S&P 500 (NYSE:SPY) component Accenture (NYSE:ACN) will unveil its latest earnings on Thursday, June 28, 2012. Accenture is a global management consulting, technology services, and outsourcing company.
Accenture Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 99 cents per share, a rise of 6.5% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of $3.86 per share, a rise of 13.5% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 11 cents, reporting profit of 97 cents per share against a mean estimate of net income of 86 cents per share.
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Stock Price Performance: Between March 28, 2012 and June 22, 2012, the stock price fell $6.94 (-10.8%), from $64.50 to $57.56. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 7, 2011, when shares rose for 10 straight days, increasing 13.9% (+$7.75) over that span. It saw one of its worst periods between May 2, 2012 and May 11, 2012 when shares fell for eight straight days, dropping 10% (-$6.52) over that span.
Wall St. Revenue Expectations: Analysts predict a rise of 6.5% in revenue from the year-earlier quarter to $7.16 billion.
Analyst Ratings: With 14 analysts rating the stock a buy, none rating it a sell and seven rating the stock a hold, there are indications of a bullish stance by analysts.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.53 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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