Consulting and outsourcing services provider,
), is slated to release fiscal first-quarter 2014 results on Dec
19, 2013, before market opens. Last quarter, it posted a positive
earnings surprise of 1.00%. Let us see how things are shaping up
for this announcement.
Factors this Past Quarter
Increasing focus on the outsourcing business, operating cost
optimization, new bookings and continued return to shareholders
are expected to remain the quarter's positives. Moreover,
Accenture's strategic acquisitions will definitely diversify its
service and product offerings and expand its operating markets.
Accenture is regularly enhancing its client base, which has
helped it to record strong bookings and witness robust growth
across insurance, banking and healthcare segments.
However, the challenging macroeconomic environment and
constricted spending from clients could pose headwinds for
Accenture. Moreover, competition from
International Business Machines Corp
) are expected to remain the headwinds, going forward.
Our proven model does not conclusively show that Accenture
will beat earnings this quarter. That is because a stock needs to
have both a positive
and a Zacks Rank #1, 2 or 3 for this to happen. That is not the
case here as you will see below.
Both the Most Accurate estimate and the Zacks Consensus
Estimate stand at $1.09. Hence, the difference is 0.00%.
Zacks Rank #4 (Sell):
We caution against stocks with Zacks Ranks #4 and 5 (Sell-rated
stocks) going into the earnings announcement.
Another company that you may want to consider as our model
shows that it has the right combination of elements to post an
earnings beat in the imminent future is:
Winnebago Industries Inc.
), with Earnings ESP of +10.26% and a Zacks Rank #1 (Strong
ACCENTURE PLC (ACN): Free Stock Analysis
COGNIZANT TECH (CTSH): Free Stock Analysis
INTL BUS MACH (IBM): Free Stock Analysis
WINNEBAGO (WGO): Free Stock Analysis Report
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