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Accenture Stock Slips as Bookings Fall Short of Estimates

Accenture Stock Slips as Bookings Fall Short of Estimates


Accenture (ACN) stock fell in premarket trading Friday as the professional services firm’s fiscal third-quarter bookings fell short of analysts’ estimates.

The company reported earnings per share (EPS) of $3.49 on revenue that grew 8% year-over-year to $17.73 billion. Analysts had expected $3.29 and $17.33 billion, respectively, according to estimates compiled by Visible Alpha.

However, Accenture’s $19.7 billion in bookings fell well short of the $21.5 billion analyst consensus. Both consulting and managed services bookings were below what analysts had forecast.

Accenture lifted the bottom end of its full-year revenue forecast again, now projecting 6% to 7% growth from fiscal 2024, and also raised its EPS estimate to $12.77 to $12.89. Last quarter, Accenture raised the lower end of its fiscal 2025 revenue growth and EPS ranges, forecasting 5% to 7% sales growth and EPS of $12.55 to $12.79.

Despite the solid top- and bottom-line results, Accenture shares were down 4% immediately following the report’s release. They entered Friday down about 13% since the start of the year.

UPDATE—This article has been updated with the latest share price information and Accenture’s bookings.


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