<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>圖片來源：Bigstock</em></p>
<h3><strong>關鍵要點</strong></h3>
<ul>
<li>埃森哲預計將於 12 月 18 日公佈 2026 財年第一季度業績，預計每股收益為 3.74 美元，收入為 186 億美元。</li>
<li>分析師上調的每股收益預期和廣泛的區域需求支撐了其預計的第一季度增長。</li>
<li>管理服務、強勁的流動性和積極的收購活動塑造了埃森哲的短期前景。</li>
</ul>
<p>埃森哲公司（ACN - 免費報告）預計將於 12 月 18 日市場開盤前公佈 2026 財年第一季度業績。</p>
<p>Zacks 共識預期每股收益為 3.74 美元，較去年同期增長 4.2%。收入共識預期為 186 億美元，暗示同比增長 4.9%。</p>
<p>在過去 60 天內，2026 財年第一季度的兩項每股收益預期被上調，沒有任何下調。在此期間，Zacks 共識預期略有上升。這些上調顯示了分析師的信心增強。</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>圖片來源：Zacks 投資研究</em></p>
<p>埃森哲的收益在過去四個季度中有三個超過了 Zacks 共識預期，僅有一次未達標，平均驚喜幅度為 3.2%。</p>
<h3><strong>埃森哲第四季度盈利超預期的可能性較低</strong></h3>
<p>我們的模型並未明確預測埃森哲此次會超預期盈利。正的盈利 ESP 與 Zacks 排名#1（強力買入）、#2（買入）或#3（持有）評級的組合會增加盈利超預期的可能性。但在這裏並非如此。您可以通過我們的盈利 ESP 篩選器在報告前發現最佳股票。</p>
<p>埃森哲目前的盈利 ESP 為-1.53%，Zacks 排名為#3（持有）。</p>
<h3><strong>各地區高需求將成為埃森哲第一季度增長的驅動力</strong></h3>
<p>我們預計美洲的收入將增長 4.2%，達到 91 億美元。該地區的收入預計受到銀行和資本市場、工業以及軟件和平台增長的推動。</p>
<p>我們估計 EMEA 地區的收入為 67 億美元，較去年同期增長 4.6%。保險、公用事業和消費品、生命科學以及零售和旅遊服務的增長預計推動了該地區的收入增長。</p>
<p>我們預計亞太地區的收入將同比增長 3.7%，達到 26 億美元。銀行和資本市場、公共服務和公用事業的改善預計推動了該地區的收入增長。</p>
<h3><strong>埃森哲與同行的股票比較</strong></h3>
<p>埃森哲的股票在過去一年中下跌了 23%，相比之下，其行業下跌了 16.7%，而 Zacks S&amp;P 500 綜合指數上漲了 17.6%。該公司表現不及其行業同行，Cognizant Technology Solutions（CTSH - 免費報告）和 Genpact（G - 免費報告）分別增長了 6.4% 和 7.6%。</p>
<h3><strong>一年期股價表現</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>圖片來源：Zacks 投資研究</em></p>
<p>在過去六個月中，埃森哲的股價下跌了 12.2%，相比之下，行業下跌了 5.2%，而 Zacks S&amp;P 500 綜合指數上漲了 18.7%。該股票未能超越其行業同行，Cognizant Technology Solutions 和 Genpact 分別上漲了 7.1% 和 11.6%。</p>
<p>埃森哲的市盈率為 19.23 倍，低於行業的 25.31 倍。然而，與 Cognizant Technology Solutions 和 Genpact 的市盈率分別為 15.02 倍和 12.16 倍相比，該股票的估值仍然較高。</p>
<h3><strong>市盈率 - 未來 12 個月</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>圖片來源：Zacks 投資研究</em></p>
<h3><strong>埃森哲的投資考慮</strong></h3>
<p>埃森哲的管理服務業務因現代化和應用維護、雲啓用和網絡安全即服務的需求增長而顯著增強。在 2025 財年，該部門的收入同比增長了 9%。預計在 2026 財年第一季度，該收入將同比增長 2.3%。</p>
<p>截至 2025 年 8 月 31 日，該公司保持強勁的資產負債表，現金及現金等價物為 115 億美元，當前債務為 1.14 億美元。這突顯了公司的強勁流動性，進一步得益於其 2025 財年的流動比率為 1.42，較前一年的 1.1 有所改善。流動比率超過 1 使得埃森哲在覆蓋短期義務方面的前景非常樂觀。</p>
<p>埃森哲的收購策略也令人印象深刻，因為它每年收購多家公司。在 2025 財年，該公司進行了 23 筆收購，總金額為 15 億美元。在 11 月，該公司收購了 RANGR Data，擴展了埃森哲的工程人才和能力，增強了其為客户推動企業重塑的能力。</p>
<p>這種收購策略也帶來了高整合風險的缺點。投資者可能會將其視為一個警示信號，因為高整合風險可能會妨礙長期的有機增長。埃森哲運營於一個勞動密集型和依賴外國人才的行業。該公司面臨的一個主要風險是由於競爭激烈的人才市場導致的人才成本上升。人工智能的快速發展使客户能夠獨立提高其績效，從而減少對埃森哲的依賴。</p>
