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What's in the Cards for Accenture (ACN) in Q3 Earnings?

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Accenture plc ACN is scheduled to report third-quarter fiscal 2022 results on Jun 23, before market open.

Let’s check out the expectations in detail.

Q3 Expectations in Detail

The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $16.06 billion, implying 21.1% growth from the year-ago reported figure. The consensus estimate lies within the guided range of $15.7-$16.15 billion.

Going by segments, the consensus estimate for Communications, Media & Technology revenues stands at $3.31 billion, indicating growth of 22.6% from the year-ago reported number. The consensus mark for Financial Services revenues is pegged at $3.13 billion, indicating a year-over-year increase of 20.5%. The consensus estimate for Health & Public Service revenues stands at $2.96 billion, indicating year-over-year growth of 17.8%. The consensus estimate for Products revenues is pegged at $4.50 billion, indicating a year-over-year increase of 22.5%. The consensus mark for Resources revenues stands at $2.11 billion, indicating year-over-year growth of 19.5%.

The consensus mark for earnings stands at $2.84 per share, implying 18.3% growth from the year-ago reported figure. The bottom line is expected to have benefited from higher revenues and operating results, as well as lower non-operating expenses.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for Accenture this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Accenture has an Earnings ESP of 0.00% and a Zacks Rank #3.

Accenture PLC Price and EPS Surprise

Accenture PLC Price and EPS Surprise
Accenture PLC Price and EPS Surprise

Accenture PLC price-eps-surprise | Accenture PLC Quote

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings this season.

Republic Services RSG has an Earnings ESP of +0.75% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Republic Services has an expected earnings growth rate of 11.9% for the current year. RSG delivered a trailing four-quarter earnings surprise of 8.3%, on average.

Republic Services’ long-term earnings growth rate is projected at 10.5%.

ABM Industries ABM has an Earnings ESP of +1.01% and a Zacks Rank of #3.

ABM Industries has an expected earnings growth rate of 1.9% for the current year. ABM delivered a trailing four-quarter earnings surprise of 10.9%, on average.

Mastercard MA has an Earnings ESP of +0.03% and a Zacks Rank #3.

Mastercard has an expected earnings growth rate of 25.2% for the current year. Mastercard delivered a trailing four-quarter earnings surprise of 14.2%, on average.

Mastercard’s long-term earnings growth rate is projected at 20.2%.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.


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