From Nasdaq: 2024-05-03 18:00:04

Accenture (ACN) closed at $303.71, showing a +1.12% change from the previous session. The stock underperformed the S&P 500, Dow, and Nasdaq on the same day. Shares had dropped 9.12% over the last month, below the Business Services sector and S&P 500 losses.

Investors await Accenture’s earnings report, with expectations of $3.14 per share, a 1.57% decrease year-over-year. Revenue is forecasted at $16.57 billion, up 0.01% from the same quarter last year. Full-year estimates predict earnings of $12.09 per share and revenue of $65.31 billion, representing increases of +3.6% and +1.87%, respectively.

Analyst estimate changes impact stock performance, with the Zacks Rank system reflecting the optimism or pessimism around a company. ACN currently has a Zacks Rank of #4 (Sell), with a 0.02% decrease in EPS estimates over the past month. This affects future stock performance.

Accenture’s current Forward P/E ratio is 24.83, pricier than the industry average of 24.03. With a PEG ratio of 2.85, indicating expected earnings growth, ACN falls short compared to the Consulting Services industry average. The Zacks Industry Rank places Consulting Services in the top 26%, showing solid performance within the Business Services sector.

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Read more at Nasdaq: Accenture (ACN) Rises But Trails Market: What Investors Should Know