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.
Intuit Q3 Earnings Preview Scheduled for May 20
- 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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- 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.
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- 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.
See More
Intuit Faces Pressure but Complex Growth Story Emerges
- 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.
See More
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- Market Retreat: The S&P 500 index fell by 0.68% and the Nasdaq 100 by 0.95%, both hitting 1.5-week lows, indicating a weakening confidence in tech stocks that could affect investor sentiment and future capital flows.
- Rising Bond Yields: The 10-year T-note yield climbed to a 16-month high of 4.69%, intensifying concerns over rising inflation that may prompt the Fed to pursue tighter monetary policy, thereby impacting stock market performance.
- Supportive Economic Data: April pending home sales rose by 1.4% month-over-month, surpassing expectations of 1.0%, demonstrating resilience in the housing market that could provide some support for stocks, despite overall market pressures.
- Oil Price Volatility: WTI crude oil prices dropped over 1% today due to geopolitical factors, with market concerns about future supply tightness intensifying, potentially affecting stock performance in related sectors, particularly airlines and mining stocks.
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- Market Decline: The S&P 500 index fell by 0.35%, the Dow Jones Industrial Average by 0.19%, and the Nasdaq 100 by 0.45%, indicating a market reaction to the pullback in tech stocks after reaching record highs last week.
- Rising Bond Yields: The 10-year Treasury note yield rose to a 15-month high of 4.66%, triggering risk-off sentiment in the market and leading to long liquidations in stocks, which exacerbates investor concerns about future economic growth.
- Oil Price Volatility: WTI crude oil prices dropped following President Trump's cancellation of a military strike on Iran, despite the IEA reporting a decline in global oil inventories by about 4 million bpd, with the market expected to remain severely undersupplied even if the conflict ends.
- 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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- Military Action Halted: Trump announced a pause in military action against Iran following requests from leaders in Saudi Arabia, the UAE, and Qatar, while still threatening a large-scale assault if necessary, which could significantly impact geopolitical stability in the Middle East.
- Oil Price Fluctuations: International benchmark Brent crude futures fell over 2% to $109.15 per barrel, while West Texas Intermediate futures declined 1.27% to $107.28, reflecting market concerns over energy supply tightness that may lead to future price increases.
- Pressure on Airlines: Ryanair's CFO warned of a potential
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- Nvidia Earnings Expectations: Nvidia is set to report its Q1 earnings on Wednesday, with revenue anticipated at $78.67 billion and EPS of $1.76, as analysts look for results that exceed expectations to boost stock prices and alleviate concerns about a slowing investment cycle.
- Home Depot Performance Outlook: Home Depot is expected to see only 0.8% same-store sales growth in Q1, as rising mortgage rates and a challenging economic backdrop lead analysts to predict its full-year guidance will remain flat to 2%, reflecting low market expectations for its performance.
- TJX Companies Performance: TJX anticipates a 4.1% same-store sales growth in Q1, benefiting from consumer demand for quality merchandise at affordable prices, although rising freight costs may impact margins; nonetheless, the company is viewed as a solid long-term investment.
- Google Developer Conference: Google will host its annual developer conference on Tuesday and Wednesday, with analysts warning that a lack of a
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