Business services providers play a critical role for enterprises, assisting them with everything from new hardware integrations to consulting and marketing. But increasing competition from AI-driven upstarts has tempered enthusiasm,
and over the past six months, the industry has pulled back by 3.3%. This performance was similar to the S&P 500’s decline.
Let’s dig into the relative performance of Accenture (NYSE:ACN) and its peers as we unravel the now-completed Q4 it services & consulting earnings season.
What a brutal six months it’s been for ASGN. The stock has dropped 27.3% and now trades at $67.80, rattling many shareholders. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Gartner (NYSE:IT) and the rest of the it services & consulting stocks fared in Q4.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at it services & consulting stocks, starting with Grid Dynamics (NASDAQ:GDYN).
The increased need for online marketing and sales following the pandemic led to higher demand for IT services but the frenzy is beginning to slow and it may be time to sell ASGN’s stock.
Companies Reporting Before The Bell • Madison Square Garden (NYSE:MSGE) is expected to report quarterly loss at $0.80 per share on revenue of $301.83 million.
