Accenture (ACN, $174.78) beats fiscal Q2 earnings estimates, and boost full-year guidance
Thanks in large part to its cloud and digital services expansion, Accenture crushed earnings estimates for its fiscal second quarter, in addition to raising its full-year outlook.
For the three months ended February, the global consulting company’s diluted earnings came in at $1.73 per share, surpassing analysts’ expectations of $1.57. The earnings-per-share was also +26.3% higher from the same quarter of the prior year. The group's gross margin increased 30 basis points to 29.2%.
Accenture’s total revenues increased +5.44% year-over-year to $10.45 billion, also exceeding analysts' estimates of $10.3 billion. The group’s digital and cloud services accounted for around 60% of its total sales.
Bookings for the quarter peaked at $11.8 billion, with $6.7 billion from consultancy and $5.1 billion from outsourcing (according to Accenture).
For the full year, the company expects its earnings per share to range between $7.18 and $7.32, up from its previous forecast of $7.01 to $7.25.
ACN in upward trend: price rose above 50-day moving average on December 06, 2024
ACN moved above its 50-day moving average on December 06, 2024 date and that indicates a change from a downward trend to an upward trend. In of 29 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ACN's RSI Indicator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on December 04, 2024. You may want to consider a long position or call options on ACN as a result. In of 72 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ACN just turned positive on December 06, 2024. Looking at past instances where ACN's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for ACN crossed bullishly above the 50-day moving average on November 14, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ACN advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where ACN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. ACN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.911) is normal, around the industry mean (27.932). P/E Ratio (31.305) is within average values for comparable stocks, (49.560). Projected Growth (PEG Ratio) (2.239) is also within normal values, averaging (1.851). Dividend Yield (0.015) settles around the average of (0.022) among similar stocks. P/S Ratio (3.510) is also within normal values, averaging (34.297).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
an investment holding company with interest in providing management consulting, technology and outsourcing services
Industry InformationTechnologyServices