NEW YORK (TheStreet) -- Shares of Accenture (ACN) - Get Report were rising in pre-market trading on Thursday after the Dublin-based company reported better-than-expected results for the 2016 fiscal fourth quarter.
Before today's market open, Accenture posted earnings of $1.31 per share, surpassing analysts' estimates by a penny. Revenue rose 8% year-over-year to $8.5 billion, above Wall Street's projections of $8.4 billion.
For the same period last year, the professional services company earned $1.15 per share on revenue of $7.89 billion.
Accenture now sees fiscal 2017 earnings in the range of $5.75 to $5.98 per share, while analysts are looking for $5.83 per share.
The company forecasts fiscal 2017 first-quarter revenue between $8.4 billion and $8.65 billion, compared to Wall Street's forecasts of $8.59 billion.
Accenture expects revenue to grow between 5% and 8% in fiscal 2017.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
TheStreet Ratings team rates Accenture as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that it rates. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. The team feels its strengths outweigh the fact that the company shows low profit margins.
You can view the full analysis from the report here: ACN