<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/main/7f/211.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="635" height="400" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/main/7f/211.jpg"/></p>
<p><em>图片来源：Bigstock</em></p>
<h3><strong>关键要点</strong></h3>
<ul>
<li>埃森哲预计将于 12 月 18 日公布 2026 财年第一季度业绩，预计每股收益为 3.74 美元，收入为 186 亿美元。</li>
<li>分析师上调的每股收益预期和广泛的区域需求支撑了其预计的第一季度增长。</li>
<li>管理服务、强劲的流动性和积极的收购活动塑造了埃森哲的短期前景。</li>
</ul>
<p>埃森哲公司（ACN - 免费报告）预计将于 12 月 18 日市场开盘前公布 2026 财年第一季度业绩。</p>
<p>Zacks 共识预期每股收益为 3.74 美元，较去年同期增长 4.2%。收入共识预期为 186 亿美元，暗示同比增长 4.9%。</p>
<p>在过去 60 天内，2026 财年第一季度的两项每股收益预期被上调，没有任何下调。在此期间，Zacks 共识预期略有上升。这些上调显示了分析师的信心增强。</p>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/66/136674.jpg/query-dj0xMzE2MTM2NzMw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="279" height="171" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/66/136674.jpg/query-dj0xMzE2MTM2NzMw"/></p>
<p><em>图片来源：Zacks 投资研究</em></p>
<p>埃森哲的收益在过去四个季度中有三个超过了 Zacks 共识预期，仅有一次未达标，平均惊喜幅度为 3.2%。</p>
<h3><strong>埃森哲第四季度盈利超预期的可能性较低</strong></h3>
<p>我们的模型并未明确预测埃森哲此次会超预期盈利。正的盈利 ESP 与 Zacks 排名#1（强力买入）、#2（买入）或#3（持有）评级的组合会增加盈利超预期的可能性。但在这里并非如此。您可以通过我们的盈利 ESP 筛选器在报告前发现最佳股票。</p>
<p>埃森哲目前的盈利 ESP 为-1.53%，Zacks 排名为#3（持有）。</p>
<h3><strong>各地区高需求将成为埃森哲第一季度增长的驱动力</strong></h3>
<p>我们预计美洲的收入将增长 4.2%，达到 91 亿美元。该地区的收入预计受到银行和资本市场、工业以及软件和平台增长的推动。</p>
<p>我们估计 EMEA 地区的收入为 67 亿美元，较去年同期增长 4.6%。保险、公用事业和消费品、生命科学以及零售和旅游服务的增长预计推动了该地区的收入增长。</p>
<p>我们预计亚太地区的收入将同比增长 3.7%，达到 26 亿美元。银行和资本市场、公共服务和公用事业的改善预计推动了该地区的收入增长。</p>
<h3><strong>埃森哲与同行的股票比较</strong></h3>
<p>埃森哲的股票在过去一年中下跌了 23%，相比之下，其行业下跌了 16.7%，而 Zacks S&amp;P 500 综合指数上涨了 17.6%。该公司表现不及其行业同行，Cognizant Technology Solutions（CTSH - 免费报告）和 Genpact（G - 免费报告）分别增长了 6.4% 和 7.6%。</p>
<h3><strong>一年期股价表现</strong></h3>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/6f/136676.jpg/query-dj0xMDc1NDQ4OTI2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="596" height="316" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/6f/136676.jpg/query-dj0xMDc1NDQ4OTI2"/></p>
<p><em>图片来源：Zacks 投资研究</em></p>
<p>在过去六个月中，埃森哲的股价下跌了 12.2%，相比之下，行业下跌了 5.2%，而 Zacks S&amp;P 500 综合指数上涨了 18.7%。该股票未能超越其行业同行，Cognizant Technology Solutions 和 Genpact 分别上涨了 7.1% 和 11.6%。</p>
<p>埃森哲的市盈率为 19.23 倍，低于行业的 25.31 倍。然而，与 Cognizant Technology Solutions 和 Genpact 的市盈率分别为 15.02 倍和 12.16 倍相比，该股票的估值仍然较高。</p>
<h3><strong>市盈率 - 未来 12 个月</strong></h3>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/bf/136675.jpg/query-dj0xOTc5NzE5Njky?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="620" height="181" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/bf/136675.jpg/query-dj0xOTc5NzE5Njky"/></p>
<p><em>图片来源：Zacks 投资研究</em></p>
<h3><strong>埃森哲的投资考虑</strong></h3>
<p>埃森哲的管理服务业务因现代化和应用维护、云启用和网络安全即服务的需求增长而显著增强。在 2025 财年，该部门的收入同比增长了 9%。预计在 2026 财年第一季度，该收入将同比增长 2.3%。</p>
<p>截至 2025 年 8 月 31 日，该公司保持强劲的资产负债表，现金及现金等价物为 115 亿美元，当前债务为 1.14 亿美元。这突显了公司的强劲流动性，进一步得益于其 2025 财年的流动比率为 1.42，较前一年的 1.1 有所改善。流动比率超过 1 使得埃森哲在覆盖短期义务方面的前景非常乐观。</p>
