Accenture will report its third-quarter results Thursday before market hours, with the market expecting revenue to grow 2.5% year on year, a slowdown from the 7.3% increase recorded in the same quarter last year. Last quarter the global professional services company reported revenues of $18.72 billion, up 5.6% year on year, meeting analysts' revenue expectations, though its revenue guidance for the next quarter missed expectations. Most analysts covering Accenture have reconfirmed their estimates over the last 30 days, and the company rarely misses Wall Street's revenue estimates. Accenture is the first among its peers to report earnings this season, leaving no other results to hint at how the quarter will unfold for IT services and other tech stocks. The broader sector has sold off over the last month, with Accenture's peer group down 4.7% on average while Accenture itself is down 6.5% over the same period.
Accenture plcAccenture is about to report Q3 results with expected 2.5% revenue growth, a slowdown from last year's 7.3%, and its prior guidance missed expectations.
