Accenture plc (ACN)
345.03 USD -35.41 (-9.31%) Volume: 9.57M
Accenture plc’s stock price stands at 345.03 USD, a significant drop of -9.31% this trading session with a high trading volume of 9.57M, reflecting a year-to-date percentage change of -1.68%. Discover the factors influencing ACN’s market performance.
Latest developments on Accenture plc
Accenture Plc Cl A stock has experienced significant price fluctuations recently. This comes after a series of events, including a forecast of lower Q2 earnings, and Wall Street’s recent forecast changes. The company’s stock saw its biggest selloff in a decade after a disappointing earnings outlook, which resulted in a dip in the stock price. Furthermore, Accenture’s lowered fiscal year revenue guidance led to the stock tumbling. Notably, the firm’s stock holdings were reduced by Cornerstone Wealth Management LLC. Despite these challenges, Accenture stock has shown resilience, outperforming competitors on strong trading days, and even rising on a recent Wednesday. Guggenheim’s bullish stance on Accenture stock, highlighting strategic investments, also adds optimism to the market sentiment.
Accenture plc on Smartkarma
According to Baptista Research, an independent investment research provider on Smartkarma, Accenture Plc Cl A has been receiving positive coverage from analysts. In their report, “Accenture plc: Can Its Acquisitions Help In Transforming Global Market Dynamics? – Major Drivers”, the provider highlights how Accenture has exceeded analyst expectations in terms of revenue and earnings. The company’s recent quarterly results showed a 12% growth in local currency, with revenues reaching $16.2 billion. Despite challenges in discretionary spending, Accenture’s market share continues to expand. The report also includes a fundamental analysis of the company’s financial statements.
In another report by Baptista Research, “Accenture plc: Can The Latest Investments In AI”, the provider discusses how Accenture’s most recent results were a mixed bag, with revenues falling short of Wall Street expectations but earnings exceeding them. The company’s investments in AI have been a major driver of its success, with a roster of 300 Diamond clients and opportunities in cloud migration, modern ERP, data and AI, and the emerging Gen AI space. This, along with the trust placed in Accenture’s services by its clients, positions the company for further growth and success in the future.
A look at Accenture plc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
The long-term outlook for Accenture Plc Cl A looks promising, according to the Smartkarma Smart Scores. The company has received an overall score of 4 out of 5, indicating a strong performance across multiple factors.
Accenture Plc Cl A provides management and technology consulting services and solutions to clients worldwide. With a score of 4 in both Growth and Resilience, the company is expected to continue expanding and thriving in the long run. Additionally, with a score of 3 in both Value and Dividend, Accenture Plc Cl A offers investors a solid return on their investment. The company’s strong momentum, with a score of 4, further solidifies its potential for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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