Key Takeaways
- Accenture is expected to report first-quarter fiscal 2025 results before the opening bell Thursday.
- Analysts expect revenue and net income to have climbed year-over-year.
- Last quarter, new generative AI bookings reached $1 billion.
Accenture (ACN) will report first-quarter fiscal 2025 earnings before the opening bell Thursday, and analysts see room for growth ahead of the results.
Of the 13 brokers covering the stock tracked by Visible Alpha, nine have a “buy” or equivalent rating, compared to four “hold” ratings. The consensus price target is roughly $386, an 8% premium over Monday’s intraday level.
Wall Street expects the Dublin-based professional services firm to report net income of $2.20 billion, or $3.41 per share, on revenue of $17.14 billion. A year ago, Accenture posted Q1 profit of $2.01 billion, or $3.10 per share, on revenue of $16.22 billion.
Last quarter, new generative AI bookings reached $1 billion, and Chief Executive Officer (CEO) Julie Sweet said that Accenture continued “to accelerate our leadership in Generative AI, which we believe is the most transformative technology of the next decade.”
Shares of Accenture, which edged lower Monday afternoon, are up 2% in 2024.
:max_bytes(150000):strip_icc()/GettyImages-2167939175-e19d101122f74314a4d0818c355f2df9.jpg?w=1200&resize=1200,0&ssl=1&description=What+Analysts+Think+of+Accenture+Stock+Ahead+of+Earnings){kind=link}