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ACN

Accenture Historically Favors Long Play off Pre-Bell Earnings Moves

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Accenture ( ACN ) is due with its Q4 results in the pre-market today, and analysts polled by Capital IQ expect the company to report a profit of $1.46 per share on revenue of $9.0 billion.

ACN has seen positive extended-hours earnings-driven trade in 31 of the 52 quarters we've tracked here at MT Newswires, and in 24 of those upside extended-hours moves, or 77% of the time, the stock has followed that trade with a more aggressive positive run in the follow-on regular session.

Over on the other side, the performance is more mixed.

ACN has declined 21 times in the extended-hours following an earnings event. Within these 21 downside moves, 10 times the stock has posted a wider move into the red in next-day regular session trade, and in the other 11 trades the negative extended hours move reversed the following day. With this as a data backdrop, longs should be watching for where potential floor levels develop in today's early trade.

Here's the history:

On June 22, 2017, ACN declined 3.3% in pre-bell trade after meeting Q3 EPS expectations, beating on sales and lifting its earnings outlook. The stock moved lower in the follow-on regular session, closing down 3.9%.

On March 23, 2017, ACN shed 3% in pre-market trade after beating Q2 EPS estimates, coming in shy on revenue and narrowing its FY 2017 outlook. The stock headed further south in that day's regular session, closing down 4.5%.

On Dec. 21, 2016, ACN declined 4.5% in pre-bell trade after missing Q1 revenue estimates and cutting its earnings outlook. The stock moved lower in that day's regular session, ending down 5%.

On Sept. 29, 2016, ACN gained 3.2% in pre-market trade after topping Q4 expectations. The stock moved higher in that day's regular session, closing up 4.2%.

On June 23, 2016, ACN dipped 0.5% in pre-bell trade after meeting Q3 earnings expectations and beating on revenue. The stock narrowed its downside in the follow-on regular session, closing down 0.1%.

On March 24, 2016, ACN edged up 0.9% in pre-market trade after topping Q2 expectations and raising its outlook. The stock surged higher in that day's regular session, closing up 6.1%.

On Dec. 17, 2015, ACN declined 1.9% in pre-bell trade after the company just missed Q1 earnings estimates, beat on revenue and raised its sales outlook. The stock fell further in that day's regular session, closing down 5.3%.

On Sept. 24, 2015, ACN dropped 2.1% in pre-market trade after beating Q4 expectations and guiding its Q1 revenue view below the Street consensus.

On June 25, 2015, ACN advanced 2.3% in pre-bell trade after topping Q3 expectations and boosting its guidance. The stock cut its upside in the follow-on regular session, ending up 1.75%.

On March 26, 2015, ACN gained 3.2% in pre-market trade after topping Q2 Street estimates. The stock launched higher the next day, closing the March 27 regular session up 6.7%.

On Dec. 18, 2014, ACN advanced 3.4% in pre-bell action after beating Q1 expectations and raising its full year revenue growth view. The stock added to its upside in that day's regular session, closing with a 5.2% gain.

On Sept. 24, 2014, ACN declined 2.3% in pre-market trade after posting Q4 earnings results below expectations and setting disappointing guidance. The stock cut its declines in the regular session, firming to a 0.7% gain by the closing bell.

On June 26, 2014, ACN edged up 0.5% in pre-bell trade after topping Q3 expectations. The stock reversed direction in that day's regular session, ending down 1.8%.

On March 27, 2014, ACN declined 3.5% in pre-market trade after reporting Q2 results shy of expectations and in-line guidance. The stock added to its downside in that day's regular session, ending off 5%.

On Dec. 19, 2013, ACN advanced 2.6% in pre-bell trade after topping Q1 expectations and raising its full year view. The stock jumped higher in that day's regular session, closing with a 5.1% gain.

On Sept. 26, 2013, ACN declined 3.9% in evening trade after coming in shy of Q4 earnings estimates and setting mixed guidance. The stock narrowed its slide the following day, ending the Sept. 27 regular session off 2.3%.

On June 27, 2013, ACN slumped 6.7% in night trade after missing Q3 revenue expectations and setting its outlook below the Street view. The stock added to its downside the next day, closing the June 28 regular session off 10.3%.

On March 28, 2013, ACN declined 1.5% in pre-bell trade after beating Q2 expectations and announcing the resignation of its CFO. The stock reversed direction in the follow-on regular session, ending up 1.4%.

On Dec. 19, 2012, ACN dropped 4.8% in after-hours trade after beating on Q1 earnings, meeting on revenue, and raising its FY 2013 earnings range. The stock cut its losses in the following day's regular session, ending down 1.9% on Dec. 20.

On Sept. 27, 2012, ACN gained 3.6% in night trade on a Q4 revenue beat and in-line earnings and guidance. The stock jumped higher the next day, closing the Sept. 28 regular session up 7.1%.

On June 28, 2012, ACN advanced 3.1% in after-hours trade after topping quarterly expectations. The stock firmed higher the next day, closing the June 29 regular session up 6.1%.

On March 22, 2012, ACN gained 1.4% in evening trade after beating Q2 estimates and raising its outlook. The stock added modestly to its gains the next day, closing the March 23 regular session up 2.1%.

On Dec. 15, 2011, ACN declined 2% in evening trade despite beating Q1 estimates. The stock recorded additional declines the next day, closing the Dec. 16 regular session off 3.5%.

On Sept. 27, 2011, ACN advanced 4% in night trade after reporting better-than-expected results and guidance. The stock lost the bulk of its gains the next day, closing the Sept. 28 regular session up 0.2%.

