Accenture Reports EPS Beat, While Outlook Worse Than Expected
<p><a href='https://financialmodelingprep.com/financial-summary/ACN'>Accenture (NYSE:ACN)</a> reported its Q4 results, with EPS of $2.60 coming in better than the Street estimate of $2.58. Revenue was $15.4 billion, slightly missing the Street estimate of $15.44 billion.</p>
<p>The company provided its full 2023-year outlook, expecting EPS to be in the range of $11.09-$11.41, lower than the Street estimate of $12.00.</p>
<p>Analysts at RBC Capital noted that management tends to set conservative guidance initially, which it then increases throughout the year. They lowered their price target on the company’s shares to $335 from $357, while reiterating their outperform rating.</p>
<p>Furthermore, the company’s Board of Directors approved an additional share repurchase of $3.0 billion, bringing the company’s total outstanding authority to approximately $6.1 billion.</p>

NYSE:ACN