Earnings Calendar (23Sep24) - is Accenture worth a look?

KYHBKO
09-22

Earnings Calendar (23Sep24)

Q3/2024 has started and a few interesting earnings are coming in the coming week. This includes Micron, JBIL, Accenture, Costco and Blackberry.

Let us look at Accenture.

Observations about Accenture:

  • Essentials revenue grew from $31.8 billion in 2014 to $64.1 billion in 2023. 

  • The operating profit grew from $4.2 billion in 2014 to $8.8 billion in 2023. 

  • Earnings per share grew from $4.52 in 2014 to $10.77 in 2023. 

  • The gross profit over a 10-year median margin is 30.7%. 

  • The free cash flow based on a 10-year median margin is 13.6%. 

  • The price-earnings (P/E) ratio is 30.2, which is a tad high.  

The recent news about Accenture included the delayed promotions and their foray into the AI cloud.

Investing dot com has a “SELL” rating for Technical Analysts. The Analysts sentiment has a “BUY” rating with a price target of $354.64, an upside of 5.48%.

The forecast of Accenture’s EPS and Revenue are $2.78 and $16.35 Billion respectively.

Accenture has a good track record and I prefer to monitor the business for now.

@TigerStars

$Accenture PLC(ACN)$

$Costco(COST)$

Hold or Sell? How to Trade This Earning Season?
After most bank stocks had a rough start, both $Taiwan Semiconductor Manufacturing(TSM)$ and $Netflix(NFLX)$ fell over 5% despite significantly exceeding earnings expectations, mainly due to weak guidance from these companies. Tesla and Meta will release earnings next week.
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Comments

  • CyrilDavy
    09-24
    CyrilDavy
    Buy Accenture now.
  • kslim
    09-24
    kslim
    Great article, would you like to share it?
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