ACN – Market expectations are for Uniform ROA compression, but management is confident about their growth and research

• Accenture plc (ACN:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 17.4x Uniform P/E. At these levels, markets are pricing in bearish expectations for the firm, but management is confident about their segment growth and thought leadership research
  
  

• Specifically, management is confident that they predicted every business would be a digital business back in 2013, that their Communications, Media & Technology business grew by 5%, and that their 2020 thought leadership research focuses on how businesses must rethink their approach to be more human-centered to adapt to the digital world