Intuit Inc. Fiscal Q3 2024 Earnings Preview

  • Intuit Inc. is set to release its fiscal third-quarter 2024 earnings with an EPS expectation of 9.34 and revenue estimates around $6.65 billion.
  • The company projects year-over-year revenue growth of 10% to 11%, closely aligning with the Zacks Consensus Estimate for a 10.25% increase.
  • Intuit has consistently outperformed the Zacks Consensus Estimate in the past four quarters, with an average earnings surprise of 16.18%.

Intuit Inc. (NASDAQ:INTU), a leading provider of financial management software for consumers, small businesses, and accountants, is gearing up to release its fiscal third-quarter 2024 earnings report on Thursday, May 23, 2024, after the market closes. The company, known for its flagship products, TurboTax and QuickBooks, plays a pivotal role in the financial software sector, competing with other tech giants in providing innovative financial solutions. Wall Street has set its sights on earnings per share (EPS) of 9.34, with revenue estimates for the quarter hovering around $6.65 billion.

The anticipation surrounding Intuit's earnings report is high, with expectations of showcasing the company's robust performance. Analysts predict significant year-over-year growth, largely driven by the strength in Online Ecosystem revenues, especially following the introduction of QuickBooks Solopreneur. Intuit has projected its revenues to increase by 10% to 11% year-over-year, aiming for a range between $6.605 billion and $6.655 billion. This projection closely matches the Zacks Consensus Estimate for revenues, which is pegged at $6.63 billion, indicating a year-over-year growth of 10.25%.

On a non-GAAP basis, Intuit's earnings per share are expected to fall within the range of $9.31 to $9.38, aligning with the consensus mark of $9.34 per share. This suggests a year-over-year rise of 4.71%. Notably, Intuit has a track record of exceeding the Zacks Consensus Estimate in its earnings over the last four quarters, with an average surprise of 16.18%. Such consistent performance highlights the company's operational efficiency and its ability to surpass market expectations.

The fiscal third-quarter performance is anticipated to benefit from a steady recovery in the Small Business segment, further bolstered by the strategic launch of QuickBooks Solopreneur. This period is crucial for Intuit, as it reflects the company's ability to adapt and thrive amidst evolving market demands. The focus will also be on the management's discussion of business conditions during the earnings call, as it will play a crucial role in shaping future earnings expectations and the stock's immediate price movement.

Analysts have revised their earnings estimates upwards by 0.2% over the past 30 days, indicating a positive reassessment of Intuit's financial outlook. This adjustment in earnings estimates is significant, as empirical research has shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock. Therefore, the recent upward revision in Intuit's earnings estimates could be a positive indicator for investors, suggesting potential favorable reactions in the stock's price following the earnings announcement.

Symbol Price %chg
CRM.BA 18350 0.27
GOTO.JK 58 0
462870.KS 48050 -1.77
263750.KQ 42600 0.7
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Intuit Soars 8% on Strong Q3 and Upgraded Full-Year Outlook

Intuit (NASDAQ:INTU) surged more than 8% intra-day today after delivering Q3 results that beat expectations and raising both its full-year and current-quarter guidance, driven by robust demand for TurboTax and QuickBooks during tax season.

For the quarter, Intuit reported adjusted earnings per share of $11.65 on revenue of $7.75 billion, surpassing analyst expectations of $10.91 and $7.56 billion, respectively.

Looking ahead, the company provided bullish guidance for fiscal Q4, forecasting non-GAAP EPS between $2.63 and $2.68 and revenue between $3.723 billion and $3.760 billion. Both ranges came in above consensus estimates of $2.60 EPS and $3.53 billion in revenue.

For the full fiscal year, Intuit now expects non-GAAP EPS of $20.07 to $20.12, reflecting 18% to 19% year-over-year growth—up from prior guidance of 13% to 14%. Full-year revenue is now projected at $18.723 billion to $18.760 billion, or 15% growth, compared to the previous outlook of 12% to 13%.

