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S&P 500 (NYSE:SPY) component Accenture (NYSE:ACN) will unveil its latest earnings on Thursday, September 27, 2012. Accenture is a global management consulting, technology services, and outsourcing company.
Accenture Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 88 cents per share, a decline of 3.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 94 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 88 cents during the last month. Analysts are projecting profit to rise by 12.6% versus last year to $3.83.
Past Earnings Performance: Last quarter, the company beat estimates by 4 cents, coming in at net income of $1.03 a share versus the estimate of profit of 99 cents a share. It marked the fourth straight quarter of beating estimates.
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Stock Price Performance: Between June 27, 2012 and September 21, 2012, the stock price rose $9.38 (16.8%), from $55.87 to $65.25. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 15, 2012, when shares rose for eight straight days, increasing 7% (+$4.17) over that span. It saw one of its worst periods between May 2, 2012 and May 11, 2012 when shares fell for eight straight days, dropping 10% (-$6.52) over that span.
A Look Back: In the third quarter, profit rose 9.7% to $689.2 million ($1.03 a share) from $628 million (93 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.1% to $7.64 billion from $7.2 billion.
Analyst Ratings: With 14 analysts rating the stock a buy, none rating it a sell and eight rating the stock a hold, there are indications of a bullish stance by analysts.
Wall St. Revenue Expectations: On average, analysts predict $6.75 billion in revenue this quarter, a rise of 0.9% from the year-ago quarter. Analysts are forecasting total revenue of $27.8 billion for the year, a rise of 9% from last year’s revenue of $25.51 billion.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.51 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company regressed in this liquidity measure from 1.53 in the second quarter to the last quarter driven in part by a decrease in current assets. Current assets decreased 0.8% to $11.46 billion while liabilities rose by 0.7% to $7.59 billion.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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