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What you need to know
- Accenture’s first quarter fiscal 2025 results are expected before Thursday morning’s opening bell.
- Analysts anticipate that revenue and profit will have increased year over year.
- Last quarter, new generative AI bookings reached $1 billion.
Analysts expect Accenture to report its first quarter fiscal 2025 results before Thursday’s opening bell.
Of the 13 brokers covering the stock tracked by Visible Alpha, nine have a "buy" or equivalent rating, compared to four "hold" ratings. The consensus price target is roughly $386, an 8% premium over Monday's intraday level.
Wall Street anticipates that the Dublin-based firm of professional services will report a net profit of $2.20 Billion, or $3.41 a share, with revenue of $17.14 Billion. Accenture reported a Q1 profit in 2013 of $2.01billion, or $3.10 / share on revenues of 16.22 billion.
Last quarter, new generative AI bookings reached $1 billion, and Chief Executive Officer (CEO) Julie Sweet said that Accenture continued “to accelerate our leadership in Generative AI, which we believe is the most transformative technology of the next decade.”
Accenture’s shares are expected to rise 2% by 2024, despite a slight decline on Monday.
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