Thursday, December 15, 2011

Decent Guidance From Accenture

Accenture (ACN) remains a key holding in the Net Payout Yields Model. After the close it reported earnings that beat estimates by $.02. Solid results as usual.

Not much to say as ACN always reports solid numbers. The one issue worth noting is that it pointed out currency losses due to the stronger dollar in the last quarter. Not a big deal at this point, but it could become an issue down the road if the US Dollar continues to rally.

Company only bought back $285M this quarter as well slightly lower than normal.

Good summary from briefing.com:

4:10PM Accenture beats by $0.02, beats on revs; guides Q2 revs in-line; lowers FY12 EPS on FX, in-line, reaffirms FY12 revs guidance (ACN) 56.13 +0.10 : Reports Q1 (Nov) earnings of $0.96 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.94; revenues rose 17.0% year/year to $7.07 bln vs the $6.86 bln consensus. Co issues in-line guidance for Q2, sees Q2 revs of $6.5-6.8 bln vs. $6.6 bln Capital IQ Consensus Estimate. Co issues guidance for FY12, lowers EPS to $3.76-3.84 from $3.80-3.88 on FX, vs. $3.82 Capital IQ Consensus Estimate; reaffirms FY12 revs +7-10% YoY to ~$27.3-28.1 bln vs. $27.65 bln Capital IQ Consensus Estimate.


Stone Fox Capital holds an allocation of 4.6% in $ACN in his Net Payout Yields Covestor Model

Disclosure: Long ACN. Please review the disclaimer page for more details. 

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