20.06.2024 13:33:51 - dpa-AFX: Accenture Revises Outlook; Stock Up In Pre-market
DUBLIN (dpa-AFX) - (Adds Outlook, stock movement)
Accenture has revised its annual outlook to include the impact of
foreign-exchange on its results.
The company now expects EPS in the range of $11.29 - $11.44, compared to the
previous outlook of $11.41 - $11.64.
Adjusted EPS outlook has been revised to $11.85 - $12.00 from $11.97 - $12.20.
For the full year, Accenture now expects revenue to grow range of 1.5 percent -
2.5 percent, compared with the previous outlook of 1 percent - 3 percent.
On average, 23 analysts polled by Thomson-Reuters expect the company to report
earnings of $12.08 per share on revenue growth of 1.60 percent.
In the pre-market activity today, the stock was up 5.83 percent or $16.65 to
$302.
Q3 Earnings:
Accenture revealed earnings for third quarter that decreased from last year and
missed the Street estimates.
The company's earnings came in at $1.93 billion, or $3.04 per share. This
compares with $2.01 billion, or $3.15 per share, in last year's third quarter.
Excluding items, Accenture plc reported adjusted earnings of $2.04 billion or
$3.13 per share for the period.
Analysts on average had expected the company to earn $3.15 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 0.5% to $16.47 billion from $16.56
billion last year.
Accenture plc earnings at a glance (GAAP) :
-Earnings (Q3): $1.93 Bln. vs. $2.01 Bln. last year.
-EPS (Q3): $3.04 vs. $3.15 last year.
-Revenue (Q3): $16.47 Bln vs. $16.56 Bln last year.
-Guidance:
Next quarter revenue guidance: $16.05 - $16.65 Bln
Full year EPS guidance: $11.85 - $12.00
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