TurboTax's Intuit Is the Worst S&P 500's Worst Performer Friday. Analysts Still Like the Stock. ...

Key Takeaways Shares of Intuit (INTU) dropped close to 8% in intraday trading Friday as the provider of financial and other software warned it will lose 1 million customers who use the free version of its TurboTax tax filing program. Intuit said that it expects those who pay nothing to use TurboTax will decline to over 10 million users in fiscal 2024, down from over 11 million in fiscal 2023. It projects total TurboTax units falling 1% because of "share loss with pay-nothing and lower average revenue per re ...

Intuit (INTU) reported fiscal third-quarter 2024 non-GAAP earnings of $9.88 per share, which beat the Zacks Consensus Estimate by 5.78%. The bottom line jumped 11% from the year-ago quarter. Revenues of $6.73 billion beat the consensus mark by 1.54% and increased 12% year over year. Quarter Details Small Business and Self-Employed Group revenues (35.4% of total revenues) grew 18% year over year to $2.38 billion. Within the segment, total Online Ecosystem revenues climbed 19% year over year to $1.8 billion. ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Intuit (INTU) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Check price target & stock forecast for Intuit here>>> While th ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Steve Enders Great to hear. Thanks for the context there. Sasan Goodarzi Yeah, very welcome. We will take our next question from Raimo Lenschow with Barclays. Please go ahead. Your line is open. Raimo Lenschow Thank you. Sasan, you talked earlier in the prepared remarks about desktop and the changes here in the coming year. Can you kind of link that up maybe a little bit is what we've seen in QuickBooks Advanced? And how -- if there's kind of more opportunity to bring desktop guys over and what you're seein ...

Small businesses are the heart and soul of America's Main Street. But it can be hard to get a pulse check on how they are doing, given today's dynamic operating environment as well as the sheer variety and volume of small businesses out there — taken together, they make up 40% of the U.S. economy and represent 99.9% of all American businesses. Still, Intuit, which offers tax preparation software and other tools for small businesses to manage finances, including TurboTax, QuickBooks, Credit Karma and Mailchi ...

Intuit (INTU) reported $6.74 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 12%. EPS of $9.88 for the same period compares to $8.92 a year ago. The reported revenue represents a surprise of +1.54% over the Zacks Consensus Estimate of $6.63 billion. With the consensus EPS estimate being $9.34, the EPS surprise was +5.78%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Intuit (INTU) came out with quarterly earnings of $9.88 per share, beating the Zacks Consensus Estimate of $9.34 per share. This compares to earnings of $8.92 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 5.78%. A quarter ago, it was expected that this maker of TurboTax, QuickBooks and other accounting software would post earnings of $2.29 per share when it actually produced earnings of $2.63, delivering a surprise of 14.8 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended April 30, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________ to ____________ . Commission File Number 0-21180 INTUIT INC. (Exact name of registrant as specifi ...