Why Accenture Stock Popped a Lucky 7% on Thursday

At 20 times free cash flow, Accenture stock looks bargain-priced.IT consulting giant Accenture (ACN 6.71%) surged 7% through noon ET on Thursday despite missing its fiscal third-quarter 2024 earnings by a whisker.Heading into earnings, analysts forecast Accenture would earn $3.15 per share (adjusted for one-time items) on just over$16.5 billion in sales. The company actually earned only $3.13 per share, and its sales came in short at$16.5 billion. Earnings as calculated according to generally accepted acc ...