Earnings Calendar (23Sep24) - is Accenture worth a look?
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- CyrilDavy·09-24Buy Accenture now.LikeReport
- kslim·09-24Great article, would you like to share it?LikeReport