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Accenture (ACN) Outpaces Stock Market Gains: What You Should Know
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Accenture (ACN - Free Report) closed at $359.47 in the latest trading session, marking a +1.71% move from the prior day. This move outpaced the S&P 500's daily gain of 0.94%. At the same time, the Dow added 0.63%, and the tech-heavy Nasdaq lost 0.55%.
Heading into today, shares of the consulting company had lost 12.59% over the past month, lagging the Business Services sector's loss of 6.78% and the S&P 500's loss of 4.63% in that time.
Wall Street will be looking for positivity from Accenture as it approaches its next earnings report date. This is expected to be March 17, 2022. On that day, Accenture is projected to report earnings of $2.36 per share, which would represent year-over-year growth of 16.26%. Meanwhile, our latest consensus estimate is calling for revenue of $14.66 billion, up 21.31% from the prior-year quarter.
ACN's full-year Zacks Consensus Estimates are calling for earnings of $10.54 per share and revenue of $59.85 billion. These results would represent year-over-year changes of +19.77% and +18.44%, respectively.
Investors might also notice recent changes to analyst estimates for Accenture. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Within the past 30 days, our consensus EPS projection remained stagnant. Accenture is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Accenture is currently trading at a Forward P/E ratio of 33.53. This valuation marks a premium compared to its industry's average Forward P/E of 19.82.
Also, we should mention that ACN has a PEG ratio of 3.35. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Consulting Services industry currently had an average PEG ratio of 1.14 as of yesterday's close.
The Consulting Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% 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.
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) Outpaces Stock Market Gains: What You Should Know
Accenture (ACN - Free Report) closed at $359.47 in the latest trading session, marking a +1.71% move from the prior day. This move outpaced the S&P 500's daily gain of 0.94%. At the same time, the Dow added 0.63%, and the tech-heavy Nasdaq lost 0.55%.
Heading into today, shares of the consulting company had lost 12.59% over the past month, lagging the Business Services sector's loss of 6.78% and the S&P 500's loss of 4.63% in that time.
Wall Street will be looking for positivity from Accenture as it approaches its next earnings report date. This is expected to be March 17, 2022. On that day, Accenture is projected to report earnings of $2.36 per share, which would represent year-over-year growth of 16.26%. Meanwhile, our latest consensus estimate is calling for revenue of $14.66 billion, up 21.31% from the prior-year quarter.
ACN's full-year Zacks Consensus Estimates are calling for earnings of $10.54 per share and revenue of $59.85 billion. These results would represent year-over-year changes of +19.77% and +18.44%, respectively.
Investors might also notice recent changes to analyst estimates for Accenture. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Within the past 30 days, our consensus EPS projection remained stagnant. Accenture is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Accenture is currently trading at a Forward P/E ratio of 33.53. This valuation marks a premium compared to its industry's average Forward P/E of 19.82.
Also, we should mention that ACN has a PEG ratio of 3.35. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Consulting Services industry currently had an average PEG ratio of 1.14 as of yesterday's close.
The Consulting Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.