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Accenture (ACN) Dips More Than Broader Market: What You Should Know
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The most recent trading session ended with Accenture (ACN - Free Report) standing at $294.94, reflecting a -0.69% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.17%. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.27%.
Shares of the consulting company have depreciated by 6.04% over the course of the past month, underperforming the Business Services sector's loss of 5.22% and the S&P 500's loss of 3.95%.
Investors will be eagerly watching for the performance of Accenture in its upcoming earnings disclosure. The company is expected to report EPS of $3.11, up 0.97% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $16.23 billion, indicating a 3.07% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.10 per share and a revenue of $66.56 billion, representing changes of +3.68% and +3.81%, respectively, from the prior year.
Any recent changes to analyst estimates for Accenture should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.98% lower. Accenture presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Accenture is at present trading with a Forward P/E ratio of 24.54. Its industry sports an average Forward P/E of 21.74, so one might conclude that Accenture is trading at a premium comparatively.
Investors should also note that ACN has a PEG ratio of 2.58 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Consulting Services industry held an average PEG ratio of 1.28.
The Consulting Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Accenture (ACN) Dips More Than Broader Market: What You Should Know
The most recent trading session ended with Accenture (ACN - Free Report) standing at $294.94, reflecting a -0.69% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.17%. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.27%.
Shares of the consulting company have depreciated by 6.04% over the course of the past month, underperforming the Business Services sector's loss of 5.22% and the S&P 500's loss of 3.95%.
Investors will be eagerly watching for the performance of Accenture in its upcoming earnings disclosure. The company is expected to report EPS of $3.11, up 0.97% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $16.23 billion, indicating a 3.07% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.10 per share and a revenue of $66.56 billion, representing changes of +3.68% and +3.81%, respectively, from the prior year.
Any recent changes to analyst estimates for Accenture should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.98% lower. Accenture presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Accenture is at present trading with a Forward P/E ratio of 24.54. Its industry sports an average Forward P/E of 21.74, so one might conclude that Accenture is trading at a premium comparatively.
Investors should also note that ACN has a PEG ratio of 2.58 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Consulting Services industry held an average PEG ratio of 1.28.
The Consulting Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.