Accenture (NYSE: ACN ) is expected to report Q3 earnings on June 28. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Accenture's revenues will expand 6.7% and EPS will improve 6.5%.
The average estimate for revenue is $7.17 billion. On the bottom line, the average EPS estimate is $0.99.
Last quarter, Accenture tallied revenue of $6.80 billion. GAAP reported sales were 12% higher than the prior-year quarter's $6.05 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.97. GAAP EPS of $0.97 for Q2 were 29% higher than the prior-year quarter's $0.75 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 31.1%, 60 basis points worse than the prior-year quarter. Operating margin was 13.1%, 30 basis points better than the prior-year quarter. Net margin was 9.5%, 120 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $28.06 billion. The average EPS estimate is $3.85.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,267 members out of 1,333 rating the stock outperform, and 66 members rating it underperform. Among 350 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 337 give Accenture a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Accenture is outperform, with an average price target of $62.03.
Is Accenture playing the right part in the new technology revolution? Computers, mobile devices, and related services are creating huge amounts of valuable data, but only for companies that can crunch the numbers and make sense of it. Meet the leader in this field in "The Only Stock You Need To Profit From the NEW Technology Revolution." Click here for instant access to this free report.