Accenture: Valuation Has Already Priced In The Near-Term Upside (Rating Upgrade)
My view on Accenture has shifted from a sell to a hold rating due to improved demand outlook and better macroeconomic conditions. The improved macro environment and strong demand for AI and digital transformation investments suggest Accenture will easily achieve its FY25 guidance. Despite the positive outlook, Accenture's current valuation at 27.5x forward PE leaves no room for error, justifying my hold rating.
Final Trades: Meta, Accenture, Abbvie and Disney
The Investment Committee give you their top stocks to watch for the second half.
Accenture: AI Leadership Can Send Shares To A New All-Time High
Accenture's latest quarterly earnings beat expectations. The company is seeing strong demand for its artificial intelligence consulting services and industry specific solutions. A positive growth outlook should support more upside for the stock.
Watch These Accenture Stock Price Levels After Post-Earnings Jump
Accenture (ACN) shares could remain on watchlists Friday after jumping more than 5% Thursday following a better-than-expected earnings report and outlook from the management consultancy giant.
Accenture's Q4 Earnings & Revenues Beat Estimates, Increase Y/Y
ACN's fourth-quarter fiscal 2024 earnings and revenues increase year over year.
Accenture Q4: Early Recovery In IT Consulting Market
I remain bullish on Accenture plc stock due to their strong AI and cloud capabilities, with a one-year target price of $410 per share. Accenture's Consulting business shows early recovery signs, with 3% constant revenue growth, benefiting from potential interest rate cuts and increased AI demand. Accenture's restructuring towards AI and cloud computing is crucial for long-term growth, despite near-term margin compression from headcount increases in data and AI areas.
Accenture plc (ACN) Q4 2024 Earnings Call Transcript
Accenture plc (NYSE:ACN ) Q4 2024 Earnings Conference Call September 26, 2024 8:00 AM ET Company Participants Katie O'Conor - Managing Director, Head of IR Julie Sweet - Chair & CEO KC McClure - Current CFO Angie Park - Incoming CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Jason Kupferberg - Bank of America Keith Bachman - BMO Bryan Keane - Deutsche Bank Dan Dolev - Mizuho Jim Schneider - Goldman Sachs Bryan Bergin - TD Cowen Operator Thank you for standing-by. Welcome to Accenture's Fourth Quarter Fiscal 2024 Earnings Call.
Accenture CEO on Q4 beat: Our early leadership in generative AI is expanding
Accenture chair and CEO Julie Sweet joins CNBC's 'Squawk on the Street' to discuss the company's fourth quarter earnings beat, the value of AI for its future, and more.
Accenture (ACN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Accenture (ACN) give a sense of how the business performed in the quarter ended August 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Accenture Stock Jumps as New Generative AI Bookings Power Results
Accenture (ACN) shares surged Thursday when the business management consultant reported better-than-expected revenue and gave solid guidance as it boosted bookings on higher demand for generative artificial intelligence (Gen AI) services. The company also increased its dividend and stock buyback program.
ACN Earnings Rally, LUV Soars, RCL & NCLH Cruise on Price Target Hikes
The trading day opened strong off a big beat for Micron's (MU) earnings, the chip stock wasn't alone in finding success. Accenture (ACN) rallied off its earnings, as did Southwest Airlines (LUV) after raising its revenue forecast.
Accenture (ACN) Surpasses Q4 Earnings and Revenue Estimates
Accenture (ACN) came out with quarterly earnings of $2.79 per share, beating the Zacks Consensus Estimate of $2.77 per share. This compares to earnings of $2.71 per share a year ago.
