Accenture Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Accenture plc (NYSE:ACN) is expected to report an increase in Q1 earnings to $3.14 per share from $3.08 a year ago, with projected revenue of $16.20 billion. The company has also recently agreed to acquire Vocatus. Ahead of the earnings call, analysts have revised their forecasts and ratings for ACN. Wedbush's Moshe Katri upgraded the price target to $360, Redburn Atlantic's Alex Haissl set a target of $410, BMO Capital's Keith Bachman reduced the target to $350, Baird's David Koning lowered it to $322, and Citigroup's Ashwin Shirvaikar maintained a target of $358.
December 18, 2023 | 4:18 pm
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Accenture is anticipated to report higher Q1 earnings with a positive outlook from analysts, who have revised their price targets ahead of the earnings call.
The anticipation of higher Q1 earnings and positive revisions from analysts suggest a bullish sentiment for ACN in the short term. The acquisition of Vocatus may also be viewed positively by the market, potentially leading to an increase in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100