FMP

FMP

Enter

Accenture (NYSE:ACN) Quarterly Earnings Report Preview

-

twitterlinkedinfacebook
blog post cover photo

Image credit: Google Images

  • Earnings Per Share (EPS) estimate for Accenture is set at $2.77, indicating a year-over-year increase of 2.2%.
  • Projected revenue for the quarter is approximately $16.38 billion, marking a 2.2% rise from the same quarter last year.
  • Accenture has a history of exceeding the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 2.9%.

Accenture (NYSE:ACN) is gearing up to release its quarterly earnings report on Thursday, September 26, 2024, before the market opens. This announcement is highly anticipated by investors and analysts alike, as it provides a snapshot of the company's financial health and operational performance. Accenture, a global professional services company, offers a broad range of services and solutions in strategy, consulting, digital, technology, and operations. It operates in a competitive landscape, going head-to-head with other consulting giants such as Deloitte, PwC, and McKinsey & Company. The earnings per share (EPS) estimate set by Wall Street analysts for this quarter is $2.77, with projected revenue of approximately $16.38 billion.

The EPS estimate of $2.77 represents a year-over-year increase of 2.2%, indicating a positive growth trajectory for Accenture. This growth is further underscored by the expected revenue of $16.33 billion for the quarter, marking a 2.2% rise from the same quarter in the previous year. Such financial metrics are crucial for investors as they reflect the company's ability to grow its earnings and expand its operations amidst the competitive and ever-evolving global market.

Over the past 30 days, the consensus EPS estimate has been revised upwards by 0.6%, a testament to the analysts' growing confidence in Accenture's performance. This positive reassessment is likely influenced by the company's strategic initiatives and its ability to adapt to market demands, including the application of Generative AI (GenAI) for large-scale transformations. These technological advancements not only enhance Accenture's service offerings but also position it as a leader in innovation within the consulting industry.

Accenture's history of exceeding the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 2.9%, further bolsters expectations for a strong performance in the upcoming earnings report. Such a track record of earnings surprises plays a significant role in shaping investor expectations and can lead to positive stock price movements if the trend continues.

Given the company's solid financial indicators and the optimistic projections by analysts, there is a high probability that Accenture will beat earnings expectations for the fourth quarter. This potential outcome is supported by Accenture's strategic use of technology, its consistent growth in bookings, and its ability to deliver innovative solutions to its clients. As the earnings report date approaches, investors and market watchers will be keenly observing how Accenture's financial performance aligns with these expectations.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 16, 2024 8:06 PM - Gordon Thompson

Deutsche Bank Upgrades AST SpaceMobile to Buy Amid Legal Challenges

On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep