrast to its industry's Forward P/E of 14.9.
It's also important to note that ACN currently trades at a PEG ratio of 1.87. 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. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 1.32.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 40% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.