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Accenture First Quarter Earnings Preview
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ACN
Accenture (NYSE:ACN) will announce its first quarter earnings on Wednesday, December 19, 2012.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: How To Decode A Company's Earnings Reports
What to Expect: The consensus estimate for Accenture's earnings is $1.04 per share, up 8.3% from a year ago when the company reported earnings of 96 cents per share.
Though it hasn't changed in the last month, the consensus estimate is up from $1.01 three months ago. Analysts are expecting earnings of $4.27 per share for the fiscal year.
Accenture is expected to report revenue of $7.31 billion for the quarter, down by 3.7% from last year's figure of $7.59 billion. Accenture is expected to report revenue of $29.51 billion for the fiscal year.
Company Performance: The last two quarters have marked year-over-year rises in revenue. It increased 1.6% to $7.29 billion in fourth quarter of the last fiscal year and 6.1% in the quarter before.
P/E ratio for ACN is 18.4. Perhaps one of the most widely-used stock analysis tools is the price-to-earnings ratio, or P/E. To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: Understanding The P/E Ratio
The Competition: Accenture is a global management consulting, technology services, and outsourcing company. The majority of analysts (12 of 20) give Accenture a buy rating. They have grown pessimistic about the stock, as the number of buy ratings has dropped slightly over the past three months.
The company's closest competitor in the business services industry is Towers (TW). Analysts are less optimistic about Accenture than about Towers. Seven out of seven analysts rate the latter a buy.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: How To Decode A Company's Earnings Reports
What to Expect: The consensus estimate for Accenture's earnings is $1.04 per share, up 8.3% from a year ago when the company reported earnings of 96 cents per share.
Though it hasn't changed in the last month, the consensus estimate is up from $1.01 three months ago. Analysts are expecting earnings of $4.27 per share for the fiscal year.
Accenture is expected to report revenue of $7.31 billion for the quarter, down by 3.7% from last year's figure of $7.59 billion. Accenture is expected to report revenue of $29.51 billion for the fiscal year.
P/E ratio for ACN is 18.4. Perhaps one of the most widely-used stock analysis tools is the price-to-earnings ratio, or P/E. To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: Understanding The P/E Ratio
The Competition: Accenture is a global management consulting, technology services, and outsourcing company. The majority of analysts (12 of 20) give Accenture a buy rating. They have grown pessimistic about the stock, as the number of buy ratings has dropped slightly over the past three months.
The company's closest competitor in the business services industry is Towers (TW). Analysts are less optimistic about Accenture than about Towers. Seven out of seven analysts rate the latter a buy.
by
Investopedia Staff
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