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.
Revenue details
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.
EPS details
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.
Recent performance
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.
Looking ahead
The full year's average estimate for revenue is $28.06 billion. The average EPS estimate is $3.85.
Investor sentiment
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.
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