Earnings Alert: Accenture (ACN), Nike (NKE) post strong revenue growth

Highlights

  • Accenture plc’s (NASDAQ: ACN) revenue was US$13.41 billion in Q4, FY21, compared to US$10.83 billion in the year-ago quarter.
  • Nike, Inc’s (NYSE: NKE) revenue surged 16 percent YoY to US$12.24 billion in Q1, FY22.
  • Accenture’s market cap is US$218.13 billion, and Nike’s market cap is US$252.63 billion.

Accenture plc (NASDAQ: ACN) stock rose more than 2%, while Nike, Inc. (NYSE: NKE) stock declined nearly 3% after posting their quarterly results on Thursday.

The ACN stock rose 2.84 percent to US$344.16 at 1:57 pm ET, while NKE stock traded at US$155.52 at 4:32 pm ET, down 2.54 percent from its previous close.

Here we explore the earnings and the recent stock performances of the companies.

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Accenture plc (NASDAQ: ACN):

Accenture is a professional services company and has interests in IT and consulting services. It is based in Dublin, Ireland.

The company reported revenue of US$13.41 billion in Q4, FY21, compared to US$10.83 billion in the same quarter of the previous year. Its operating income was US$1.95 billion, or 14.6 percent of the total revenue, compared to US$1.54 billion in Q4 of FY20.

The company's net income came in at US$1.43 billion, or US$2.20 per diluted share, compared to a net income of US$1.30 billion, or US$1.99 per diluted share in the year-ago quarter.

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Accenture reported a record full-year revenue of US$50.53 billion in fiscal 2021, compared to US$44.32 billion in fiscal 2020.

CAN’s market cap is US$218.13 billion, and its stock ticked up 30.49 percent YTD. Its P/E ratio and the forward P/E one year are 38.48 and 38.07, respectively. The 52-week highest and lowest stock prices were US$345.52 and US$210.42, respectively. Its EPS is US$8.94.

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Quarterly earnings of Accenture (ACN) and Nike (NKE)

 

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Nike, Inc. (NYSE: NKE):

Nike is a popular name in the sportswear world. It is an Oregon-based company that manufactures clothes, footwear, and other related products.

The company's revenue surged 16 percent YoY to US$12.24 billion in Q1, FY22. It reported a gross profit of US$5.69 billion compared to US$4.74 billion in the year-ago quarter.

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The net income was US$1.87 billion, or US$1.16 per diluted share, compared to a net income of US$1.51 billion, or US$0.95 per diluted share in Q1, FY21.

Nike's market cap is US$252.63 billion, and its stock rose 12.38 percent YTD. Its EPS is US$3.56, the P/E ratio is 44.83, and the forward P/E one year is 37.85. The 52-week highest and lowest stock prices were US$174.38 and US$118.80, respectively.

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Bottomline

The companies saw notable growth in the recent quarters as demand for consumer and technology goods rose during the period. Both the sectors are expected to continue that momentum in the coming quarters. However, investors must evaluate the companies carefully before investing.

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