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.
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