Accenture Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Accenture plc ACN is projected to release financial results for its first quarter fiscal 2024, before the opening bell on Dec. 19, 2023.

Analysts expect the company to post quarterly earnings at $3.14 per share, up from year-ago earnings of $3.08 per share. The company’s revenue might come in at $16.20 billion for the latest quarter, according to data from Benzinga Pro.

Accenture recently entered into an agreement to acquire management consultancy Vocatus.

Accenture shares rose 0.4% to close at $344.15 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wedbush analyst Moshe Katri maintained an Outperform rating and increased the price target from $330 to $360 on Dec. 14, 2023. This analyst has an accuracy rate of 65%.
• Redburn Atlantic analyst Alex Haissl initiated coverage on the stock with a Buy rating and a price target of $410 on Nov. 16, 2023. This analyst has an accuracy rate of 66%.
• BMO Capital analyst Keith Bachman maintained a Market Perform rating and slashed the price target from $360 to $350 on Sept. 29, 2023. This analyst has an accuracy rate of 81%.
• Baird analyst David Koning maintained a Neutral rating and cut the price target from $332 to $322 on Sept. 29, 2023. This analyst has an accuracy rate of 73%.
• Citigroup analyst Ashwin Shirvaikar maintained a Buy rating with a price target of $358 on Sept. 18, 2023. This analyst has an accuracy rate of 75%.

Read This Next: Top 4 Defensive Stocks That May Fall Off A Cliff In December