Consensus On Accenture 'Looks About Right,' Susquehanna Says
Accenture Plc (NYSE: ACN) is expected to post third-quarter results on Thursday. The report will be issued before the market open.
Susquehanna analyst James Friedman previewed the quarterly results in a note Tuesday morning.
"While our checks surface pros and cons – and the weird timing overlap of earnings with Brexit may be a lunar eclipse – we think consensus looks about right," Friedman said.
The analyst has modeled for third-quarter earnings of $1.37, below the analyst consensus estimate of $1.41.
Friedman's FY16 estimates: EPS of $5.30 on sales of $32.355 billion. Street-wide consensus estimates: EPS of $5.32 on sales of $32.6 billion.
Susquehanna maintained a Positive rating and $130 price target on shares of Accenture.
Latest Ratings for ACN
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Goldman Sachs | Maintains | Neutral | |
| Jan 2022 | Goldman Sachs | Initiates Coverage On | Neutral | |
| Dec 2021 | Barclays | Maintains | Overweight |
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