Accenture

Accenture staged a strong recovery today, closing up roughly 5% after a sharp gap-down open triggered by IBM's earnings warning. The selloff reversed quickly as the company posted solid Q3 results: revenue of $18.72B (+5.6% YoY) and net income of $2.34B (+6.4% YoY). The stock rallied from an intraday low of $135.645 to a high of $143.900, a swing of over 6%. Despite the rebound, the stock remains well below its 20-day ($134.10) and 60-day ($162.66) moving averages, and is down over 50% from its 52-week high of $291.09, though the PE of 12.2x reflects compressed valuation.

Accenture fell 3.0% in regular trading to close at $134.53, driven by IBM's preliminary Q2 earnings warning that missed expectations, sending its stock down 24% and dragging down the IT services sector. The stock opened lower at $132.40, touched an intraday low of $131.14, rebounded to a high of $137.67, then settled at $134.53. It edged up to $134.65 in post-market trading. The company's fundamentals remain solid: Q3 FY2026 revenue grew 5.59% YoY to $18.718B, net profit rose 6.44% to $2.339B, and EPS increased 9.01% to $3.8031. However, the price position reflects significant pressure: the stock is down 53.78% from its 52-week high of $291.09, down 48.25% YTD, and trading below its 60-day moving average of $164.52.

Accenture (ACN.US) staged a single-session rally during regular trading, closing at $143.81 by 13:02 ET, up 5.0% from the prior close of $136.96, driven by its partnership with Google Cloud to launch agentic AI solutions for mid-market firms. Q3 revenue of $18.718 billion (+5.6% YoY) and net income of $2.339 billion (+6.4% YoY) were supported by solid fundamentals. However, the stock still trades 53.3% below its 52-week high of $307.77 (07/08/2025), below both the 20-day MA ($145.26) and 60-day MA ($168.97), with a YTD decline of 44.7%, indicating lingering bearish momentum.

Accenture staged a strong intraday rally on July 2, climbing steadily from a pre-market level around $132 to close at $137.69, up roughly 5.0%, driven by Microsoft's $2.5 billion AI venture launch lifting sector sentiment, alongside company-specific AI advancements (hiring former StanChart AI chief, partnering with ServiceNow on security services). Q3 earnings showed revenue of $18.718 billion (+5.59% YoY) and EPS of $3.80 (+9.01% YoY), with net margin improving to 12.5%, yet the stock remains far below its 52-week high of $307.77 (-55.26%) and MA20 ($149.1), with YTD losses of 47.03%. However, post-market trading saw the stock slide back to $131.15, suggesting caution on the rebound's sustainability.