Accenture Stock Slips as Bookings Fall Short of Estimates
1. Accenture revised its revenue growth forecast to 6%-7% for fiscal 2024. 2. EPS estimates were also raised to $12.77-$12.89, exceeding earlier predictions. 3. Bookings of $19.7 billion fell short of the $21.5 billion estimate. 4. Stock dropped 4% post-report, reflecting market disappointment despite solid results. 5. Year-to-date, shares are down about 13%, showing ongoing investor concern.