Accenture (ACN) is expected to report third quarter revenue for fiscal year 2025 on Friday morning, with the market expecting stocks in professional services companies to reach a high of two or three months since release.
Based on the current options price, investors are hoping Accenture stock will move around 5.3% in both directions, following Friday’s earnings report. At the high end, it’s around $323, the highest price for Accenture stocks since mid-March, but at the low end of the move, the stock is just above $290.
Accenture stocks have fallen about 12% since the start of the year amid concerns that a cut in Trump administration’s government spending could clash with Accenture’s government contract revenues.
The stock sank 7% on the day of its earnings report last quarter when Accenture CEO confirmed investor fear and said “many new procurement measures have slowed” to cut government spending. However, in the previous three-quarters, Accenture’s stock increased by 7%, 5.6% and 7.3% on each report day.
Despite these concerns, Accenture’s revenue is projected to increase by 5% year-on-year to $17,333 billion, with estimates compiled by Visible Alpha, which forecasts earnings per share to rise by 8% to $3.29.
Of the 11 analysts tracked on Visible Alpha Call Accenture Stock a “Buy,” the other three rated “Hold.” They give the stock an average price target of $357.70. This is about 17% premium until the end of Wednesday. Accenture shares slid 1.8% to $306.38 on Wednesday.
