Intuit Q3 Earnings Preview Scheduled for May 20
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy INTU?
Source: seekingalpha
- Earnings Release Date: Intuit is set to announce its Q3 earnings on May 20 after market close, with a consensus EPS estimate of $12.57, reflecting a 7.9% year-over-year growth, which could further solidify its market position in financial software.
- Revenue Growth Expectations: The anticipated revenue for Q3 is $8.54 billion, representing a 10.2% year-over-year increase, indicating significant progress in attracting new customers and enhancing revenue from existing clients.
- Historical Performance: Over the past two years, Intuit has beaten both EPS and revenue estimates 100% of the time, showcasing its strong profitability and market adaptability, which boosts investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and 25 downward adjustments, while revenue estimates experienced 17 upward revisions and 6 downward adjustments, reflecting market divergence and uncertainty regarding the company's future performance.
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Analyst Views on INTU
Wall Street analysts forecast INTU stock price to rise
18 Analyst Rating
16 Buy
2 Hold
0 Sell
Strong Buy
Current: 403.160
Low
700.00
Averages
814.59
High
880.00
Current: 403.160
Low
700.00
Averages
814.59
High
880.00
About INTU
Intuit Inc. offers a financial technology platform that helps consumers and small and mid-market businesses prosper by delivering financial management, compliance, and marketing products and services. It also provides specialized tax products to accounting professionals. It helps small and mid-market businesses grow and run their business all in one place, including bookkeeping, getting paid, accessing capital, paying employees, getting and retaining customers, and managing their customer relationships. The Company's offerings include TTurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite. Lacerte, ProSeries, and ProConnect Tax Online are its tax preparation offerings for professional accountants. Its financial management includes payments and capital, compliance, human capital management, and marketing products and services. For accounting professionals, the Company provides professional tax and financial management products and services.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Release Date: Intuit is set to announce its Q3 earnings on May 20 after market close, with a consensus EPS estimate of $12.57, reflecting a 7.9% year-over-year growth, which could further solidify its market position in financial software.
- Revenue Growth Expectations: The anticipated revenue for Q3 is $8.54 billion, representing a 10.2% year-over-year increase, indicating significant progress in attracting new customers and enhancing revenue from existing clients.
- Historical Performance: Over the past two years, Intuit has beaten both EPS and revenue estimates 100% of the time, showcasing its strong profitability and market adaptability, which boosts investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and 25 downward adjustments, while revenue estimates experienced 17 upward revisions and 6 downward adjustments, reflecting market divergence and uncertainty regarding the company's future performance.
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- Revenue and Profit Performance: Despite facing pressure, Intuit's revenue and profits indicate strong growth potential, suggesting that the company's strategic integration of financial platforms is gradually yielding results.
- AI Ambitions: Intuit's investments and developments in artificial intelligence, particularly within products like QuickBooks and TurboTax, could enhance its market competitiveness and drive future revenue growth.
- Product Integration Advantage: By closely integrating QuickBooks, TurboTax, Credit Karma, and enterprise software, Intuit aims to create a more powerful financial platform, increasing customer loyalty and expanding market share.
- Valuation and Growth Outlook: Although current valuation demands are strict, Intuit's growth potential and market opportunities warrant investor attention, especially if management effectively executes its strategies.
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- Earnings Performance: So far, 83% of the 454 S&P 500 companies have beaten earnings estimates, with Q1 earnings projected to rise by 12% year-over-year, but excluding the tech sector, the increase is only 3%, highlighting the fragility of the overall economic recovery.
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