Accenture (ACN, $396.36) beats fiscal Q1 earnings expectations
Accenture posted its fiscal first-quarter earnings and revenue that exceeded analysts’ expectations. The company boosted its full-year fiscal 2022 guidance.
The IT services company’s adjusted earnings for the quarter ended Nov. 30 climbed +20% from the year-ago quarter to $2.78, compared to analysts’ estimate of $2.64 a share.
Including acquisitions, Accenture revenue increased +27% year-over-year to $14.97 billion, higher than analysts’ estimates of $14.22 billion.
For its fiscal second quarter, Accenture expects revenue in the range of $14.30 billion to $14.75 billion. Analysts had expected $14.12 billion.
Looking further ahead, the company projects full-year revenue in the range of 19% to 22% growth, up from prior forecast of 12% to 15% growth. It also boosted its earnings expectation to a range of $10.32 to $10.60, up from previous expectation of $9.90 to $10.18.
ACN sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for ACN moved above the 200-day moving average on May 26, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 16, 2023. You may want to consider a long position or call options on ACN as a result. In of 65 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 May 15, 2023. Looking at past instances where ACN's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
ACN moved above its 50-day moving average on May 11, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ACN crossed bullishly above the 50-day moving average on May 17, 2023. 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 349 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 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 .
ACN broke above its upper Bollinger Band on May 26, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ACN entered a downward trend on May 17, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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 83, 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (8.278) is normal, around the industry mean (4.011). P/E Ratio (28.653) is within average values for comparable stocks, (47.183). ACN's Projected Growth (PEG Ratio) (3.054) is slightly higher than the industry average of (1.516). Dividend Yield (0.014) settles around the average of (0.034) among similar stocks. P/S Ratio (3.155) is also within normal values, averaging (2.726).
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Industry description
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an investment holding company with interest in providing management consulting, technology and outsourcing services
Industry InformationTechnologyServices
ACN and
Correlation & Price change
A.I.dvisor indicates that over the last year, ACN has been closely correlated with CTSH. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if ACN jumps, then CTSH could also see price increases.
| Ticker / NAME | Correlation To ACN | 1D Price Change % | ||
|---|---|---|---|---|
| ACN | 100% | +2.03% | ||
| CTSH - ACN | 68% Closely correlated | +2.52% | ||
| GLOB - ACN | 68% Closely correlated | +1.00% | ||
| BR - ACN | 67% Closely correlated | +2.85% | ||
| GIB - ACN | 66% Closely correlated | +1.56% | ||
| ASGN - ACN | 66% Closely correlated | +4.28% | ||
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