Accenture(US:ACN) ZACKSยท2024-10-29 23:06Company Performance - Accenture's stock closed at $363.04, reflecting a +0.48% change from the previous day, outperforming the S&P 500's gain of 0.16% [1] - The stock has increased by 2.22% over the past month, surpassing the Computer and Technology sector's gain of 1.87% and the S&P 500's gain of 1.67% [1] Upcoming Earnings - Accenture is expected to report an EPS of $3.39, indicating a 3.67% increase year-over-year, with projected revenue of $17.21 billion, a 6.09% rise from the same quarter last year [2] - For the annual period, earnings are anticipated to be $12.77 per share and revenue at $69.02 billion, reflecting increases of +6.86% and +6.36% respectively from the previous year [3] Analyst Estimates and Rankings - Recent changes in analyst estimates for Accenture are seen as indicators of the company's business outlook, with positive revisions suggesting optimism [3] - Accenture currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate having increased by 0.04% over the past month [5] Valuation Metrics - Accenture has a Forward P/E ratio of 28.29, which is higher than the industry average of 28.21, indicating it is trading at a premium [6] - The company has a PEG ratio of 3.16, compared to the industry average PEG ratio of 2.8, suggesting a higher expected earnings growth rate relative to its price [6] Industry Context - The Computers - IT Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 47, placing it in the top 19% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]