Preview: Accenture's Earnings
Portfolio Pulse from Benzinga Insights
Accenture (NYSE:ACN) is expected to release its quarterly earnings report on December 19, 2023, with an estimated EPS of $3.14. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Accenture's stock price has been sensitive to earnings performance and guidance. Last quarter, ACN beat the EPS estimate by $0.05, leading to a 2.11% stock price increase. Over the past year, ACN shares have risen by 32.3%, indicating a bullish sentiment among long-term shareholders.
December 18, 2023 | 2:00 pm
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Accenture is anticipated to report quarterly earnings with an EPS estimate of $3.14. Positive earnings history and stock performance suggest a bullish sentiment. Investors will focus on earnings results and forward guidance.
Given Accenture's history of beating EPS estimates and the subsequent positive stock price reactions, there is a likelihood of a similar short-term impact if the company beats estimates again. The 32.3% year-over-year stock increase reflects strong investor confidence, which could be further bolstered by positive earnings and guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100