Accenture Stock Rides A 10-Day Winning Streak To A 25% Gain
Shares of Accenture (ACN) have closed higher in each of the last 10 sessions, a cumulative gain of 24.6%. That added about $28.4 billion to the company’s market value, which now stands at about $143.8 billion. The stock closed at $239.12 on Tuesday, October 20, 14.7% below its 52-week high of $280.46 and 96.0% above its low of $121.98.
The Streak Next To The S&P 500
Returns for ACN and the S&P 500 over the streak and the periods around it, all ending Tuesday, October 20 and including dividends:
| Return Period | ACN | S&P 500 |
|---|---|---|
| 1 Day | 0.9% | 0.3% |
| 10 Days (Current Streak) | 24.6% | -1.3% |
| 1 Month (21 Trading Days) | 29.5% | -0.6% |
| 3 Months (63 Trading Days) | 72.1% | 3.1% |
| Year To Date | -7.8% | 13.7% |
| 1 Year (252 Trading Days) | 3.8% | 17.1% |
How The Streak Compares With The Market
Over the same 10 trading days, the S&P 500 returned -1.3% including dividends, so the run is mostly Accenture’s own story rather than the market’s. 1 other S&P 500 stock is currently on winning streaks of 10 days or longer. Over the past three months the stock is up 72.1%, a window that includes the streak; over the other 53 sessions of that window it was up 38.1%.
What The Numbers Say About The Rally
On the fundamentals, revenue grew 6.5% over the last twelve months, against a median of 17.9% for S&P 500 Information Technology stocks; its operating margin is 15.8%, versus a median of 21.6%; and the stock trades at 17.2 times trailing earnings against a median of 34.4. The read is mixed: a multiple below the median on one side, revenue growth below the median and margins below the median on the other.
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