Stay Ahead of the Game With Accenture (ACN) Q3 Earnings: Wall Street's Insights on Key Metrics

In its upcoming report, Accenture (ACN) is predicted by Wall Street analysts to post quarterly earnings of $3.29 per share, reflecting an increase of 5.1% compared to the same period last year. Revenues are forecasted to be $17.21 billion, representing a year-over-year increase of 4.5%.The consensus EPS estimate for the quarter has been revised 1.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.That said, let's delve into the average estimates of some Accenture metrics that Wall Street analysts commonly model and monitor.Analysts expect 'Revenue- Type of Work- Consulting' to come in at $8.63 billion. The estimate indicates a change of +2.1% from the prior-year quarter.Based on the collective assessment of analysts, 'Revenue- Type of Work- Managed Services' should arrive at $8.56 billion. The estimate indicates a change of +6.9% from the prior-year quarter.Analysts' assessment points toward 'Revenue- Industry Groups- Product' reaching $5.19 billion. The estimate indicates a change of +4.2% from the prior-year quarter.The combined assessment of analysts suggests that 'Revenue- Industry Groups- Health & Public Service' will likely reach $3.76 billion. The estimate suggests a change of +6.9% year over year.Analysts predict that the 'Revenue- Industry Groups- Financial services' will reach $2.94 billion. The estimate suggests a change of +1.5% year over year.Analysts forecast 'Revenue- Industry Groups- Communications, Media & Technology' to reach $2.82 billion. The estimate indicates a year-over-year change of +2%.The collective assessment of analysts points to an estimated 'Geographic Revenue- Americas' of $8.75 billion. The estimate points to a change of +11.7% from the year-ago quarter.The consensus among analysts is that 'Geographic Revenue- Asia Pacific' will reach $2.22 billion. The estimate indicates a change of -22.3% from the prior-year quarter.The consensus estimate for 'Geographic Revenue- EMEA' stands at $6.12 billion. The estimate suggests a change of +6% year over year.The average prediction of analysts places 'New Bookings - Total' at $21.44 billion. Compared to the present estimate, the company reported $21.06 billion in the same quarter last year.It is projected by analysts that the 'New Bookings - Managed Services' will reach $11.92 billion. The estimate is in contrast to the year-ago figure of $11.78 billion.According to the collective judgment of analysts, 'New Bookings - Consulting' should come in at $9.52 billion. The estimate is in contrast to the year-ago figure of $9.28 billion.View all Key Company Metrics for Accenture here>>>Over the past month, Accenture shares have recorded returns of -1.9% versus the Zacks S&P 500 composite's +1.7% change. Based on its Zacks Rank #3 (Hold), ACN will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accenture PLC (ACN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks