Accenture Analysts Cut Their Forecasts After Q3 Results

Benzinga06-22 22:27

Accenture plc (NYSE:ACN) on Thursday reported fiscal third-quarter 2026 results that beat earnings estimates but missed revenue expectations and issued a weaker-than-expected revenue outlook.

Accenture reported third-quarter earnings of $3.80 per share, exceeding analysts’ estimates of $3.69. Revenue rose 6% year over year in U.S. dollars, or 3% in local currency, to $18.72 billion, slightly below the consensus estimate of $18.75 billion.

For fiscal 2026, Accenture narrowed its revenue guidance to $71.763 billion to $72.460 billion from its previous range of $71.763 billion to $73.157 billion. The updated outlook fell below analysts’ estimate of $74.006 billion.

The company increased its adjusted earnings forecast to $13.78 to $13.90 per share from $13.65 to $13.90. Analysts expect adjusted earnings of $13.85 per share.

For the fiscal fourth quarter, the company expects revenue of $17.75 billion to $18.40 billion, compared with analysts’ estimate of $18.47 billion.

Accenture shares fell 2.7% to trade at $124.38 on Monday.

These analysts made changes to their price targets on Accenture following earnings announcement.

  • Morgan Stanley analyst James Faucette maintained the stock with an Equal-Weight rating and lowered the price target from $177 to $130.
  • Guggenheim analyst Jonathan Lee maintained Accenture with a Buy and lowered the price target from $225 to $185.

Considering buying ACN stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment