Infosys (INFY) shares surged 5.3% in the last trading session, closing at $19.18, fueled by increased trading volume and positive sentiment from Accenture‘s (ACN) strong earnings report, which exceeded expectations. Infosys’s performance marks a consistent 5.3% increase over the past month.
The company anticipates posting quarterly earnings of $0.20 per share, reflecting a year-over-year increase of 5.3%, with revenues projected at $5.09 billion, a rise of 3.1% from the previous year. The consensus EPS estimate for Infosys has remained stable over the last 30 days, and it currently holds a Zacks Rank of #3 (Hold).
In comparison, ASGN Inc (ASGN) closed 0.7% higher at $49.05, with a return of 20.5% over the past month, while its EPS estimate is unchanged at $1.16, indicating a decline of 9.4% year-over-year. ASGN also carries a Zacks Rank of #3 (Hold).
