Why Accenture Stock Is Down Today
(NYSE: ACN) delivered solid quarterly results but forecast an uncertain future. Investors are largely focused on what's to come and sent shares of the consulting giant down 8% as of 11:45 a.m. ET.
Accenture earned $2.77 per share in the quarter on sales of $15.8 billion, slightly better than Wall Street's estimate of $2.66 per share on revenue of $15.8 billion. The sales figure came in the middle of the company's range, fueled by strong growth in emerging markets and 11% growth in revenue from healthcare projects.
But beneath the headline numbers, there were some signs of weakness. Revenue was flat in Europe and down slightly in North America, and large sectors, like communications and financial services, saw sales declines.
Source Fool.com
Accenture plc A Stock
€282.00
0.970%
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
As a result the target price of 352 € shows a positive potential of 24.82% compared to the current price of 282.0 € for Accenture plc A.
