Hold or Sell? How to Trade This Earning Season?

After most bank stocks had a rough start, both $Taiwan Semiconductor Manufacturing(TSM)$ and $Netflix(NFLX)$ fell over 5% despite significantly exceeding earnings expectations, mainly due to weak guidance from these companies. Tesla and Meta will release earnings next week.

avatarKYHBKO
2024-09-22

Earnings Calendar (23Sep24) - is Accenture worth a look?

Earnings Calendar (23Sep24) Q3/2024 has started and a few interesting earnings are coming in the coming week. This includes Micron, JBIL, Accenture, Costco and Blackberry. Let us look at Accenture. Observations about Accenture: Essentials revenue grew from $31.8 billion in 2014 to $64.1 billion in 2023.  The operating profit grew from $4.2 billion in 2014 to $8.8 billion in 2023.  Earnings per share grew from $4.52 in 2014 to $10.77 in 2023.  The gross profit over a 10-year median margin is 30.7%.  The free cash flow based on a 10-year median margin is 13.6%.  The price-earnings (P/E) ratio is 30.2, which is a tad high.   The recent news about Accenture included the delayed promotions and their foray into the AI cloud. Investing dot com has a “SELL” rating for
Earnings Calendar (23Sep24) - is Accenture worth a look?
Invest in Global Markets with Tiger Brokers!
Open App