Here's Why Accenture (ACN) Fell More Than Broader Market
π ACN shares fell 1.94% to close at $189.64, lagging the S&P 500's 0.45% loss and underperforming the broader market.
π Despite the daily decline, the stock has rallied 11.84% over the past month, significantly outpacing the Computer and Technology sector.
π Investors are awaiting the upcoming earnings disclosure on October 1, 2026, with consensus EPS estimates of $3.19.
π° Analysts project quarterly revenue of $18.01 billion, representing a 2.36% increase from the year-ago period.
π Full-year fiscal projections indicate earnings of $13.86 per share and revenue of $73.54 billion, up roughly 7.2% and 5.6% respectively.
π΅ The company trades at a forward P/E ratio of 13.19, which is below the industry average of 14, suggesting a valuation discount.
π Recent Zacks Consensus EPS estimates have decreased by 0.03%, keeping the stock at a Zacks Rank of #3 (Hold).
π ACN operates within the Computers - IT Services industry, which currently holds a Zacks Industry Rank of 151.
- The stock has gained 11.84% over the past month, significantly outperforming the Computer and Technology sector's loss of 1.9%.
- Accenture is trading at a forward P/E ratio of 13.19, which is lower than the industry average of 14, indicating a potential valuation discount.
- Analyst consensus estimates project quarterly EPS of $3.19 and revenue of $18.01 billion, reflecting expected growth in profitability and top-line sales.
- The stock declined 1.94% today, underperforming the S&P 500 which fell only 0.45%.
- Recent Zacks Consensus EPS estimates have decreased by 0.03%, contributing to a neutral Hold rating from analysts.