I remain bullish on Accenture plc stock due to their strong AI and cloud capabilities, with a one-year target price of $410 per share. Accenture's Consulting business shows early recovery signs, with 3% constant revenue growth, benefiting from potential interest rate cuts and increased AI demand. Accenture's restructuring towards AI and cloud computing is crucial for long-term growth, despite near-term margin compression from headcount increases in data and AI areas.
Accenture plc (NYSE:ACN ) Q4 2024 Earnings Conference Call September 26, 2024 8:00 AM ET Company Participants Katie O'Conor - Managing Director, Head of IR Julie Sweet - Chair & CEO KC McClure - Current CFO Angie Park - Incoming CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Jason Kupferberg - Bank of America Keith Bachman - BMO Bryan Keane - Deutsche Bank Dan Dolev - Mizuho Jim Schneider - Goldman Sachs Bryan Bergin - TD Cowen Operator Thank you for standing-by. Welcome to Accenture's Fourth Quarter Fiscal 2024 Earnings Call.
Accenture chair and CEO Julie Sweet joins CNBC's 'Squawk on the Street' to discuss the company's fourth quarter earnings beat, the value of AI for its future, and more.
While the top- and bottom-line numbers for Accenture (ACN) give a sense of how the business performed in the quarter ended August 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Accenture (ACN) shares surged Thursday when the business management consultant reported better-than-expected revenue and gave solid guidance as it boosted bookings on higher demand for generative artificial intelligence (Gen AI) services. The company also increased its dividend and stock buyback program.
The trading day opened strong off a big beat for Micron's (MU) earnings, the chip stock wasn't alone in finding success. Accenture (ACN) rallied off its earnings, as did Southwest Airlines (LUV) after raising its revenue forecast.
Accenture (ACN) came out with quarterly earnings of $2.79 per share, beating the Zacks Consensus Estimate of $2.77 per share. This compares to earnings of $2.71 per share a year ago.
The management consulting and tech company beats earnings estimates by a penny and increases its quarterly dividend by 15%.
Accenture forecast annual revenue below Wall Street estimates on Thursday, as ongoing reductions in enterprise spending continue to weigh on the professional services sector.
Accenture plc ACN will release earnings results for its fourth quarter, before the opening bell on Thursday, Sept. 26.
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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Accenture (ACN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended August 2024.