Accenture Reports Very Strong Third-Quarter Results and Raises Business Outlook for Fiscal 2021

Accenture plc (ACN) PT Raised to $316 at Cowen

Cowen analyst Bryan Bergin raised the price target on Accenture plc (NYSE: ACN) to $316.00 (from $305.00) while maintaining an Outperform rating.

The analyst commented, "Continued recovery momentum (and then some) was evident via robust bookings growth & a solid revenue view. Organic pipeline replenishment underpinned bullish... More

Accenture plc (ACN) PT Raised to $319 at Jefferies

Jefferies analyst Surinder Thind raised the price target on Accenture plc (NYSE: ACN) to $319.00 (from $309.00) while maintaining a Hold rating.

Accenture plc (ACN) PT Raised to $342 at Stifel

Stifel analyst David Grossman raised the price target on Accenture plc (NYSE: ACN) to $342.00 (from $305.00) while maintaining a Buy rating following strong results.

The analyst commented, "A strong beat and raise quarter was highlighted by accelerating growth across all segments after adjusting... More

Accenture (ACN) Surges After 'Very Strong' Q3 Results, Broadly Bullish Results Likely to Continue Driving Shares Higher Says Analyst

Shares of Accenture (NYSE: ACN) rose 4% in pre-open Thursday after the tech consulting and services company reported better-than-expected third-quarter earnings and revenue results, as well as strong guidance.

ACN reported adjusted earnings of $2.4 per share for the quarter that ended on May 30, 26% up from the year-ago period, while revenue climbed 21% to $13.3 billion. This compares to analysts expectations of adjusted earnings per share of $2.24 per share on revenue of $12.77 billion.

Our outstanding financial results reflect our continued momentum driven by the demand for digital transformation, the depth and breadth of our client relationships... More

Accenture (ACN) Tops Q3 EPS by 17c, Updates FY Guidance

Accenture (NYSE: ACN) reported Q3 EPS of $2.40, $0.17 better than the analyst estimate of $2.23. Revenue for the quarter came in at $13.3 billion versus the consensus estimate of $12.54 billion.

GUIDANCE:

Accenture sees FY2021 EPS of $8.71-$8.80, versus the consensus of $8.48.