Accenture (ACN) Misses Q2 Earnings Estimates

Group 1: Earnings Performance - Accenture reported quarterly earnings of $2.82 per share, missing the Zacks Consensus Estimate of $2.84 per share, but showing an increase from $2.77 per share a year ago, representing an earnings surprise of -0.70% [1] - The company posted revenues of $16.66 billion for the quarter ended February 2025, surpassing the Zacks Consensus Estimate by 0.50%, compared to year-ago revenues of $15.8 billion [2] - Over the last four quarters, Accenture has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Accenture shares have declined approximately 7.8% since the beginning of the year, while the S&P 500 has seen a decline of -3.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $3.27 on revenues of $17.18 billion, and for the current fiscal year, it is $12.69 on revenues of $68.39 billion [7] Group 3: Industry Context - The Computers - IT Services industry, to which Accenture belongs, is currently in the top 33% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5] - The current estimate revisions trend for Accenture is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6]