<p>埃森哲的收购策略也令人印象深刻，因为它每年收购多家公司。在 2025 财年，该公司进行了 23 笔收购，总金额为 15 亿美元。在 11 月，该公司收购了 RANGR Data，扩展了埃森哲的工程人才和能力，增强了其为客户推动企业重塑的能力。</p>
<p>这种收购策略也带来了高整合风险的缺点。投资者可能会将其视为一个警示信号，因为高整合风险可能会妨碍长期的有机增长。埃森哲运营于一个劳动密集型和依赖外国人才的行业。该公司面临的一个主要风险是由于竞争激烈的人才市场导致的人才成本上升。人工智能的快速发展使客户能够独立提高其绩效，从而减少对埃森哲的依赖。</p>
<h3><strong>暂时持有埃森哲</strong></h3>
<p>预计埃森哲将在其地理区域内的服务中实现增长。对其管理服务业务的需求上升是推动收入增长的关键因素。强劲的现金状况和显著较低的当前债务使其流动性状况稳健，为覆盖短期义务提供了余地。</p>
<p>尽管公司的快速收购战略改善了其运营和财务状况，但整合风险很高，这可能会恶化增长，给投资者敲响警钟。由于竞争激烈的人才市场导致的人才成本上升，以及潜在客户对公司在人工智能方面的依赖不足，可能会加剧投资者的担忧。</p>
<p>我们建议投资者在此时不要购买埃森哲的股票，因为它在 12 月 18 日的财报发布前面临挑战。投资者应关注埃森哲财报发布后的股价走势，以确定合适的入场时机，因为仓促的决定可能会影响投资组合收益。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>AT&amp;T 与康卡斯特：你应该押注哪只电信股票？</p>
<p>Lululemon 的股票在强劲的第三季度业绩后会继续反弹吗？</p>
<p>博通在第四季度财报临近时是最佳芯片股票吗？</p>

埃森哲

<p>埃森哲定于 12 月 18 日公布 2026 财年第一季度业绩，预计每股收益为 3.74 美元，收入为 186 亿美元。分析师已上调每股收益预期，显示出对埃森哲增长的信心。尽管各地区需求强劲，埃森哲的股票表现却不及同行。公司保持强劲的流动性，并继续其收购战略，但整合风险和高人才成本仍然是令人担忧的问题。建议投资者在财报公布后再考虑买入</p>

<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/main/7f/211.jpg" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/main/7f/211.jpg"/></p>
<p><em>Image: Bigstock</em></p>
<div class="lb-trans"><p><em>图片来源：Bigstock</em></p>
</div><h3><strong>Key Takeaways</strong></h3>
<div class="lb-trans"><h3><strong>关键要点</strong></h3>
</div><ul>
<li>Accenture is set to report Q1 results on Dec. 18, with expected earnings of $3.74 and $18.6 billion in revenues.</li>
<li>Analysts' upward EPS revisions and broad regional demand underpin its projected Q1 growth.</li>
<li>Managed services, strong liquidity, and active acquisitions shape Accenture's near-term outlook.</li>
</ul>
<div class="lb-trans"><ul>
<li>埃森哲预计将于 12 月 18 日公布 2026 财年第一季度业绩，预计每股收益为 3.74 美元，收入为 186 亿美元。</li>
<li>分析师上调的每股收益预期和广泛的区域需求支撑了其预计的第一季度增长。</li>
<li>管理服务、强劲的流动性和积极的收购活动塑造了埃森哲的短期前景。</li>
</ul>
</div><p>Accenture plc (ACN - Free Report) is set to report first-quarter fiscal 2026 results on Dec. 18, before the market open.</p>
<div class="lb-trans"><p>埃森哲公司（ACN - 免费报告）预计将于 12 月 18 日市场开盘前公布 2026 财年第一季度业绩。</p>
</div><p>The Zacks Consensus Estimate for earnings is pegged at $3.74 per share, suggesting 4.2% growth from the year-ago quarter’s reported level. The consensus estimate for revenues is $18.6 billion, hinting at 4.9% year-over-year growth.</p>
<div class="lb-trans"><p>Zacks 共识预期每股收益为 3.74 美元，较去年同期增长 4.2%。收入共识预期为 186 亿美元，暗示同比增长 4.9%。</p>
</div><p>Over the past 60 days, two EPS for the first quarter of fiscal 2026 have been revised upward, without any downward revisions. During this period, the Zacks Consensus Estimate moved up marginally. These upward revisions demonstrate analysts' increased confidence.</p>
<div class="lb-trans"><p>在过去 60 天内，2026 财年第一季度的两项每股收益预期被上调，没有任何下调。在此期间，Zacks 共识预期略有上升。这些上调显示了分析师的信心增强。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/66/136674.jpg/query-dj0xMzE2MTM2NzMw" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/66/136674.jpg?v=1316136730"/></p>
<p><em>Image Source: Zacks Investment Research</em></p>
<div class="lb-trans"><p><em>图片来源：Zacks 投资研究</em></p>
</div><p>Accenture’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 3.2%.</p>
<div class="lb-trans"><p>埃森哲的收益在过去四个季度中有三个超过了 Zacks 共识预期，仅有一次未达标，平均惊喜幅度为 3.2%。</p>
</div><h3><strong>Lower Chance of Q4 Earnings Beat for Accenture</strong></h3>
<div class="lb-trans"><h3><strong>埃森哲第四季度盈利超预期的可能性较低</strong></h3>
</div><p>Our proven model does not conclusively predict an earnings beat for Accenture this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy), or #3 (Hold) rating increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.</p>
<div class="lb-trans"><p>我们的模型并未明确预测埃森哲此次会超预期盈利。正的盈利 ESP 与 Zacks 排名#1（强力买入）、#2（买入）或#3（持有）评级的组合会增加盈利超预期的可能性。但在这里并非如此。您可以通过我们的盈利 ESP 筛选器在报告前发现最佳股票。</p>
</div><p>Accenture currently has an Earnings ESP of -1.53% and a Zacks Rank of #3 (Hold).</p>
<div class="lb-trans"><p>埃森哲目前的盈利 ESP 为-1.53%，Zacks 排名为#3（持有）。</p>
</div><h3><strong>High Demand Across Regions to be Accenture’s Q1 Growth Driver</strong></h3>
<div class="lb-trans"><h3><strong>各地区高需求将成为埃森哲第一季度增长的驱动力</strong></h3>
</div><p>We anticipate revenues from the Americas to grow 4.2% to $9.1 billion. Revenues in this region are expected to have been driven by growth in banking and capital markets, industrials, and software and platforms.</p>
<div class="lb-trans"><p>我们预计美洲的收入将增长 4.2%，达到 91 亿美元。该地区的收入预计受到银行和资本市场、工业以及软件和平台增长的推动。</p>
</div><p>We estimate revenues from the EMEA region to be $6.7 billion, suggesting a 4.6% rise from the year-ago quarter’s actual. Growth in insurance, utilities and consumer goods, life sciences, and retail and travel services is expected to have fueled this region’s revenue growth.</p>
<div class="lb-trans"><p>我们估计 EMEA 地区的收入为 67 亿美元，较去年同期增长 4.6%。保险、公用事业和消费品、生命科学以及零售和旅游服务的增长预计推动了该地区的收入增长。</p>
</div><p>We anticipate revenues from the Asia Pacific to rise 3.7% to $2.6 billion from the year-ago quarter’s actual. Improvements in banking and capital markets, public services, and utilities are anticipated to have led this region’s revenue growth.</p>
<div class="lb-trans"><p>我们预计亚太地区的收入将同比增长 3.7%，达到 26 亿美元。银行和资本市场、公共服务和公用事业的改善预计推动了该地区的收入增长。</p>
</div><h3><strong>Accenture’s Stock Comparison With Peers</strong></h3>
<div class="lb-trans"><h3><strong>埃森哲与同行的股票比较</strong></h3>
</div><p>Accenture shares have declined 23% over the past year compared with the 16.7% dip of its industry and against the 17.6% rise of the Zacks S&amp;P 500 composite. The company has underperformed its industry peers, Cognizant Technology Solutions (CTSH - Free Report) and Genpact (G - Free Report), which have reported 6.4% and 7.6% growth, respectively.</p>
<div class="lb-trans"><p>埃森哲的股票在过去一年中下跌了 23%，相比之下，其行业下跌了 16.7%，而 Zacks S&amp;P 500 综合指数上涨了 17.6%。该公司表现不及其行业同行，Cognizant Technology Solutions（CTSH - 免费报告）和 Genpact（G - 免费报告）分别增长了 6.4% 和 7.6%。</p>
</div><h3><strong>One-Year Share Price Performance</strong></h3>
<div class="lb-trans"><h3><strong>一年期股价表现</strong></h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/6f/136676.jpg/query-dj0xMDc1NDQ4OTI2" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/6f/136676.jpg?v=1075448926"/></p>
