Why Accenture (ACN) Has A Bright Short-Term Future? - Tale of the Tape
One company that should be on your radar is Accenture plc ( ACN ). The stock of this information technology service provider has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For ACN's full year estimate, we have seen 14 estimates go higher in the past 30 days, compared to none lower. This trend has helped the consensus estimate to trend higher, going from $4.47 a share a month ago to its current level at $4.50.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, ACN has seen some pretty solid trading lately, as the company has moved higher by 0.7% in the past month.
If Accenture can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put ACN on your watch list for the future.
Other top-ranked stocks worth considering in this space include Bureau Veritas SA ( BVRDF ), Huron Consulting Group Inc. ( HURN ) and Gartner Inc. ( IT ). All these carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
ACCENTURE PLC (ACN): Free Stock Analysis Report
BUREAU VERITAS (BVRDF): Get Free Report
HURON CONSLT GP (HURN): Free Stock Analysis Report
GARTNER INC -A (IT): Free Stock Analysis Report
To read this article on Zacks.com click here.