Wall Street analysts forecast that Accenture (ACN - Free Report) will report quarterly earnings of $2.65 per share in its upcoming release, pointing to a year-over-year decline of 1.5%. It is anticipated that revenues will amount to $15.8 billion, exhibiting a decline of 0.1% compared to the year-ago quarter.
The current level reflects a downward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Accenture metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenue- Industry Groups- Communications, Media & Technology' reaching $2.57 billion. The estimate indicates a change of -11.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- Industry Groups- Financial services' should arrive at $3.00 billion. The estimate indicates a year-over-year change of -0.2%.
Analysts expect 'Revenue- Industry Groups- Product' to come in at $4.80 billion. The estimate indicates a change of +1.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Type of Work- Managed Services' should come in at $7.69 billion. The estimate indicates a year-over-year change of +2%.
Analysts forecast 'Revenue- Industry Groups- Health & Public Service' to reach $3.21 billion. The estimate indicates a year-over-year change of +6.3%.
The consensus among analysts is that 'Revenue- Type of Work- Consulting' will reach $8.14 billion. The estimate indicates a change of -1.7% from the prior-year quarter.
Analysts predict that the 'Revenue- Industry Groups- Resources' will reach $2.26 billion. The estimate indicates a change of +3.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenue- North America' of $7.46 billion. The estimate suggests a change of +0.9% year over year.
The consensus estimate for 'Geographic Revenue- Growth Markets' stands at $2.86 billion. The estimate suggests a change of -8.1% year over year.
It is projected by analysts that the 'Geographic Revenue- Europe' will reach $5.51 billion. The estimate indicates a change of +4% from the prior-year quarter.
View all Key Company Metrics for Accenture here>>>
Shares of Accenture have experienced a change of +1.4% in the past month compared to the +1.8% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ACN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Wall Street analysts forecast that Accenture (ACN - Free Report) will report quarterly earnings of $2.65 per share in its upcoming release, pointing to a year-over-year decline of 1.5%. It is anticipated that revenues will amount to $15.8 billion, exhibiting a decline of 0.1% compared to the year-ago quarter.
The current level reflects a downward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Accenture metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenue- Industry Groups- Communications, Media & Technology' reaching $2.57 billion. The estimate indicates a change of -11.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- Industry Groups- Financial services' should arrive at $3.00 billion. The estimate indicates a year-over-year change of -0.2%.
Analysts expect 'Revenue- Industry Groups- Product' to come in at $4.80 billion. The estimate indicates a change of +1.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Type of Work- Managed Services' should come in at $7.69 billion. The estimate indicates a year-over-year change of +2%.
Analysts forecast 'Revenue- Industry Groups- Health & Public Service' to reach $3.21 billion. The estimate indicates a year-over-year change of +6.3%.
The consensus among analysts is that 'Revenue- Type of Work- Consulting' will reach $8.14 billion. The estimate indicates a change of -1.7% from the prior-year quarter.
Analysts predict that the 'Revenue- Industry Groups- Resources' will reach $2.26 billion. The estimate indicates a change of +3.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenue- North America' of $7.46 billion. The estimate suggests a change of +0.9% year over year.
The consensus estimate for 'Geographic Revenue- Growth Markets' stands at $2.86 billion. The estimate suggests a change of -8.1% year over year.
It is projected by analysts that the 'Geographic Revenue- Europe' will reach $5.51 billion. The estimate indicates a change of +4% from the prior-year quarter.
View all Key Company Metrics for Accenture here>>>
Shares of Accenture have experienced a change of +1.4% in the past month compared to the +1.8% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ACN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Get the latest research report on ACN - FREE