Accenture Plc ACN reported downbeat third-quarter earnings results on Thursday.
Accenture missed on sales and earnings this morning -- barely. The IT consulting company did note that bookings surged 22% in the quarter, with strong growth in bookings of AI orders.
Accenture's (ACN) third-quarter fiscal 2024 earnings and revenues decline y/y.
Accenture Plc (NYSE: ACN) has lost more than 25% over the past three months but a Deutsche Bank analyst warns against hoping for a swift recovery. ACN does, however, pay a dividend yield of 1.71% at writing.
U.S. stocks traded mostly higher midway through trading, with the Dow Jones gaining over 50 points on Thursday.
Accenture plc (NYSE:ACN ) Q3 2024 Earnings Call Transcript June 20, 2024 8:00 AM ET Company Participants Katie O'Conor - Managing Director, Head of Investor Relations Julie Sweet - Chair and Chief Executive Officer KC McClure - Chief Financial Officer Conference Call Participants Tien-Tsin Huang - JPMorgan Dave Koning - Baird Bryan Keane - Deutsche Bank Rod Bourgeois - DeepDive Equity Research Bryan Bergin - TD Cowen James Faucette - Morgan Stanley Keith Bachman - BMO Operator Ladies and gentlemen, thank you for standing by. Welcome to Accenture's Third Quarter Fiscal 2024 Earnings Conference Call.
Accenture NYSE: ACN is a global leader in professional services and technology consulting. Accenture's third-quarter earnings revealed a company strategically positioned for growth within the rapidly evolving technological sector.
Accenture (ACN) shares rose Thursday after the consulting giant reported third-quarter results that saw profit beat estimates and artificial intelligence (AI)-related bookings surge.
The headline numbers for Accenture (ACN) give insight into how the company performed in the quarter ended May 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Accenture plc delivered strong results with a 22% increase in new bookings, surprising investors. Despite a high valuation at 23x next year's EPS, Accenture's solid balance sheet and shareholder returns make it an attractive investment. The company's growth prospects, industry expertise, and commitment to innovation justify the premium valuation and support a bullish outlook.
Accenture (ACN) came out with quarterly earnings of $3.13 per share, missing the Zacks Consensus Estimate of $3.14 per share. This compares to earnings of $3.19 per share a year ago.
Accenture stock gained Thursday despite missing expectations for Q3 earnings and sales. The firm touted its AI growth.