<p><em>Image Source: Zacks Investment Research</em></p>
<div class="lb-trans"><p><em>图片来源：Zacks 投资研究</em></p>
</div><p>Over the past six months, Accenture has dipped 12.2% compared with the 5.2% decline of the industry and against 18.7% growth of the Zacks S&amp;P 500 composite. The stock has failed to beat its industry peers, as Cognizant Technology Solutions and Genpact have gained 7.1% and 11.6%, respectively.</p>
<div class="lb-trans"><p>在过去六个月中，埃森哲的股价下跌了 12.2%，相比之下，行业下跌了 5.2%，而 Zacks S&amp;P 500 综合指数上涨了 18.7%。该股票未能超越其行业同行，Cognizant Technology Solutions 和 Genpact 分别上涨了 7.1% 和 11.6%。</p>
</div><p>Accenture has been trading at a trailing 12-month price-to-earnings ratio of 19.23X, which is lower than the industry’s 25.31X. However, the stock has been trading at a premium when compared with Cognizant Technology Solutions and Genpact’s respective 15.02X and 12.16X.</p>
<div class="lb-trans"><p>埃森哲的市盈率为 19.23 倍，低于行业的 25.31 倍。然而，与 Cognizant Technology Solutions 和 Genpact 的市盈率分别为 15.02 倍和 12.16 倍相比，该股票的估值仍然较高。</p>
</div><h3><strong>P/E - Forward 12-Months</strong></h3>
<div class="lb-trans"><h3><strong>市盈率 - 未来 12 个月</strong></h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/bf/136675.jpg/query-dj0xOTc5NzE5Njky" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/bf/136675.jpg?v=1979719692"/></p>
<p><em>Image Source: Zacks Investment Research</em></p>
<div class="lb-trans"><p><em>图片来源：Zacks 投资研究</em></p>
</div><h3><strong>Accenture’s Investment Considerations</strong></h3>
<div class="lb-trans"><h3><strong>埃森哲的投资考虑</strong></h3>
</div><p>Accenture’s managed services business is significantly enhanced by the growing demand for modernization and application maintenance, cloud enablement, and cybersecurity-as-a-service. In fiscal 2025, revenues in this segment gained 9% year-over-year. For the first quarter of fiscal 2026, the same is expected to move up 2.3% year-over-year.</p>
<div class="lb-trans"><p>埃森哲的管理服务业务因现代化和应用维护、云启用和网络安全即服务的需求增长而显著增强。在 2025 财年，该部门的收入同比增长了 9%。预计在 2026 财年第一季度，该收入将同比增长 2.3%。</p>
</div><p>The company maintains a strong balance sheet position, with cash and equivalents of $11.5 billion as of Aug. 31, 2025, and current debt of $114 million. This highlights the company’s strong liquidity position, which is further bolstered by the fact that its current ratio for fiscal 2025 was 1.42, improving from the preceding year’s 1.1. Having a current ratio of more than 1 makes Accenture’s prospects of covering short-term obligations very high.</p>
<div class="lb-trans"><p>截至 2025 年 8 月 31 日，该公司保持强劲的资产负债表，现金及现金等价物为 115 亿美元，当前债务为 1.14 亿美元。这突显了公司的强劲流动性，进一步得益于其 2025 财年的流动比率为 1.42，较前一年的 1.1 有所改善。流动比率超过 1 使得埃森哲在覆盖短期义务方面的前景非常乐观。</p>
</div><p>Accenture’s buyout strategy is also impressive, as it acquires multiple companies in a given year. In fiscal 2025, the company made 23 acquisitions for $1.5 billion. In November, the company acquired RANGR Data, which expands Accenture's engineering talent and capabilities, strengthening its position to drive enterprise reinvention for customers.</p>
