Accenture (ACN) Q1 Earnings and Revenues Surpass Estimates

Core Viewpoint - Accenture reported quarterly earnings of $3.59 per share, exceeding the Zacks Consensus Estimate of $3.38 per share, and showing an increase from $3.27 per share a year ago, indicating a 6.21% earnings surprise [1][2]. Financial Performance - The company achieved revenues of $17.69 billion for the quarter ended November 2024, surpassing the Zacks Consensus Estimate by 3.08%, compared to $16.22 billion in the same quarter last year [2]. - Over the last four quarters, Accenture has exceeded consensus EPS estimates three times and topped revenue estimates two times [2]. Stock Performance and Outlook - Accenture shares have declined approximately 0.9% since the beginning of the year, contrasting with the S&P 500's gain of 23.1% [4]. - The current consensus EPS estimate for the upcoming quarter is $2.79 on revenues of $16.67 billion, and for the current fiscal year, it is $12.68 on revenues of $68.37 billion [8]. Industry Context - The Computers - IT Services industry, to which Accenture belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9].