Company and Industry Overview * **Company**: Intuit Inc. (NASDAQ:INTU) * **Industry**: Financial Technology, specifically focused on small and medium-sized businesses (SMBs) and tax software. * **Key Focus**: Transitioning from a tax and accounting platform to a comprehensive business platform offering services like marketing, cash flow management, bookkeeping, and accounting. Core Points and Arguments * **Five-Year Vision**: Intuit aims to become a platform where all customer experiences are "done for them" by AI-powered human experts. This includes marketing, cash flow management, bookkeeping, accounting, and taxes. * **Mid-Market Focus**: Intuit plans to become a leader in the mid-market segment, targeting businesses with up to 250 employees. This segment represents a $300 billion total addressable market (TAM) with almost $100 billion available for Intuit. * **Small Business Strength**: Despite challenges like rising costs and labor shortages, small businesses on Intuit's platform are experiencing stronger growth and profitability compared to last year. * **Gen AI and Intuit Assist**: Intuit is investing heavily in Gen AI and Intuit Assist to automate tasks for customers, save time, and improve cash flow. This includes features like creating invoices, sending reminders, and following up on payments. * **Payment and Workforce Solutions**: Intuit's payment and workforce solutions, including payroll and bill pay, grew significantly last year. The company aims to further expand its money movement platform capabilities. * **QBO Advanced**: Intuit's QBO Advanced platform is designed for larger, more complex businesses. It experienced 28% customer growth last year and has a massive TAM of $90-100 billion in the mid-market segment. * **Tax Market**: Intuit's tax market TAM is approximately $40 billion, with a focus on the assisted segment, which represents a significant growth opportunity for TurboTax Live. Other Important Points * **Investment in AI**: Intuit has been investing in AI for over five years, developing its own Gen AI operating system and large language models. * **Outbound Sales**: Intuit has established an outbound sales team for the first time in its history to target mid-market customers. * **Product Development**: Intuit plans to announce new capabilities for its platforms, including consolidated reporting, segment reporting, and multi-entity support. * **Competitive Landscape**: The mid-market segment is not crowded, with most customers using manual methods like Excel and Google Sheets.

Intuit Inc. (NASDAQ:INTU) Citi 2024 Global TMT Conference September 4, 2024 3:00 PM ET Company Participants Marianna Tessel - EVP & GM of Global Business Solutions Group Conference Call Participants Steven Enders - Citigroup Operator Steven Enders Thank you for being here for the afternoon session of the Citi Technology Conference. I'm Steve Enders, part of the Software Research team here, and with us for this session, we have Marianna Tessel from Intuit. Marianna, very happy to have you here today. Mariann ...

Intuit (INTU) reported $3.18 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 17.4%. EPS of $1.99 for the same period compares to $1.65 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.08 billion, representing a surprise of +3.23%. The company delivered an EPS surprise of +6.99%, with the consensus EPS estimate being $1.86. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Core Viewpoint - Intuit (INTU) has been a highly searched stock recently, with its performance influenced by various fundamental factors and earnings estimates revisions [1][2]. Earnings Estimates Revisions - For the current quarter, Intuit is expected to report earnings of $2.38 per share, reflecting a decrease of -3.6% year-over-year, with the Zacks Consensus Estimate down by -20.3% in the last 30 days [5]. - The consensus earnings estimate for the current fiscal year is $19.31, indicating a growth of +14% from the previous year, with a recent increase of +3.4% [5]. - For the next fiscal year, the consensus estimate is $22.04, suggesting a growth of +14.1% year-over-year, with a slight increase of +0.8% over the past month [6]. Revenue Growth Projections - The consensus sales estimate for the current quarter is $3.14 billion, representing a year-over-year increase of +5.4% [9]. - For the current fiscal year, the revenue estimate is $18.25 billion, indicating a growth of +12%, while the next fiscal year's estimate is $20.46 billion, reflecting a growth of +12.2% [9]. Recent Performance and Surprise History - In the last reported quarter, Intuit achieved revenues of $3.18 billion, a year-over-year increase of +17.4%, with an EPS of $1.99 compared to $1.65 a year ago [10]. - The reported revenues exceeded the Zacks Consensus Estimate of $3.08 billion by +3.23%, and the EPS surprise was +6.99% [10]. - Intuit has consistently beaten consensus EPS and revenue estimates in the last four quarters [10]. Valuation Metrics - Intuit is currently graded D on the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [14]. - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued, fairly valued, or undervalued [12][13]. Conclusion - The analysis suggests that Intuit may perform in line with the broader market in the near term, as indicated by its Zacks Rank 3 [15].

Intuit stock has fallen out of favor with investors in 2024 amid fears surrounding AI and the IRS' new free online tax prep system. INTU shares are flat in 2024, lagging the Zacks Tech sector's 16% climb. Despite the recent underperformance, Intuit has more than doubled Tech over the past decade and it's projected to post solid double-digit sales and earnings growth going forward. Intuit stock could be ready to break out to all-time highs after getting rejected at its 2021 peaks multiple times this year. In ...

Tables of Contents Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.01 par value INTU Nasdaq Global Select Market Securities registered pursuant to Section 12(g) of the Act: None. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-K ☑ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended July 31, 2024 OR ☐ Transition report pursuant to Sect ...

JHVEPhoto Investment thesis Intuit (NASDAQ:INTU) has the goal of becoming the operating system for small businesses, similar to Microsoft (MSFT), through its tax and financial solutions. I think it can achieve this goal as it is the largest player in the space. I, as well as analysts, project a bright future with healthy double-digit revenue and free cash flow growth over the next 5 years. While risks remain in the form of regulation and the company's customer base being subject to recessions, I like the co ...

Wall Street has resumed its rally as investors are trying to move on from the panic selling earlier this month, sparked by recession fears. The recent rally is being fueled by a spate of positive economic data and the Federal Reserve's indication that rate cuts are on the horizon. However, inflation continues to be the biggest threat to the economy as it is still above the Fed's 2% target, which could keep markets volatile for a longer period. Given this situation, prudent investors seeking regular income a ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? 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. Intuit currently has an average brokerage r ...

Intuit Today INTU Intuit $619.00 -0.85 (-0.14%) 52-Week Range $473.56 ▼ $676.62 Dividend Yield 0.58% P/E Ratio 57.10 Price Target $716.35 Add to Watchlist On a day when stocks rallied on expectations of lower interest rates, Intuit Inc. NASDAQ: INTU was the biggest loser on the S&P 500. Shares of the financial services company known for the QuickBooks and TurboTax brands were down 6.8%. With the exception of a large dip in INTU stock after the company's first-quarter earnings report in May, the stock has be ...