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Accenture (ACN) to Gain From Greenfish Buyout: Here's How
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Accenture plc (ACN - Free Report) yesterday announced that it has completed the acquisition of Brussels-based Greenfish, an independent engineering and advisory company. The deal was initially announced on Apr 20, 2022. Financial terms of the deal have been kept under wraps.
Greenfish offers sustainability consultancy services and engineering solutions to boost sustainable business transformation. Founded in 2010, the company has offices in Belgium, France and the Netherlands.
Over the past year, shares of Accenture have gained 8.3% compared with 6.5% growth of the industry it belongs to and 3.7% loss of the Zacks S&P 500 composite.
Image Source: Zacks Investment Research
Buyout to Strengthen Accenture’s Sustainability Services
Greenfish's team of more than 270 professionals will join Accenture Sustainability Services. The deal is expected to help Accenture enhance its sustainability skills and services to better address the increasing needs of clients, especially across Europe.
According to Olivier Girard, market unit lead for Accenture France & Benelux, “Acquiring Greenfish would further enhance our deep experience in helping European clients improve their ESG performance and embed sustainability by design in their operations.”
Further, Peter Lacy, Accenture’s global Sustainability Services lead and chief responsibility officer, added, “The Accenture Sustainability Value Promise is to embed sustainability into everything we do, with everyone we work with, creating both business value and sustainable impact, enabled by technology and human ingenuity. Adding more than 270 deeply skilled professionals in the areas of low-carbon energy transitions, the circular economy and ESG measurement would rapidly accelerate our already-strong leadership both across Europe, and within the critical markets of France, Belgium and the Netherlands.”
Some better-ranked stocks in the broader Business Services sector that investors can consider are Cross Country Healthcare (CCRN - Free Report) , Gartner (IT - Free Report) and Avis Budget (CAR - Free Report) , each sporting a Zacks Rank #1 at present.
Cross Country Healthcare has an expected earnings growth rate of 54.2% for the current year. CCRN has a trailing four-quarter earnings surprise of 29.2%, on average.
Cross Country Healthcare has a long-term earnings growth rate of 6.9%.
Gartner’s shares have gained 10.6% in the past year. IT delivered a trailing four-quarter earnings surprise of 24.2%, on average.
The Zacks Consensus Estimate for Gartner's current-year earnings has moved up 13.6% in the past 90 days.
Avis Budget has an expected earnings growth rate of 59.8% for the current year. CAR delivered a trailing four-quarter earnings surprise of 102.1%, on average.
Avis Budget has a long-term earnings growth rate of 19.4%.
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Accenture (ACN) to Gain From Greenfish Buyout: Here's How
Accenture plc (ACN - Free Report) yesterday announced that it has completed the acquisition of Brussels-based Greenfish, an independent engineering and advisory company. The deal was initially announced on Apr 20, 2022. Financial terms of the deal have been kept under wraps.
Greenfish offers sustainability consultancy services and engineering solutions to boost sustainable business transformation. Founded in 2010, the company has offices in Belgium, France and the Netherlands.
Over the past year, shares of Accenture have gained 8.3% compared with 6.5% growth of the industry it belongs to and 3.7% loss of the Zacks S&P 500 composite.
Image Source: Zacks Investment Research
Buyout to Strengthen Accenture’s Sustainability Services
Greenfish's team of more than 270 professionals will join Accenture Sustainability Services. The deal is expected to help Accenture enhance its sustainability skills and services to better address the increasing needs of clients, especially across Europe.
According to Olivier Girard, market unit lead for Accenture France & Benelux, “Acquiring Greenfish would further enhance our deep experience in helping European clients improve their ESG performance and embed sustainability by design in their operations.”
Further, Peter Lacy, Accenture’s global Sustainability Services lead and chief responsibility officer, added, “The Accenture Sustainability Value Promise is to embed sustainability into everything we do, with everyone we work with, creating both business value and sustainable impact, enabled by technology and human ingenuity. Adding more than 270 deeply skilled professionals in the areas of low-carbon energy transitions, the circular economy and ESG measurement would rapidly accelerate our already-strong leadership both across Europe, and within the critical markets of France, Belgium and the Netherlands.”
Zacks Rank and Stocks to Consider
Accenture currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the broader Business Services sector that investors can consider are Cross Country Healthcare (CCRN - Free Report) , Gartner (IT - Free Report) and Avis Budget (CAR - Free Report) , each sporting a Zacks Rank #1 at present.
Cross Country Healthcare has an expected earnings growth rate of 54.2% for the current year. CCRN has a trailing four-quarter earnings surprise of 29.2%, on average.
Cross Country Healthcare has a long-term earnings growth rate of 6.9%.
Gartner’s shares have gained 10.6% in the past year. IT delivered a trailing four-quarter earnings surprise of 24.2%, on average.
The Zacks Consensus Estimate for Gartner's current-year earnings has moved up 13.6% in the past 90 days.
Avis Budget has an expected earnings growth rate of 59.8% for the current year. CAR delivered a trailing four-quarter earnings surprise of 102.1%, on average.
Avis Budget has a long-term earnings growth rate of 19.4%.