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Accenture Ltd. (NYSE:ACN) will unveil its latest earnings on Thursday, March 22, 2012. Accenture is a global management consulting, technology services, and outsourcing company.
Accenture Ltd. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 86 cents per share, a rise of 14.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 85 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 12.1% versus last year to $3.81.
Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at profit of 96 cents a share versus the estimate of net income of 94 cents a share. It marked the fourth straight quarter of beating estimates.
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Wall St. Revenue Expectations: Analysts are projecting a rise of 9.6% in revenue from the year-earlier quarter to $6.63 billion.
Analyst Ratings: Analysts are high on the stock, with 14 analysts rating it as a buy, one rating it as a sell and five rating it as a hold.
A Look Back: In the first quarter, profit rose 20.1% to $642.1 million (96 cents a share) from $534.7 million (81 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 17.1% to $7.59 billion from $6.48 billion.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 19.5%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 23% from the year earlier quarter.
The company has seen net income rise in three straight quarters. Net income rose 37.4% in the fourth quarter of the last fiscal year and 28% in the third quarter of the last fiscal year.
Stock Price Performance: Between December 19, 2011 and March 16, 2012, the stock price rose $10.12 (18.9%), from $53.50 to $63.62. The stock price saw one of its best stretches over the last year between June 17, 2011 and July 7, 2011, when shares rose for 14 straight days, increasing 17.6% (+$9.38) over that span. It saw one of its worst periods between December 29, 2011 and January 9, 2012 when shares fell for seven straight days, dropping 3.9% (-$2.10) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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