Intuit Inc. (NASDAQ:INTU) Surpasses Q3 Earnings Expectations

  • Intuit Inc. (NASDAQ:INTU) reported earnings per share of $11.65, beating estimates.
  • The company's revenue reached $7.75 billion, a 15% increase year-over-year.
  • Intuit raised its full-year revenue forecast, indicating strong future performance and investor confidence.

Intuit Inc. (NASDAQ:INTU), a leader in financial software, reported strong earnings for Q3 2025. Known for products like TurboTax and QuickBooks, Intuit exceeded expectations with earnings per share of $11.65, surpassing the estimated $10.93. This performance highlights Intuit's consistent ability to outperform market predictions, as seen in its previous quarters.

The company's revenue for the quarter was $7.75 billion, exceeding the estimated $7.57 billion. This marks a 15% increase from the $6.74 billion reported in the same period last year. Intuit's consistent revenue growth underscores its strong position in the Zacks Computer - Software industry, where it continues to thrive.

Intuit's stock price rose significantly following the earnings announcement, reflecting investor confidence. The company also raised its full-year revenue forecast to between $18.72 billion and $18.76 billion, up from the previous range of $18.16 billion to $18.35 billion. This upward revision further boosted market sentiment.

The company's financial metrics reveal a robust performance. Intuit's price-to-earnings (P/E) ratio is approximately 61.41, indicating high investor confidence. The price-to-sales ratio stands at about 10.85, and the enterprise value to sales ratio is around 11.11, reflecting strong market valuation. The debt-to-equity ratio of 0.38 shows a moderate level of debt, while a current ratio of 1.27 indicates a healthy liquidity position.

Intuit Inc. (NASDAQ:INTU) Maintains Strong Market Presence Amid Competition

  • Goldman Sachs reaffirms a "Buy" rating for Intuit Inc. (NASDAQ:INTU), with a current stock price of $670.86, indicating confidence in its financial health and growth prospects.
  • Intuit is expected to report quarterly earnings per share (EPS) of $10.89, marking a 10.2% increase year-over-year, with forecasted revenues of $7.54 billion, a 12% growth from the previous year.
  • The company's market capitalization stands at approximately $187.55 billion, showcasing its significant presence in the competitive financial software industry.

Intuit Inc. (NASDAQ:INTU) is a leading financial software company known for its popular products like TurboTax, QuickBooks, and Mint. These tools help individuals and businesses manage their finances efficiently. Intuit operates in a competitive market, with rivals such as H&R Block and Sage Group. Despite the competition, Intuit maintains a strong market presence.

On May 19, 2025, Goldman Sachs reaffirmed its "Buy" rating for Intuit, with the stock priced at $672.87. This endorsement reflects confidence in Intuit's financial health and growth prospects. The stock's current price is $670.86, showing a slight increase of 0.086% or $0.58, with a daily range between $663.20 and $675.

Intuit is set to release its quarterly earnings report, with expectations of earnings per share (EPS) reaching $10.89. This marks a 10.2% increase from the same period last year. Analysts forecast revenues of $7.54 billion, representing a 12% year-over-year growth. These figures highlight Intuit's strong financial performance and growth trajectory.

The stability in earnings projections is crucial, as changes in these estimates can significantly influence investor reactions and short-term stock price movements. Notably, there have been no revisions in the consensus EPS estimate for the quarter over the past 30 days, indicating a stable outlook from analysts. This stability underscores the importance of these projections in the financial community.

Intuit's market capitalization stands at approximately $187.55 billion, reflecting its significant presence in the financial software industry. The stock has fluctuated over the past year, with a high of $714.78 and a low of $532.65. The trading volume for the day is 1,250,549 shares on the NASDAQ exchange, indicating active investor interest.

Intuit Inc. (NASDAQ:INTU) Quarterly Earnings Preview

  • Analysts set expectations for earnings per share (EPS) at $2.58 and revenue at approximately $3.83 billion.
  • Intuit anticipates a revenue increase of 13% to 14% year-over-year, aligning with the Zacks Consensus Estimate.
  • The company's financial metrics reveal a price-to-earnings (P/E) ratio of approximately 54.24, indicating high investor expectations for future growth.

Intuit Inc. (NASDAQ:INTU) is a financial software company known for products like TurboTax, QuickBooks, and Mint. As it prepares to release its quarterly earnings on February 25, 2025, analysts have set expectations for earnings per share (EPS) at $2.58 and revenue at approximately $3.83 billion. Intuit's performance in the Online Ecosystem business is expected to support these results.

The company anticipates a revenue increase of 13% to 14% compared to the previous year, with projections between $3.812 billion and $3.845 billion. The Zacks Consensus Estimate aligns with this forecast, pegging revenues at $3.83 billion, representing a year-over-year growth of nearly 13%. This growth is significant, especially as Intuit has historically exceeded the Zacks Consensus Estimate in the last four quarters, with an average surprise of 8.39%.

On a non-GAAP basis, Intuit expects EPS to range from $2.55 to $2.61, with the consensus estimate at $2.59 per share. This indicates a slight year-over-year decline of 1.52%. Despite this, the stability in earnings estimates over the past 30 days suggests that analysts have maintained their initial projections, which is crucial for investor confidence and the short-term price performance of the stock.

Intuit's financial metrics reveal a price-to-earnings (P/E) ratio of approximately 54.24, indicating that investors are willing to pay $54.24 for every dollar of earnings. The company's price-to-sales ratio stands at about 9.54, and its enterprise value to sales ratio is around 9.79. These figures suggest that investors have high expectations for Intuit's future growth and profitability.

The company's debt-to-equity ratio is 0.38, indicating a relatively low level of debt compared to equity. Additionally, Intuit has a current ratio of 1.24, suggesting that it has a good level of liquidity to cover its short-term liabilities. As the earnings announcement approaches, investors will be keen to see how these factors play out in Intuit's financial performance.

Intuit Inc. (NASDAQ:INTU) Quarterly Earnings Preview

  • Analysts set expectations for earnings per share (EPS) at $2.58 and revenue at approximately $3.83 billion.
  • Intuit anticipates a revenue increase of 13% to 14% year-over-year, aligning with the Zacks Consensus Estimate.
  • The company's financial metrics reveal a price-to-earnings (P/E) ratio of approximately 54.24, indicating high investor expectations for future growth.

Intuit Inc. (NASDAQ:INTU) is a financial software company known for products like TurboTax, QuickBooks, and Mint. As it prepares to release its quarterly earnings on February 25, 2025, analysts have set expectations for earnings per share (EPS) at $2.58 and revenue at approximately $3.83 billion. Intuit's performance in the Online Ecosystem business is expected to support these results.

The company anticipates a revenue increase of 13% to 14% compared to the previous year, with projections between $3.812 billion and $3.845 billion. The Zacks Consensus Estimate aligns with this forecast, pegging revenues at $3.83 billion, representing a year-over-year growth of nearly 13%. This growth is significant, especially as Intuit has historically exceeded the Zacks Consensus Estimate in the last four quarters, with an average surprise of 8.39%.

On a non-GAAP basis, Intuit expects EPS to range from $2.55 to $2.61, with the consensus estimate at $2.59 per share. This indicates a slight year-over-year decline of 1.52%. Despite this, the stability in earnings estimates over the past 30 days suggests that analysts have maintained their initial projections, which is crucial for investor confidence and the short-term price performance of the stock.

Intuit's financial metrics reveal a price-to-earnings (P/E) ratio of approximately 54.24, indicating that investors are willing to pay $54.24 for every dollar of earnings. The company's price-to-sales ratio stands at about 9.54, and its enterprise value to sales ratio is around 9.79. These figures suggest that investors have high expectations for Intuit's future growth and profitability.

The company's debt-to-equity ratio is 0.38, indicating a relatively low level of debt compared to equity. Additionally, Intuit has a current ratio of 1.24, suggesting that it has a good level of liquidity to cover its short-term liabilities. As the earnings announcement approaches, investors will be keen to see how these factors play out in Intuit's financial performance.

Intuit Inc. (NASDAQ:INTU) Surpasses Earnings and Revenue Estimates

  • Intuit Inc. (NASDAQ:INTU) reported an EPS of $2.50, beating the estimated $2.35 and showcasing a 5.93% surprise over expectations.
  • The company's revenue reached $3.28 billion, surpassing estimates and indicating a 10.2% year-over-year growth.
  • Despite strong financial performance, Intuit's stock fell by 6% in extended trading due to a disappointing forecast for the current quarter.

Intuit Inc. (NASDAQ:INTU) is a leading financial software company known for its flagship products like TurboTax, QuickBooks, and Credit Karma. These tools help individuals and businesses manage their finances efficiently. Intuit operates in a competitive market, with rivals such as H&R Block and Sage Group. Despite the competition, Intuit continues to demonstrate strong financial performance.

On November 21, 2024, Intuit reported earnings per share (EPS) of $2.50, surpassing the estimated $2.35. This marks a 5.93% surprise over the expected figures, as highlighted by Zacks. The EPS also showed a slight increase from $2.47 in the same quarter last year, indicating steady growth. This performance reflects Intuit's ability to consistently exceed market expectations.

Intuit's revenue for the quarter ending in October 2024 reached $3.28 billion, exceeding the estimated $3.14 billion by 4.58%. This represents a 10.2% increase compared to the same period last year. The company has consistently outperformed consensus revenue estimates over the past four quarters, showcasing its strong market position and effective business strategies.

Despite the positive earnings report, Intuit's stock fell by 6% in extended trading due to a disappointing forecast for the current quarter. The company expects revenue between $3.81 billion and $3.85 billion and EPS of 84 cents to 90 cents, falling short of the $1.50 EPS anticipated by analysts. This outlook has impacted investor sentiment, despite the company's strong past performance.

Intuit's financial metrics reveal a high market valuation, with a price-to-earnings (P/E) ratio of approximately 64.14 and a price-to-sales ratio of about 11.68. The enterprise value to sales ratio is around 11.86, reflecting the company's valuation in relation to its revenue. Despite a relatively low debt-to-equity ratio of 0.33, indicating a conservative capital structure, the company's stock is trading at a premium relative to its cash flow generation.

Intuit Inc. (NASDAQ:INTU) Surpasses Earnings and Revenue Estimates

  • Intuit Inc. (NASDAQ:INTU) reported an EPS of $2.50, beating the estimated $2.35 and showcasing a 5.93% surprise over expectations.
  • The company's revenue reached $3.28 billion, surpassing estimates and indicating a 10.2% year-over-year growth.
  • Despite strong financial performance, Intuit's stock fell by 6% in extended trading due to a disappointing forecast for the current quarter.

Intuit Inc. (NASDAQ:INTU) is a leading financial software company known for its flagship products like TurboTax, QuickBooks, and Credit Karma. These tools help individuals and businesses manage their finances efficiently. Intuit operates in a competitive market, with rivals such as H&R Block and Sage Group. Despite the competition, Intuit continues to demonstrate strong financial performance.

On November 21, 2024, Intuit reported earnings per share (EPS) of $2.50, surpassing the estimated $2.35. This marks a 5.93% surprise over the expected figures, as highlighted by Zacks. The EPS also showed a slight increase from $2.47 in the same quarter last year, indicating steady growth. This performance reflects Intuit's ability to consistently exceed market expectations.

Intuit's revenue for the quarter ending in October 2024 reached $3.28 billion, exceeding the estimated $3.14 billion by 4.58%. This represents a 10.2% increase compared to the same period last year. The company has consistently outperformed consensus revenue estimates over the past four quarters, showcasing its strong market position and effective business strategies.

Despite the positive earnings report, Intuit's stock fell by 6% in extended trading due to a disappointing forecast for the current quarter. The company expects revenue between $3.81 billion and $3.85 billion and EPS of 84 cents to 90 cents, falling short of the $1.50 EPS anticipated by analysts. This outlook has impacted investor sentiment, despite the company's strong past performance.

Intuit's financial metrics reveal a high market valuation, with a price-to-earnings (P/E) ratio of approximately 64.14 and a price-to-sales ratio of about 11.68. The enterprise value to sales ratio is around 11.86, reflecting the company's valuation in relation to its revenue. Despite a relatively low debt-to-equity ratio of 0.33, indicating a conservative capital structure, the company's stock is trading at a premium relative to its cash flow generation.