Accenture Expects Q4 Revenue Of $15.75B-$16.35B Vs $16.35B Est; Reduces FY23 Revenue Growth to 8%-9%, (From Prior 8%-10%) Vs $64.41B Est, adj EPS of $11.52-$11.63 (From Prior $11.41-$11.63) Vs $11.6 Est
Portfolio Pulse from Benzinga Newsdesk
Accenture has updated its Q4 2023 revenue guidance to $15.75B-$16.35B, a 2%-6% increase in local currency, and reduced its FY23 revenue growth to 8%-9% from the previous 8%-10%. The company now expects GAAP diluted EPS of $10.94-$11.05 and adjusted EPS of $11.52-$11.63.
June 22, 2023 | 10:52 am
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NEGATIVE IMPACT
Accenture's lowered Q4 2023 revenue guidance and reduced FY23 revenue growth may negatively impact its stock price in the short term.
Accenture's lowered Q4 2023 revenue guidance and reduced FY23 revenue growth expectations may cause investors to be concerned about the company's future performance, potentially leading to a negative impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100