Accenture plc (NYSE: ACN) provides strategy and consulting, industry X, song, and technology and operation services in North America, Europe, the Middle East, Africa, and internationally. It offers systems integration and application management; security; intelligent platform; infrastructure; software engineering; data and AI; and automation services. The company also operates business processes; and designs, manufactures, and assembles automation equipment, robotics, and other commercial hardware products. It serves communications, media, and technology; banking and capital markets, and insurance; health and public service; consumer goods, retail, travel services; industrial; life science; chemicals, natural resources, energy, and utilities sectors. The company was founded in 1951 and is based in Dublin, Ireland.
Company Overview
- Market Cap: 225.823 Billion
- PE Ratio: 31.53
- EPS: 11.44
- Dividend Yield: 1.64%
Accenture currently has an average brokerage recommendation (ABR) of 1.70, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 27 brokerage firms. An ABR of 1.70 approximates between Strong Buy and Buy. Of the 27 recommendations that derive the current ABR, 17 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 63% and 3.7% of all recommendations.
Looking at the earnings estimate revisions for Accenture, the Zacks Consensus Estimate for the current year has increased 1.6% over the past month to $12.75. Analysts’ growing optimism over the company’s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Accenture.
Therefore, ACN is the best consulting and professional services stock to own for long-tern investors.