Accenture PLC reports results for the quarter ended August 31 - Earnings Summary

• Accenture PLC ACN reported quarterly adjusted earnings of $3.03​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $2.79. The mean expectation of seventeen analysts for the quarter was for earnings of $2.96 per share. Wall Street expected results to range from $2.90 to $3.08 per share.

• Revenue rose 7.3% to $17.60 billion from a year ago; analysts expected $17.36 billion.

• Accenture PLC's reported EPS for the quarter was $2.25​.

• The company reported quarterly net income of $1.42 billion.

• Accenture PLC shares had fallen by 20.0% this quarter and lost 32.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Accenture PLC is $302.50, about 21% above its last closing price of $239.08

This summary was machine generated from LSEG data September 25 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)