Accenture plc (ACN) in Focus: Stock Jumps 6.8% – Tale of the Tape

March 27, 2015 Technicals 0

Zacks

Accenture plc (ACN) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The upside came after the company reported upbeat second-quarter fiscal 2015 results with both earnings and revenues increasing year over year. The company also announced a year-over-year increase in dividends and a raised outlook for full-year revenue growth. The news led to far more shares changing hands than in a normal session resulting in solid volume. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $86.86 to $92.05 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of 1 increase and 3 decreases over the past one month, while the Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Accenture currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the same industry is CBIZ, Inc. (CBZ), carrying a Zacks Rank #1 (Strong Buy).

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