Accenture Q2 Adj EPS $2.77 Beats $2.66 Estimate, Sales $15.80B Miss $15.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
Accenture (NYSE:ACN) reported Q2 adjusted EPS of $2.77, surpassing the $2.66 estimate, marking a 4.14% beat and a 2.97% increase from last year's $2.69. However, its sales of $15.80B slightly missed the $15.84B estimate by 0.26%, representing a minor 0.09% decrease from the previous year's $15.81B.
March 21, 2024 | 10:42 am
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Accenture reported a Q2 EPS of $2.77, beating estimates and showing a year-over-year growth, but its sales slightly missed estimates with a minor year-over-year decrease.
The positive earnings beat by Accenture suggests a strong operational performance, which could be favorable for investor sentiment. However, the slight miss in sales forecasts and the minor decrease in sales compared to the previous year might temper optimism, leading to a neutral short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100