<h3><strong>暫時持有埃森哲</strong></h3>
<p>預計埃森哲將在其地理區域內的服務中實現增長。對其管理服務業務的需求上升是推動收入增長的關鍵因素。強勁的現金狀況和顯著較低的當前債務使其流動性狀況穩健，為覆蓋短期義務提供了餘地。</p>
<p>儘管公司的快速收購戰略改善了其運營和財務狀況，但整合風險很高，這可能會惡化增長，給投資者敲響警鐘。由於競爭激烈的人才市場導致的人才成本上升，以及潛在客户對公司在人工智能方面的依賴不足，可能會加劇投資者的擔憂。</p>
<p>我們建議投資者在此時不要購買埃森哲的股票，因為它在 12 月 18 日的財報發佈前面臨挑戰。投資者應關注埃森哲財報發佈後的股價走勢，以確定合適的入場時機，因為倉促的決定可能會影響投資組合收益。</p>
<hr/>
<p><em>更多來自此作者的文章：</em></p>
<p>AT&amp;T 與康卡斯特：你應該押注哪隻電信股票？</p>
<p>Lululemon 的股票在強勁的第三季度業績後會繼續反彈嗎？</p>
<p>博通在第四季度財報臨近時是最佳芯片股票嗎？</p>

埃森哲

<p>埃森哲定於 12 月 18 日公佈 2026 財年第一季度業績，預計每股收益為 3.74 美元，收入為 186 億美元。分析師已上調每股收益預期，顯示出對埃森哲增長的信心。儘管各地區需求強勁，埃森哲的股票表現卻不及同行。公司保持強勁的流動性，並繼續其收購戰略，但整合風險和高人才成本仍然是令人擔憂的問題。建議投資者在財報公佈後再考慮買入</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>圖片來源：Bigstock</em></p>
</div><h3><strong>Key Takeaways</strong></h3>
<div class="lb-trans"><h3><strong>關鍵要點</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>埃森哲預計將於 12 月 18 日公佈 2026 財年第一季度業績，預計每股收益為 3.74 美元，收入為 186 億美元。</li>
<li>分析師上調的每股收益預期和廣泛的區域需求支撐了其預計的第一季度增長。</li>
<li>管理服務、強勁的流動性和積極的收購活動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 - 免費報告）預計將於 12 月 18 日市場開盤前公佈 2026 財年第一季度業績。</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 共識預期每股收益為 3.74 美元，較去年同期增長 4.2%。收入共識預期為 186 億美元，暗示同比增長 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>在過去 60 天內，2026 財年第一季度的兩項每股收益預期被上調，沒有任何下調。在此期間，Zacks 共識預期略有上升。這些上調顯示了分析師的信心增強。</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>圖片來源：Zacks 投資研究</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>埃森哲的收益在過去四個季度中有三個超過了 Zacks 共識預期，僅有一次未達標，平均驚喜幅度為 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預期的可能性較低</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>我們的模型並未明確預測埃森哲此次會超預期盈利。正的盈利 ESP 與 Zacks 排名#1（強力買入）、#2（買入）或#3（持有）評級的組合會增加盈利超預期的可能性。但在這裏並非如此。您可以通過我們的盈利 ESP 篩選器在報告前發現最佳股票。</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 為-1.53%，Zacks 排名為#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>各地區高需求將成為埃森哲第一季度增長的驅動力</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>我們預計美洲的收入將增長 4.2%，達到 91 億美元。該地區的收入預計受到銀行和資本市場、工業以及軟件和平台增長的推動。</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>我們估計 EMEA 地區的收入為 67 億美元，較去年同期增長 4.6%。保險、公用事業和消費品、生命科學以及零售和旅遊服務的增長預計推動了該地區的收入增長。</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>我們預計亞太地區的收入將同比增長 3.7%，達到 26 億美元。銀行和資本市場、公共服務和公用事業的改善預計推動了該地區的收入增長。</p>
</div><h3><strong>Accenture’s Stock Comparison With Peers</strong></h3>
<div class="lb-trans"><h3><strong>埃森哲與同行的股票比較</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>埃森哲的股票在過去一年中下跌了 23%，相比之下，其行業下跌了 16.7%，而 Zacks S&amp;P 500 綜合指數上漲了 17.6%。該公司表現不及其行業同行，Cognizant Technology Solutions（CTSH - 免費報告）和 Genpact（G - 免費報告）分別增長了 6.4% 和 7.6%。</p>
</div><h3><strong>One-Year Share Price Performance</strong></h3>
<div class="lb-trans"><h3><strong>一年期股價表現</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>圖片來源：Zacks 投資研究</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>在過去六個月中，埃森哲的股價下跌了 12.2%，相比之下，行業下跌了 5.2%，而 Zacks S&amp;P 500 綜合指數上漲了 18.7%。該股票未能超越其行業同行，Cognizant Technology Solutions 和 Genpact 分別上漲了 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>埃森哲的市盈率為 19.23 倍，低於行業的 25.31 倍。然而，與 Cognizant Technology Solutions 和 Genpact 的市盈率分別為 15.02 倍和 12.16 倍相比，該股票的估值仍然較高。</p>
</div><h3><strong>P/E - Forward 12-Months</strong></h3>
<div class="lb-trans"><h3><strong>市盈率 - 未來 12 個月</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>圖片來源：Zacks 投資研究</em></p>
</div><h3><strong>Accenture’s Investment Considerations</strong></h3>
<div class="lb-trans"><h3><strong>埃森哲的投資考慮</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>埃森哲的管理服務業務因現代化和應用維護、雲啓用和網絡安全即服務的需求增長而顯著增強。在 2025 財年，該部門的收入同比增長了 9%。預計在 2026 財年第一季度，該收入將同比增長 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，該公司保持強勁的資產負債表，現金及現金等價物為 115 億美元，當前債務為 1.14 億美元。這突顯了公司的強勁流動性，進一步得益於其 2025 財年的流動比率為 1.42，較前一年的 1.1 有所改善。流動比率超過 1 使得埃森哲在覆蓋短期義務方面的前景非常樂觀。</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>埃森哲的收購策略也令人印象深刻，因為它每年收購多家公司。在 2025 財年，該公司進行了 23 筆收購，總金額為 15 億美元。在 11 月，該公司收購了 RANGR Data，擴展了埃森哲的工程人才和能力，增強了其為客户推動企業重塑的能力。</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>這種收購策略也帶來了高整合風險的缺點。投資者可能會將其視為一個警示信號，因為高整合風險可能會妨礙長期的有機增長。埃森哲運營於一個勞動密集型和依賴外國人才的行業。該公司面臨的一個主要風險是由於競爭激烈的人才市場導致的人才成本上升。人工智能的快速發展使客户能夠獨立提高其績效，從而減少對埃森哲的依賴。</p>
</div><h3><strong>Hold On to Accenture For Now</strong></h3>
<div class="lb-trans"><h3><strong>暫時持有埃森哲</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>預計埃森哲將在其地理區域內的服務中實現增長。對其管理服務業務的需求上升是推動收入增長的關鍵因素。強勁的現金狀況和顯著較低的當前債務使其流動性狀況穩健，為覆蓋短期義務提供了餘地。</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>儘管公司的快速收購戰略改善了其運營和財務狀況，但整合風險很高，這可能會惡化增長，給投資者敲響警鐘。由於競爭激烈的人才市場導致的人才成本上升，以及潛在客户對公司在人工智能方面的依賴不足，可能會加劇投資者的擔憂。</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>我們建議投資者在此時不要購買埃森哲的股票，因為它在 12 月 18 日的財報發佈前面臨挑戰。投資者應關注埃森哲財報發佈後的股價走勢，以確定合適的入場時機，因為倉促的決定可能會影響投資組合收益。</p>
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