Accenture Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Accenture plc (NYSE:ACN) is anticipated to report a decrease in Q2 earnings to $2.66 per share from $2.69 the previous year, with projected revenue of $15.84 billion. The company recently acquired Flo Group to enhance its supply chain logistics in Europe. Shares rose 0.6% to $380.44. Analysts from Stifel, Citigroup, Wedbush, Deutsche Bank, and Baird have updated their ratings and price targets for ACN, reflecting a generally positive outlook.
March 21, 2024 | 6:41 am
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Accenture is expected to report a slight decrease in Q2 earnings with a positive revenue projection. The acquisition of Flo Group and optimistic analyst ratings suggest a favorable outlook.
The slight decrease in projected earnings per share is offset by a strong revenue forecast and positive sentiment from recent analyst ratings and strategic acquisitions. These factors combined suggest a potential short-term positive impact on ACN's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100