Accenture Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Accenture plc ACN is expected to release earnings results for its second quarter, before the opening bell on March 21, 2024.

Analysts expect the Dublin, Ireland-based company to report quarterly earnings at $2.66 per share, down from $2.69 per share in the year-ago quarter. Accenture is projected to report quarterly revenue of $15.84 billion, according to data from Benzinga Pro.

On Wednesday, Accenture said it has acquired Flo Group to expand supply chain logistics capabilities in Europe.

Accenture shares gained 0.6% to close at $380.44 on Wednesday.

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.

• Stifel analyst David Grossman maintained a Buy rating and boosted the price target from $363 to $395 on March 18, 2024. This analyst has an accuracy rate of 70%.
• Citigroup analyst Ashwin Shirvaikar maintained a Buy rating and raised the price target from $385 to $430 on March 15, 2024. This analyst has an accuracy rate of 74%.
• Wedbush analyst Moshe Katri maintained an Outperform rating and increased the price target from $360 to $400 on March 12, 2024. This analyst has an accuracy rate of 70%.
• Deutsche Bank analyst Bryan Keane maintained a Buy rating and boosted the price target from $377 to $409 on March 11, 2024. This analyst has an accuracy rate of 74%.
• Baird analyst David Koning maintained a Neutral rating and boosted the price target from $364 to $375 on March 7, 2024. This analyst has an accuracy rate of 77%.

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