Accenture’s Expected Quarterly Earnings and Revenue Forecasts
In a forthcoming report, Wall Street analysts anticipate that Accenture (ACN) will announce quarterly earnings of $3.29 per share, which would mark a 5.1% increase compared to the same period last year. Revenue projections stand at $17.21 billion, reflecting a year-over-year growth of 4.5%. Over the past month, the consensus estimate for earnings per share (EPS) has been adjusted upward by 1.3%, indicating that analysts have reassessed their initial projections for the company during this time frame.
The Importance of Earnings Estimate Revisions
Before a company reveals its earnings, it is essential to examine any revisions to earnings estimates. These modifications serve as critical indicators that can influence investor behavior concerning the stock. Numerous studies have shown a strong relationship between changes in earnings estimate revisions and a stock’s short-term price behavior. Although investors typically rely on average earnings and revenue predictions to evaluate the company’s quarterly performance, analyzing analysts’ forecasts for specific key metrics can provide a deeper insight.
Accenture’s Revenue Estimates by Work Type
According to analysts, the revenue from ‘Consulting’ work is expected to hit $8.63 billion, representing a 2.1% increase from the previous year’s quarter. In terms of ‘Managed Services,’ analysts predict revenue to be approximately $8.56 billion, indicating a significant growth of 6.9% compared to the same quarter last year. The estimated revenue for ‘Product’ within industry groups is forecasted to reach $5.19 billion, reflecting an increase of 4.2% year over year. Additionally, the revenue from ‘Health & Public Service’ is expected to be around $3.76 billion, also showing a 6.9% rise compared to the prior-year quarter. For ‘Financial Services,’ analysts anticipate revenue of $2.94 billion, which corresponds to a year-over-year change of 1.5%. Lastly, revenue for the ‘Communications, Media & Technology’ sector is projected at $2.82 billion, indicating a 2% increase from the previous year.
Geographic Revenue Projections
Analysts estimate that ‘Geographic Revenue – Americas’ will reach $8.75 billion, reflecting an impressive growth of 11.7% from the same quarter last year. For the ‘Asia Pacific’ region, the consensus forecast is set at $2.22 billion, indicating a decline of 22.3% from the prior-year quarter. Meanwhile, ‘Geographic Revenue – EMEA’ is expected to total $6.12 billion, suggesting a 6% year-over-year increase.
New Bookings Expectations
The average prediction for ‘New Bookings – Total’ is $21.44 billion, compared to the $21.06 billion reported in the same quarter last year. Analysts forecast that ‘New Bookings – Managed Services’ will amount to $11.92 billion, which shows an increase from the previous year’s figure of $11.78 billion. Furthermore, ‘New Bookings – Consulting’ is projected to reach $9.52 billion, up from $9.28 billion from the year before.
Accenture’s Recent Stock Performance
Over the last month, Accenture’s stock has experienced a decline of 1.9%, contrasting with the S&P 500 composite’s increase of 1.7%. Holding a Zacks Rank of #3 (Hold), ACN is expected to perform in line with the broader market in the near future.
No coins selected
