What Analysts Think About Accenture Stock Prior to Earnings

Key Takeaways

• Accenture will announce its fiscal second-quarter results ahead of the opening of the markets on Thursday.
• Analysts are bullish and expect the stock to recover the roughly 20 percent it has lost since February.
• Analysts have recently said they see a "cautious" spending environment among Accenture's clients, which could hurt the coming quarters.

Analysts expect Accenture to reverse its recent losses when it reports earnings for the second fiscal quarter of 2025.

Nine analysts who follow the company and are tracked by Visible Alpha rate Accenture as a "buy," while three others call it a "hold." The average price target of $399.09 is a premium of more than 20% from the stock's Monday close. Accenture’s stock has fallen nearly 19% since its peak of $398.25, its highest close in the last three years.

The Irish company is expected report adjusted earnings per share ($2.81/share) on revenue of $16.61 Billion, up from $2.77/share and $15.8/share respectively that it posted at the same time last year.

Analysts See 'Cautious' Client Spending Environment

Analysts from Morgan Stanley and Jefferies have recently lowered their respective price targets, to $372 and 320 respectively, while maintaining neutral ratings. Analysts at Jefferies said that their research had indicated that “clients” have become more cautious over the past month.

The Jefferies analysts said they don't think that caution will affect Accenture's second-quarter results, saying the quarter will be "likely fine." However, they believe spending from their clients in the coming months will "experience heightened review before being given the go-ahead," which could lead Accenture to lower its full-year revenue forecast.

The company exceeded analysts’ expectations last quarter and raised its full-year revenue forecast, but lowered EPS projections due to unfavorable currency exchange rates.