What Analysts Think of Accenture Stock Ahead of Earnings | Global News Avenue

Accenture (ACN) Plans to report earnings for the second quarter of fiscal 2025 on Thursday morning, and analysts expect consulting and professional services stocks to reverse their recent losses.

Nine analysts who followed the company and were tracked by visible Alpha Rate Accenture as a “buy”, while three others called it “hold.” The average price target of $399.09 is more than 20% higher than the stock’s closing price on Monday. Since peaking on February 5, reaching $398.25, its highest closing price in three years, Accenture shares fell nearly 19% on Monday’s highest revenue.

The Irish company is expected to earn $2.81, with revenue of $16.61 billion, with revenue per share of $2.77 and $15.8 billion, respectively. At the same time a year ago.

Analysts view “cautious” customer spending environment

Analysts at Morgan Stanley and Jefferies recently lowered their price targets to $372 and $320, respectively, following Thursday’s report Neutral rating. As Jefferies analysts said their research shows that “analysts have cut estimates of Accenture’s full-year revenue, and their research shows that “in the past month, clients have become more cautious.”

Jefferies analyst They said they don’t think caution would affect Accenture’s second-quarter results, saying the quarter could be “good”. However, they believe spending from customers in the coming months will “experience higher scrutiny before approval”, which could lead to Accenture lowering its full-year revenue forecast.

Last quarterthe highest company Analysts’ expectations and canceled its full-year revenue outlook, while lowering EPS forecasts due to adverse exchange rates.