Accenture beats by a penny; guides Feb Q EPS below consensus (ACN) Reports Q1 (Nov) earnings of $0.32 per share, $0.01 better than the Reuters Estimates consensus of $0.31; revenues rose 13.9% year/year to $4.07 bln vs the $3.61 bln consensus. Co sees Q2 (Feb) EPS of $0.30-0.32, ex items; on revs of $3.6-3.75 bln (Reuters consensus $0.33, $3.67 bln). Co sees Y05 EPS $1.35-1.40, ex items (consensus $1.38).
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Accenture Ltd-ACN raising rev & eps est, consulting demand improves-
opinion @ FLCR
Accenture announced F1Q05 results last night posting $3.73B in revenue, above our estimate of $3.67B and consensus of $3.63B. Q1 EPS of $0.32 was in line with our Street-high estimates and a penny above consensus. We are increasing our revenue estimates for FY05 to $15.59B from $15.47B and EPS to $1.42 from $1.39, and increasing our FY06 revenue estimates to $17.15B from $17.05 and EPS to $1.60 from $1.56.
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Accenture Ltd.-ACN solid 1Q05 results despite cash flow stumble; target $30
opinion @ MDLD
We continue to foresee ongoing improvements in discretionary IT spending trends and growth in the BPO market, which should allow ACN to parlay its solid competitive position, operational strength and consistent bookings into consistent double-digit earnings growth in FY05 and beyond. Raise 05 estimate on stronger top line and benefits from buyback activity-Reiterate Buy.
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Accenture-ACN analysts @ NEED raising 05 est to $1.41 from $1.36 on upside announcement-
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Accenture-ACN expect better Q1 on weaker dollar, Q2 guided lower-
opinion @ WCHV
We are fine tuning our estimates, we believe ACN remains best in class but we do not see a catalyst to depart from current range. We are increasing 2005 eps estimate to $1.39 from $1.37 and lowering 2006 eps to $1.41 from $1.52.