MomentumPython1337
:
i think it's a mixed bag. most likely market is reacting to mention of genAI, but their EPS and revenue guidance for rest of yhe year is a downward revision from estimates.
The company expects annual revenue to grow between 1.5% and 2.5%, compared with analysts' expectations of 1.6%, according to LSEG data
sure if market interprets this as doing better than expected despite the terrible macro conditions where all the professional services firms are struggling, then maybe we can see a reversal moving forward. but i wouldn't jump in excitedly as if all of ACN's troubles magically disappeared
101782720
OP
MomentumPython1337
:
Right! Earnings will be better next season! Maybe the stock price is undervalued! I think it will increase by 15% -25%!
MomentumPython1337
101782720
OP
:
it's definitely undervalued imo, but buying now might be catching a falling knife. i prefer to wait until price is going up in bullish trend before committing
MomentumPython1337 : i think it's a mixed bag. most likely market is reacting to mention of genAI, but their EPS and revenue guidance for rest of yhe year is a downward revision from estimates.
The company expects annual revenue to grow between 1.5% and 2.5%, compared with analysts' expectations of 1.6%, according to LSEG data
sure if market interprets this as doing better than expected despite the terrible macro conditions where all the professional services firms are struggling, then maybe we can see a reversal moving forward. but i wouldn't jump in excitedly as if all of ACN's troubles magically disappeared
101782720 OP MomentumPython1337 : Right! Earnings will be better next season! Maybe the stock price is undervalued! I think it will increase by 15% -25%!
MomentumPython1337 101782720 OP : it's definitely undervalued imo, but buying now might be catching a falling knife. i prefer to wait until price is going up in bullish trend before committing
101782720 OP MomentumPython1337 : Hmm! Check it out first!