On June 23, 2011, the stock rose 2.1% after a Q3 earnings beat. Shares rose a nearly identical but slightly firmer 2.4% during regular trading the next day.

On March 24, 2011, ACN advanced 5.2% in night trade on the back of a Q2 beat and guidance mostly above the Street view. The shares saw some of the evening upside scale back in the following day's regular session, ending up 4.5% on March 25.

On Dec. 16, 2010, ACN gained 2% in after-hours trade after topping Q1 estimates and raising its FY EPS view above Street expectations. The stock leaped higher the following day, closing the Dec. 17 regular session up 7.8%.

On Sept. 30, 2010, ACN gained 3.4% in evening trade after reporting better-than-expected results and guidance. The stock added to its upside the next day, closing the Oct. 1 regular session up 4.4%.

On June 24, 2010, ACN advanced 1.8% in after-hours action after topping Q3 estimates and setting its Q4 revenue guidance in line to lower than the Street view. The stock added to its upside the next day, gaining 7.9% by the June 25 regular session close.

On March 25, 2010, ACN slipped 1.5% in after-hours action after reporting mostly in-line results and guidance. The stock reversed direction the following day, closing up 2.1%.

On Dec. 17, 2009, ACN declined 2.4% in after-hours trade after the company posted disappointing revenue results and guidance. The stock cut its downside the following day, ending the Dec. 18 regular session off 0.7%.

On Oct. 1, 2009, ACN declined 1.8% in after-hours trade after meeting Q4 expectations and issuing guidance that was mostly below Street estimates. The stock reversed course the following day, and ACN ended the Oct. 2 regular session up 2.6%.

On June 25, 2009, ACN advanced 4.3% in evening trade after beating earnings expectations and issuing mixed guidance. The stock added to its gains the following day, ending the June 26 regular session up 6.5%.

On March 26, 2009, ACN declined 9.4% in after-hours trade after the company missed Q2 revenue expectations and revised its guidance lower. The stock added to its downside the next day, closing the March 27 regular session down 13.4%.

On Dec. 18, 2008, ACN advanced 2% in after-hours trade after the company beat Q1 expectations and set lower guidance. The stock charged higher the following day, rising 6% by the Dec. 19 closing bell.

On Sept. 25, 2008, ACN advanced 1.5% in evening trade after beating earnings expectations and setting its guidance in-line to above the Street view. The stock jumped higher in the Sept. 26 regular session, closing with a 6.4% gain.

On June 26, 2008, ACN gained 1.9% in evening trade after beating expectations and guiding above the Street view. The stock surged higher the next day, rising 6.4% by the regular session close on June 27.

On March 27, 2008, ACN advanced 4.6% in after-hours trade after the company topped Q2 estimates and set guidance above the Street view. Its gain evaporated the next day as ACN closed the March 28 regular session down 0.3%.

On Dec. 19, 2007, the stock gained 4.2% during evening trading after ACN reported above the Street with earnings and guidance. The gain improved to 6.5% the next day.

On Sept. 27, 2007, ACN gained 1.3% in the evening session after the company tops with Q4 results and guides for Q1 revs to beat. The gain picked up to 5.8% by the close of regular trading.

On June 28, 2007, ACN advanced 1.5% in after-hours trade after the company reported better-than-expected Q3 revenue and raised its forward earnings guidance. It lost the bulk of that gain in the June 29 regular session, ending the day up a mere 0.1%.

On March 27, 2007, ACN advanced 2.1% in night trade after the company beat with Q2 results and raised its outlook. It continued its run higher the next day, gaining 3.7% by the March 28 regular session close.

On Dec. 20, 2006, ACN advanced 2.6% in after-hours trade after the company topped Q1 expectations and set guidance above the Street view. The stock added to its gains in the Dec. 21 regular session, rising 4.5% by the close.

On Sept. 28, 2006, ACN stumbled 2% in after-hours trade after the company beat Q4 expectations but also set guidance that could miss the analyst view. The downside was cut back on Sept. 29, with ACN ultimately squeaking into the green with a 0.3% rise by the regular session closing bell.

On June 29, 2006, ACN rose 3.5% in after-hours trade when the company topped Q3 earnings estimates. The shares lost some steam though and closed the next day?s regular session up only 0.7%.

On March 28, 2006, shares fell 6.6% in night trading after the company beat the Street with quarterly results but guided for full year in line to below the Street's view. The loss was minimized only slightly the next day when shares fell 5.8%.

On January 5, 2006, ACN rose 2.6% in evening trade after topping Q1 expectations and issuing solid guidance. The shares rose further the next day, ending the regular session up 4.9%.

On Oct. 6, 2005 ACN advanced 2.2% in night trade after the company beat estimates and guided in-line. The stock added to its upside momentum on Oct. 7, rising 5.6% by the closing bell.

On July 7, 2005 ACN jumped 5.4% in night trade after reporting results up over year ago levels and guiding mostly in line. Buyers swelled the issue even higher on July 8, goosing it 9% by the closing bell.

On April 7, 2005 ACN slipped 1.6% after the company beat expectations and guided in line. It lost a deeper 4.7% in the April 8 regular session.

On Jan. 6, 2005 ACN advanced 2.8% in after-hours trade following better-than-expected results and guidance that called for meeting or beating the then-current Street estimates. The stock jumped 4.6% by the close on Jan. 7.

On Oct. 13, 2004 ACN shares declined 8.6% in pre-market trade after the company beat expectations but guided lower. It added to its downside between the bells, losing 9.9% by the Oct. 13 close.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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