Accenture Shares Drop 2.21% After 28.33% One-Month Slide
Accenture shares fell 2.21% to $196.73 after a 28.33% one-month slide, underperforming the Computer & Technology sector’s 3.23% loss. The firm’s March 19 earnings call forecasts Q1 EPS of $2.87 (+1.77% YoY) on $17.74B revenue (+6.51%).
1. Recent Stock Performance
Accenture shares declined 2.21% to $196.73 in the latest session, trailing the S&P 500’s 0.77% gain. The stock has slid 28.33% over the past month, compared with a 3.23% drop in the Computer & Technology sector and a 0.98% loss for the S&P 500.
2. Upcoming Earnings Forecast
The company schedules its fiscal Q1 earnings release on March 19, projecting EPS of $2.87, a 1.77% year-over-year rise, on revenue of $17.74 billion, up 6.51% from the prior-year quarter.
3. Valuation and Analyst Estimates
Accenture trades at a forward P/E of 14.51, above the Computers & IT Services industry average of 12.41, and carries a PEG ratio of 1.94 versus the industry’s 1.21. Full-year consensus estimates call for EPS of $13.87 (+7.27%) and revenue of $73.9 billion (+6.07%).