Accenture Reports Q3 Beat, RBC Capital Reduces Estimates
<p><a href='https://financialmodelingprep.com/financial-summary/ACN'>Accenture plc (NYSE:ACN)</a> reported its Q3 earnings results, with EPS coming in at $2.79, better than the Street estimate of $2.67. Quarterly revenue was $16.2 billion, beating the Street estimate of $14.97 billion. The results were highlighted by strong double-digit growth across all services and a continuation of strong booking momentum. </p>
<p>Guidance tightened EPS ranges towards the lower end on increased FX headwinds and this quarter’s Russian charge. Full 2022-year revenue growth guidance was raised to 25.5%-26.5% in local currency.</p>
<p>Following the results, analysts at RBC Capital adjusted their 2022 and 2023 revenue/EPS estimates to $61.19 billion/$10.64 and $67.13 billion/$12.10 from $61.71 billion/$10.75 and $67.97 billion/$12.20, respectively. They reduced the price target to $357 from $435, while maintaining their outperform rating.</p>

NYSE:ACN