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Accenture Plc Class AAccenture Plc Class AAccenture Plc Class A

Accenture Plc Class A

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Accenture Faces Headwinds as Fiscal-Year Revenue Guidance FallsAs the Dublin-based global tech services and consulting firm grapples with shifting tides, its recent fiscal second-quarter earnings report has left investors on edge. Despite beating estimates, Accenture's decision to revise its full fiscal year revenue outlook downwards has sent shockwaves through the market, prompting a sharp decline in Accenture ( NYSE:ACN ) stock. Navigating Turbulent Waters: Accenture's fiscal second-quarter earnings, though impressive on the surface, reveal underlying challenges. While adjusted earnings per share stood at $2.77, representing a modest 3% decrease, revenue, bolstered by acquisitions, rose by 5% to $15.8 billion. However, it's the company's revised full-year revenue growth forecast, now pegged at 1% to 3%, that has investors concerned, marking a significant deviation from the earlier projection of 2% to 5% growth. Accenture's Struggle: Consulting Conundrum One area of concern highlighted by analysts is the apparent weakness in Accenture's consulting segment. Despite the company's ongoing efforts to diversify its portfolio and expand into burgeoning sectors like digital marketing, cloud computing, and artificial intelligence (AI), challenges in the consulting realm persist. However, amidst the gloom, there's a glimmer of hope as demand for AI projects continues to surge, with fiscal Q2 bookings witnessing a remarkable 50% quarter-over-quarter increase, reaching $600 million. Investor Sentiment and Strategic Moves: The market's response to Accenture's ( NYSE:ACN ) earnings report was swift and decisive, with shares plummeting by 5.9% to near 357.99. But shortly after the stock surged to about $380 per share price. This sharp decline signals a departure from the stock's earlier trajectory, which had seen an 8% increase in 2024. Looking ahead, analysts remain cautious, with revenue projections for the third fiscal quarter falling short of expectations. Despite the headwinds, Accenture ( NYSE:ACN ) remains proactive in its approach, bolstering investor confidence through strategic initiatives. In 2023, the company demonstrated its commitment to shareholders by hiking its quarterly dividend and expanding its stock buyback program. Moreover, Accenture's relentless pursuit of acquisitions underscores its determination to stay at the forefront of innovation, particularly in key growth areas like AI and digital marketing.
NYSE:ACNLong
by DEXWireNews
ACCENTURE Neutral within the 1D MA50 and MA200. Trade carefully.Accenture (ACN) has been rising within a Channel Up pattern since the March 15 bottom but recently entered a corrective wave to form the new Higher Low. This is in the form of a Channel Down pattern that heavily rejected the price yesterday on the 1D MA50 (blue trend-line). This rejection is dangerous as it turned the 1D MACD from a Bullish into a Bearish Cross in a matter of 4 days. If the 1D MA200 (orange trend-line) holds, we will buy when the price breaks above the Channel Down and target 345.00 (almost the April 05 2022 High). If it closes a 1D candle below Support 1 (294.50) and the 1D MA200 (orange trend-line), we will take the loss and sell, targeting 281.50 (symmetrical -10.80% decline). ------------------------------------------------------------------------------- ** Please LIKE ๐Ÿ‘, FOLLOW โœ…, SHARE ๐Ÿ™Œ and COMMENT โœ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡
NYSE:ACN
by TradingShot
1
ACN Accenture plc Options Ahead of EarningsIf you haven`t sold ACN here: Then analyzing the options chain and the chart patterns of ACN Accenture plc prior to the earnings report this week, I would consider purchasing the 315.50usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $9.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:ACNLong
by TopgOptions
Accenture tumbling down the hill. ACNI believe that there is a WXY formation here in the early phases. We are onto Wave X. W=Fibtime 1.0 of Wave A, while we observe a running flat, classical for W,X,Y. Clearly confirmed pivot on the C of W wave impulse, thus expecting a downward zigzag now equal to or less than 1.0 fibtime of W. Yes, we are fans of "Mastering the Elliott Wave." Go have a read if you have no idea what we are talking about here. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:ACNShort
by Rykin_Capital
ACN | InformativeNYSE:ACN Technical Analysis for ACN: If ACN breaks above the bullish line of 293$, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the first target price (TP1) could be set at 296$, while the second target price (TP2) could be set at 304$. Conversely, if ACN breaks below the bearish line of 285$, it may suggest a bearish signal, implying potential downward price movement. In this case, the first target price (TP1) could be set at 280$, and the second target price (TP2) could be set at 270$. Fundamental Analysis for ACN: ACN is a global consulting and professional services company known for its digital, technology, and operations expertise. With a strong track record and a wide range of clients across various industries, ACN has established itself as a leader in the consulting sector. The company benefits from a global presence, a diversified portfolio of services, and a strong reputation for delivering value to its clients. ACN's financial performance, strategic partnerships, and ability to adapt to technological advancements are important factors to consider when assessing its long-term growth potential. Additionally, ACN has a proven ability to navigate and thrive in dynamic market conditions. The company's focus on digital transformation, cloud computing, and emerging technologies positions it well to capitalize on evolving industry trends. ACN's strong financial performance, including consistent revenue growth and healthy profit margins, reflects its operational efficiency and effective cost management. Furthermore, ACN's robust client relationships and long-term contracts provide stability and recurring revenue streams. The company's commitment to innovation is evident through its investments in research and development, strategic acquisitions, and partnerships with leading technology companies. This positions ACN to stay at the forefront of industry advancements and offer cutting-edge solutions to its clients.
NYSE:ACN
by shkspr
Accenture Seems LongAccenture looking Good broken a falling resistance trendline on two hour time frame and price is sustaining above that trendline and giving a breakout only I am expecting a breakout retest of falling trendline if this will happen accordingly can go long in it for the target of 279 and 287 which is looking a Resistance for price and from below we can take a stop loss of 272 closing below on two hour time frame after the execution of above mentioned idea. KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk. ๐‘๐ž๐ ๐š๐ซ๐๐ฌ-: ๐€๐ฆ๐ข๐ญ (AR)
NYSE:ACNLong
by AMIT-RAJAN
3