Intuit’s Upcoming Earnings Report and Analyst Expectations
The forthcoming earnings report from Intuit (INTU) is anticipated to disclose quarterly earnings of $10.89 per share, reflecting a 10.2% increase compared to the same period last year. Analysts predict revenues to reach $7.54 billion, marking a 12% rise year over year. Notably, there has been no adjustment in the consensus earnings per share (EPS) estimate for this quarter in the last 30 days. This stability indicates that stock analysts have collectively reassessed their initial forecasts during this timeframe. Prior to the announcement of earnings, it’s crucial to consider any adjustments in earnings predictions, as these changes significantly influence investor reactions to the stock. Numerous empirical studies have established a strong correlation between earnings estimate trends and short-term stock price fluctuations.
Importance of Analysts’ Projections
Investors often depend on consensus earnings and revenue estimates to evaluate the company’s performance over the quarter. However, delving into the analysts’ forecasts for key metrics of the company can provide a more comprehensive understanding. With that in mind, let’s examine the average predictions for specific metrics of Intuit that Wall Street analysts frequently monitor.
Specific Revenue Projections for Intuit
Analysts have reached a consensus that ‘Net revenue – Consumer’ will total $3.97 billion, indicating an increase of 8.6% year over year. In addition, the ‘Net revenue – Small Business & Self-Employed’ segment is projected to reach $2.86 billion, reflecting a significant 20% growth from the previous year. The ‘Net revenue – Credit Karma’ is expected to be around $430.66 million, showing a slight decline of 2.8% year over year. Furthermore, analysts believe that ‘Net revenue – ProTax’ will amount to $273.84 million, which represents a 7.8% increase compared to the last year.
Further Breakdown of Revenue Categories
Projections indicate that the ‘Net revenue – Small Business & Self-Employed – Total Online Ecosystem’ could hit $2.14 billion, reflecting a robust 22.2% increase from the previous year’s quarter. For the ‘Net revenue – Small Business & Self-Employed – Total Desktop Ecosystem’, analysts estimate a figure of $723.63 million, which points to a 14.3% rise from the last year. The collective evaluation forecasts that ‘Net revenue – Small Business & Self-Employed – Online Ecosystem – QuickBooks Online Accounting’ will likely reach $1.06 billion, indicating a year-over-year increase of 22.9%.
Additional Revenue Estimates
The consensus for ‘Net revenue – Small Business & Self-Employed – Desktop Ecosystem – Desktop Services and Supplies’ stands at $309.72 million, suggesting a year-over-year increase of 4.6%. Analysts have also estimated that ‘Net revenue – Small Business & Self-Employed – Online Ecosystem – Online Services’ could reach $1.08 billion, reflecting a 20.5% increase year over year. The average prediction for ‘Net revenue – Small Business & Self-Employed – Desktop Ecosystem – QuickBooks Desktop Accounting’ is $411.32 million, indicating a notable rise of 22.1% from the previous year.
Overall Revenue Expectations
Based on analysts’ assessments, ‘Net revenue – Service’ is predicted to arrive at $6.67 billion, reflecting a year-over-year change of 10.3%. Furthermore, the evaluation suggests that ‘Net revenue – Product and other’ will reach $770.35 million, indicating an increase of 11.8% year over year.
Intuit’s Stock Performance
In the past month, Intuit shares have demonstrated a return of 14.5%, in comparison to a 13.1% change in the Zacks S&P 500 composite. With a Zacks Rank of #3 (Hold), INTU is expected to perform in line with the broader market in the upcoming period.
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