Unveiling Accenture (ACN) Q2 Outlook: Wall Street Estimates for Key Metrics

Wall Street analysts expect Accenture (ACN) to post quarterly earnings of $2.84 per share in its upcoming report, which indicates a year-over-year increase of 2.5%. Revenues are expected to be $16.58 billion, up 4.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.That said, let's delve into the average estimates of some Accenture metrics that Wall Street analysts commonly model and monitor.Analysts' assessment points toward 'Revenue- Type of Work- Consulting' reaching $8.31 billion. The estimate indicates a change of +3.7% from the prior-year quarter.Based on the collective assessment of analysts, 'Revenue- Type of Work- Managed Services' should arrive at $8.22 billion. The estimate indicates a change of +5.7% from the prior-year quarter.According to the collective judgment of analysts, 'Revenue- Industry Groups- Product' should come in at $5.01 billion. The estimate indicates a year-over-year change of +5.3%.The consensus estimate for 'Revenue- Industry Groups- Health & Public Service' stands at $3.67 billion. The estimate points to a change of +10% from the year-ago quarter.Analysts predict that the 'Revenue- Industry Groups- Financial services' will reach $2.86 billion. The estimate indicates a year-over-year change of +1.8%.It is projected by analysts that the 'Revenue- Industry Groups- Communications, Media & Technology' will reach $2.69 billion. The estimate suggests a change of +1.4% year over year.The consensus among analysts is that 'Geographic Revenue- North America' will reach $8.23 billion. The estimate indicates a change of +11.6% from the prior-year quarter.Analysts forecast 'Geographic Revenue- Growth Markets' to reach $2.46 billion. The estimate indicates a year-over-year change of -12.8%.The average prediction of analysts places 'Geographic Revenue- EMEA' at $5.88 billion. The estimate indicates a year-over-year change of +5.1%.Analysts expect 'New Bookings - Total' to come in at $21.30 billion. Compared to the current estimate, the company reported $21.58 billion in the same quarter of the previous year.The combined assessment of analysts suggests that 'New Bookings - Managed Services' will likely reach $11.36 billion. Compared to the present estimate, the company reported $11.06 billion in the same quarter last year.The collective assessment of analysts points to an estimated 'New Bookings - Consulting' of $9.94 billion. The estimate is in contrast to the year-ago figure of $10.52 billion.View all Key Company Metrics for Accenture here>>>Accenture shares have witnessed a change of -17.8% in the past month, in contrast to the Zacks S&P 500 composite's -7.7% move. With a Zacks Rank #3 (Hold), ACN is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accenture PLC (ACN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks