These Analysts Slash Their Forecasts On Accenture After Q3 Results
Portfolio Pulse from Avi Kapoor
Accenture Plc (NYSE:ACN) reported downbeat Q3 earnings, missing both revenue and EPS estimates. The company posted sales of $16.47 billion, slightly below the consensus of $16.55 billion, and an adjusted EPS of $3.13, missing the $3.15 consensus. Despite these results, Accenture achieved significant milestones in Generative AI sales and acquisitions. Analysts from BMO Capital, Susquehanna, and TD Cowen have lowered their price targets for Accenture.
June 21, 2024 | 6:21 pm
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Accenture reported Q3 earnings that missed both revenue and EPS estimates. The company posted sales of $16.47 billion and an adjusted EPS of $3.13, both below analyst expectations. Despite these results, Accenture achieved significant milestones in Generative AI sales and acquisitions. Analysts from BMO Capital, Susquehanna, and TD Cowen have lowered their price targets for Accenture.
Accenture's Q3 earnings missed both revenue and EPS estimates, which is likely to negatively impact investor sentiment in the short term. Additionally, multiple analysts have lowered their price targets, further indicating a bearish outlook. However, the company's achievements in Generative AI and acquisitions may provide some long-term optimism.
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