Accenture Earnings Shock: Why My Pessimism Didn’t Pay Off (Rating Upgrade)


  • Accenture plc delivered strong results with a 22% increase in new bookings, surprising investors.
  • Despite a high valuation at 23x next year’s EPS, Accenture’s solid balance sheet and shareholder returns make it an attractive investment.
  • The company’s growth prospects, industry expertise, and commitment to innovation justify the premium valuation and support a bullish outlook.

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Investment Thesis

Accenture plc (NYSE:ACN) delivered exceptionally strong Q3 2024 results, with new bookings increasing by 22% y/y, marking the highest growth in new bookings over the past two fiscal years.

Before these results, I had

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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