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Accenture (ACN) Stock Sinks As Market Gains: What You Should Know
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Accenture (ACN - Free Report) closed the most recent trading day at $260.50, moving -1.76% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.32%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, added 1.09%.
Coming into today, shares of the consulting company had gained 27.26% in the past month. In that same time, the Computer and Technology sector lost 18.34%, while the S&P 500 lost 5.4%.
The upcoming earnings release of Accenture will be of great interest to investors. The company is expected to report EPS of $3.9, down 1.02% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $19.35 billion, up 3.22% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.68 per share and a revenue of $77.33 billion, signifying shifts of +5.08% and +4.24%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Accenture. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.04% higher within the past month. Currently, Accenture is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Accenture has a Forward P/E ratio of 18.06 right now. This denotes a premium relative to the industry average Forward P/E of 15.25.
We can also see that ACN currently has a PEG ratio of 2.04. 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. As the market closed yesterday, the Computers - IT Services industry was having an average PEG ratio of 1.32.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 106, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Accenture (ACN) Stock Sinks As Market Gains: What You Should Know
Accenture (ACN - Free Report) closed the most recent trading day at $260.50, moving -1.76% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.32%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, added 1.09%.
Coming into today, shares of the consulting company had gained 27.26% in the past month. In that same time, the Computer and Technology sector lost 18.34%, while the S&P 500 lost 5.4%.
The upcoming earnings release of Accenture will be of great interest to investors. The company is expected to report EPS of $3.9, down 1.02% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $19.35 billion, up 3.22% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.68 per share and a revenue of $77.33 billion, signifying shifts of +5.08% and +4.24%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Accenture. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.04% higher within the past month. Currently, Accenture is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Accenture has a Forward P/E ratio of 18.06 right now. This denotes a premium relative to the industry average Forward P/E of 15.25.
We can also see that ACN currently has a PEG ratio of 2.04. 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. As the market closed yesterday, the Computers - IT Services industry was having an average PEG ratio of 1.32.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 106, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.