Accenture Shares Dip 2.6% After 10.7% Monthly Slide Ahead of Q1 Results
Accenture shares fell 2.62% to $209.36, trailing the S&P 500’s 0.83% gain and sliding 10.65% over the past month versus a 3.51% sector drop. Analysts forecast Q1 EPS of $2.87 on $17.74 billion in revenue and full-year EPS of $13.87 on $73.9 billion in sales.
1. Recent Stock Performance
Accenture closed at $209.36 on March 9, down 2.62% from the prior day’s close, underperforming the S&P 500’s 0.83% gain. Over the past month, shares have declined 10.65%, compared with a 3.51% drop in the Computer and Technology sector.
2. Q1 Expectations
The company is scheduled to report first-quarter results on March 19, with consensus estimates calling for EPS of $2.87, a 1.8% increase year-over-year, on revenue of $17.74 billion, up 6.5%.
3. Full-Year Forecasts
Full-year projections stand at earnings of $13.87 per share, up 7.3%, and revenue of $73.9 billion, up 6.1% from the prior fiscal year.
4. Valuation Metrics
Accenture carries a forward P/E ratio of 15.5, above the sector average of 14.4, and a PEG ratio of 2.07 versus the industry average of 1.24.