<div class="lb-trans"><p>埃森哲的收购策略也令人印象深刻，因为它每年收购多家公司。在 2025 财年，该公司进行了 23 笔收购，总金额为 15 亿美元。在 11 月，该公司收购了 RANGR Data，扩展了埃森哲的工程人才和能力，增强了其为客户推动企业重塑的能力。</p>
</div><p>This buyout strategy comes with a drawback of high integration risks. Investors may consider this a red flag since heightened integration risks may hamper long-term organic growth. Accenture operates in a labor-intensive and foreign talent-dependent industry. A key risk that the company struggles to manage is higher talent costs due to a competitive talent market. The fast-paced growth of AI enables clients to improve their performance independently, which reduces their reliance on Accenture.</p>
<div class="lb-trans"><p>这种收购策略也带来了高整合风险的缺点。投资者可能会将其视为一个警示信号，因为高整合风险可能会妨碍长期的有机增长。埃森哲运营于一个劳动密集型和依赖外国人才的行业。该公司面临的一个主要风险是由于竞争激烈的人才市场导致的人才成本上升。人工智能的快速发展使客户能够独立提高其绩效，从而减少对埃森哲的依赖。</p>
</div><h3><strong>Hold On to Accenture For Now</strong></h3>
<div class="lb-trans"><h3><strong>暂时持有埃森哲</strong></h3>
</div><p>Accenture is expected to witness growth in services across its geographic segments. Rising demand for its managed services business is a key driver of the top line. A strong cash position with substantially lower current debt results in a robust liquidity position, providing a leeway to cover short-term obligations.</p>
<div class="lb-trans"><p>预计埃森哲将在其地理区域内的服务中实现增长。对其管理服务业务的需求上升是推动收入增长的关键因素。强劲的现金状况和显著较低的当前债务使其流动性状况稳健，为覆盖短期义务提供了余地。</p>
</div><p>Despite the company’s rapid acquisition strategy improving its operational and financial position, integration risks are high, which can deteriorate growth, waving a red flag for investors. Higher talent costs resulting from a competitive talent market and a lack of reliance on the company by potential clients due to AI may add to investor concerns.</p>
<div class="lb-trans"><p>尽管公司的快速收购战略改善了其运营和财务状况，但整合风险很高，这可能会恶化增长，给投资者敲响警钟。由于竞争激烈的人才市场导致的人才成本上升，以及潜在客户对公司在人工智能方面的依赖不足，可能会加剧投资者的担忧。</p>
</div><p>We recommend investors refrain from buying the Accenture stock at this juncture since it is facing challenges ahead of its earnings release on Dec. 18. Investors are asked to monitor Accenture’s share price movement post earnings to ascertain a preferable entry point, as a hasty decision may affect portfolio gains.</p>
<div class="lb-trans"><p>我们建议投资者在此时不要购买埃森哲的股票，因为它在 12 月 18 日的财报发布前面临挑战。投资者应关注埃森哲财报发布后的股价走势，以确定合适的入场时机，因为仓促的决定可能会影响投资组合收益。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的文章：</em></p>
</div><p>AT&amp;T Versus Comcast: Which Telecom Stock Should You Bet On?</p>
<div class="lb-trans"><p>AT&amp;T 与康卡斯特：你应该押注哪只电信股票？</p>
</div><p>Will Lululemon Stock Keep Rebounding After Strong Q3 Results?</p>
<div class="lb-trans"><p>Lululemon 的股票在强劲的第三季度业绩后会继续反弹吗？</p>
</div><p>Is Broadcom The Best Chip Stock To Buy As Q4 Earnings Approach?</p>
<div class="lb-trans"><p>博通在第四季度财报临近时是最佳芯片股票吗？</p>
</div>

埃森哲第一季度财报预览：是现在购买还是等待结果？