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Fortune
Fortune
Luisa Beltran

Analyst slashes Accenture share price target to $350

(Credit: Saul Loeb—AFP/Getty Images)

Accenture is expected to report a decline in revenue later this week as the global professional services firm continues to experience the impact of a slowdown in IT services spending. When the company posts its fiscal third quarter results on Thursday, analysts predict the firm’s earnings per share will be $3.15 for the three months ended May 31—the same EPS it reported for its fiscal Q3 2023 last June, according to S&P Global Market Intelligence.  

Meanwhile, Accenture’s revenue is expected to drop slightly to $16.5 billion, from the $16.6 billion it reported last year.

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