Stock Analysis
Accenture (NYSE:ACN) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$16.5b (flat on 3Q 2023).
- Net income: US$1.93b (down 3.9% from 3Q 2023).
- Profit margin: 12% (in line with 3Q 2023).
- EPS: US$3.08 (down from US$3.18 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Accenture Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are up 7.8% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Accenture that you need to be mindful of.
Valuation is complex, but we're helping make it simple.
Find out whether Accenture is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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Valuation is complex, but we're helping make it simple.
Find out whether Accenture is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NYSE:ACN
Accenture
A professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide.
Excellent balance sheet established dividend payer.