Accenture (ACN) is ready to report earnings for the third quarter of fiscal 2025 on Friday morning, with markets anticipating that the skilled companies agency’s inventory will attain both a two-month low or a three-month excessive following the discharge.
Primarily based on present choices costs, buyers count on Accenture inventory to maneuver roughly 5.3% in both route following Friday’s earnings report. On the excessive finish, that will be about $323, which might be Accenture inventory’s highest value since mid-March, whereas the low finish of the transfer would put the inventory simply above $290.
Accenture shares are down about 12% for the reason that begin of the yr amid considerations the Trump administration’s authorities spending cuts may hit Accenture’s authorities contracts income.
The inventory sank 7% the day of final quarter’s earnings report, when Accenture’s CEO confirmed buyers’ fears, saying “many new procurement actions have slowed” with the push to chop authorities spending. Within the three quarters earlier than that, nevertheless, Accenture shares rose 7%, 5.6%, and seven.3% on the day of every report.
Regardless of these considerations, Accenture’s income is projected to rise 5% year-over-year to $17.33 billion, with earnings per share forecast to rise 8% to $3.29, in keeping with estimates compiled by Seen Alpha.
Eight of the 11 analysts tracked by Seen Alpha name Accenture inventory a “purchase,” whereas the opposite three price it as a “maintain.” They provide the inventory a mean value goal of $357.70, a premium of roughly 17% to Wednesday’s shut. Accenture shares slid 1.8% to $306.38 on Wednesday.
