Accenture Analysts Cut Their Forecasts After Q4 Results

Accenture plc ACN reported mixed fourth-quarter financial results and issued weak FY24 adjusted EPS guidance.

The company reported quarterly revenue growth of 4% Y/Y to $15.98 billion, missing the consensus of $16.07 billion. Adjusted EPS of $2.71 beat the consensus of $2.66.

Accenture expects FY24 revenue growth of 2%-5% in local currency and adjusted EPS of $11.97-$12.32 vs. consensus of $12.46.

Accenture shares gained 2.2% to trade at $307.40 on Friday.

These analysts made changes to their price targets on Accenture following earnings announcement.

  • Piper Sandler cut the price target on Accenture from $312 to $300. Piper Sandler analyst Arvind Ramnani maintained a Neutral rating.
  • Baird lowered the price target on Accenture from $332 to $322. Baird analyst David Koning maintained a Neutral rating.
  • TD Cowen slashed the price target on Accenture from $312 to $300. TD Cowen analyst Bryan Bergin maintained a Market Perform rating.
  • BMO Capital cut the price target on Accenture from $360 to $350. BMO Capital analyst Keith Bachman maintained a Market Perform rating.

Check This Out: Pinterest, Cloudflare And 2 Other Stocks Insiders Are Selling

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPrice TargetIntraday UpdateMarketsAnalyst RatingsTrading IdeasPT Changes
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!