Consensus On Accenture 'Looks About Right,' Susquehanna Says

Accenture Plc ACN is expected to post third-quarter results on Thursday, June 23, 2016. The report will be issued before the market open.

Susquehanna analyst James Friedman previewed the quarterly results in a research note Tuesday morning.

"While our checks surface pros and cons – and the weird timing overlap of earnings with Brexit may be a lunar eclipse – we think consensus looks about right," Friedman said.

The analyst has modeled for third-quarter earnings of $1.37, below the analyst consensus estimate of $1.41.

Friedman's FY16 estimates: EPS of $5.30 on sales of $32.355 billion. Street-wide consensus estimates: EPS of $5.32 on sales of $32.6 billion.

Susquehanna maintained a Positive rating and $130 price target on shares of Accenture.