Accenture plc

What drives the forecast

• June 18 issuer fourth-quarter revenue guidance was $17.75–18.40bn; the $17.95bn model sits $0.13bn below its $18.075bn midpoint amid disclosed macro uncertainty and Middle East consulting disruption.
• The Q3 FY2026 issuer 10-Q reported $18.718bn revenue, $19.32bn bookings and $3.80 GAAP EPS; Q3 managed services local-currency growth of 5% exceeded consulting at 1%.
• The June full-year adjusted EPS guidance midpoint of $13.84 implies roughly $3.17 in Q4 after Q1–Q3 adjusted EPS; the modeled $3.148 EPS is a modest negative tilt, not a double-digit deviation.
• The September 18 pre-report preview counted 19 negative and zero positive Q4 revenue revisions over three months; its EPS beat history and the issuer's repurchases temper the downside probability.
• The six CapIQ historical quarters show consistent normalized EPS beats, but the preceding Q3 revenue missed estimates; Q4 EPS beat probability is 44%, below 50% in line with the model's below-consensus EPS.
• EPS basis: Normalized equals GAAP in this model; no business optimization charge assumed.