Why Has Accenture Stock Surged With No New Results To Report?

Accenture (ACN) stock has returned 50% since the middle of June, while the S&P 500 returned about 1%. Even after that run, near $190, it sits about a third below its 52-week high. The run started at $126.46, just above the 52-week low, so part of the gain is a bounce. Even so, a move that big usually follows a quarter that changed something. Accenture's last results came on June 18, the day this run began, and it has not reported a quarter since.