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Accenture (ACN) Q1 Earnings Report Preview: What To Look For

ACN Cover Image

Global professional services company Accenture (NYSE: ACN) will be reporting earnings this Thursday before market hours. Here’s what you need to know.

Accenture beat analysts’ revenue expectations last quarter, reporting revenues of $18.74 billion, up 6% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a slight miss of analysts’ full-year EPS guidance estimates.

Is Accenture a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Accenture’s revenue to grow 7.4% year on year, improving from the 5.4% increase it recorded in the same quarter last year.

Accenture Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Accenture has missed Wall Street’s revenue estimates multiple times over the last two years.

With Accenture being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for it services & other tech stocks. However, the whole sector has been hit hard over the last month as stocks in Accenture’s peer group are down 2.4% on average. Accenture is down 9.3% during the same time .

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