Accenture Third Quarter Earnings Sneak Peek

Accenture (NASDAQ:ACN) will unveil its latest earnings on Thursday, June 23, 2011. Accenture plc is a global management consulting, technology services and outsourcing company.

Accenture plc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst is estimating net income of 89 cents per share, a rise of 21.9% from the same quarter a year ago. Estimates range from profit of 83 cents per share to net income of 92 cents per share. Over the past three months, the consensus estimate has moved up from 85 cents. The consensus estimate is unchanged from a month ago. For the year, analysts are projecting profit of $3.27 per share, a rise of 22.9% 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 4 cents, reporting net income of 75 cents per share against a mean estimate of profit of 71 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $6.43 billion in revenue this quarter, a rise of 15.4% from the year ago quarter. Analysts are forecasting total revenue of $24.7 billion for the year after last year’s revenue of $21.55 billion.

Analyst Ratings: Analysts are bullish on this stock with 19 analysts rating it as a buy and none rating it as a sell. While the average rating for the stock remains a moderate buy, the strength of the rating has dwindled over the past three months.

Key Stats:

The company has now seen net income rise in three-straight quarters. In the second quarter, net income rose 25.8% while it rose 20.2% in the first quarter and 74.9% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 17.3% to $6.5 billion in second quarter. The figure rose 12.7% in the first quarter from the year earlier, climbed 6% in the fourth quarter of the last fiscal year from the year-ago quarter and 7.9% in the third quarter of the last fiscal year.

Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), Oracle Corporation (NASDAQ:ORCL), Genpact Limited (NYSE:G), Microsoft Corporation (NASDAQ:MSFT), Hewlett-Packard Company (NYSE:HPQ), Towers Watson & Co (NYSE:TW), Infosys Tech. Ltd. (NASDAQ:INFY), Wipro Limited (NYSE:WIT) and Ariba, Inc. (NASDAQ:ARBA).

Stock Price Performance: The stock price saw one of its best stretches over the last year between September 28, 2010 and October 7, 2010 when shares rose for eight-straight days, rising 9.4% (+$3.85) over that span. It saw one of its worst periods between March 4, 2011 and March 10, 2011 when shares fell for five-straight days, falling 2.4% (-$1.25) over that span.

(Source: Xignite Financials)

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