Key Takeaways Intuit's fiscal 2025 first-quarter and full-year profit guidance fell short of expectations. The TurboTax and Credit Karma parent also reported a surprise loss in the fourth quarter. Intuit previously said it planned to replace employees it laid off with new staffers with a focus on AI in fiscal 2025. Intuit (INTU) is the S&P 500's worst performer Friday, a day after the company reported a surprise fourthquarter loss and a soft profit outlook. The TurboTax and Credit Karma parent sees fiscal 2 ...

Intuit (INTU) reported fiscal fourth-quarter 2024 non-GAAP earnings of $1.99 per share, which beat the Zacks Consensus Estimate by 6.99%. The bottom line jumped 21% from the year-ago quarter. Revenues of $3.18 billion beat the consensus mark by 3.23% and increased 17% year over year. Quarter Details Small Business and Self-Employed Group revenues (80.3% of total revenues) grew 20% year over year to $2.55 billion. Within the segment, total Online Ecosystem revenues climbed 18% year over year to $1.8 billion. ...

Intuit Today | --- | --- | |-----------------------|-------| | | | | | INTU | | Intuit | | | $665.29 | | | -5.20 (-0.78%) | | | 52-Week Range $473.56 | | | ▼ | | | $676.62 | | | Dividend Yield 0.54% | | | P/E Ratio 61.37 | | | Price Target $691.77 | | Add to Watchlist Intuit Inc. NASDAQ: INTU is the financial technology powerhouse behind TurboTax, Credit Karma, QuickBooks, and Mailchimp. The company continues to demonstrate its dominance in the market with the release of Intuit's earnings report for the fou ...

Intuit INTU reported better-than-expected fourth-quarter financial results and issued FY25 EPS guidance above estimates on Thursday. Also, the company approved a new $3 billion repurchase authorization. Intuit reported fourth-quarter revenue of $3.18 billion, beating the consensus estimate of $3.08 billion. The company reported adjusted earnings of $1.99 per share, beating analyst estimates of $1.84 per share, according to Benzinga Pro. "We delivered very strong results for the fourth quarter and full year, ...

Intuit (NASDAQ:INTU) just reported results for the fourth quarter of 2024. Intuit reported earnings per share of $1.99. This was above the analyst estimate for EPS of $1.84. The company reported revenue of $3.18 billion. This was 3.38% better than the analyst estimate for revenue of $3.08 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, a ...

Financial Data and Key Metrics Changes - Full-year revenue grew 13% with strong operating margin expansion, indicating robust momentum from investments and innovation [5][12] - Q4 revenue reached $3.2 billion, up 17%, with GAAP operating loss of $151 million due to a restructuring charge of $223 million [12][18] - Non-GAAP diluted earnings per share increased by 21% to $1.99 compared to $1.65 last year [12] Business Segment Data and Key Metrics Changes - Small Business and Self-Employed Group revenue grew 20% in Q4 and 19% for the full year, demonstrating the strength of the platform [13] - Online ecosystem revenue increased by 18% in Q4 and 20% for the full year, with ARPC growing 11% [13][14] - TurboTax Live revenue grew 17% in fiscal 2024, with full-service customers doubling and new customers tripling [20] Market Data and Key Metrics Changes - International online ecosystem revenue grew 11% in Q4 and 13% for the full year on a constant currency basis [16] - Total online payment volume facilitated on the platform grew 20%, with QuickBooks Capital financing increasing by 28% [9][12] - Credit Karma revenue improved from a 5% decline in Q1 to 14% growth in Q4, with full-year revenue at $1.7 billion, up 5% [18][19] Company Strategy and Development Direction - The company is focusing on an AI-driven expert platform strategy, emphasizing "done-for-you" experiences and connecting customers with AI-powered human expertise [5][6] - Investments are being accelerated in five key areas, including Intuit Assist, TurboTax Live, QuickBooks Live, money solutions, and mid-market services [7][8][10] - The company aims to expand its reach into the mid-market, targeting customers with more complex needs and enhancing its service offerings [10][11][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering double-digit revenue growth and margin expansion in fiscal year 2025, despite current economic challenges [5][22] - The macroeconomic environment is not expected to provide tailwinds, with guidance based on current trends and execution [33] - The company sees stable conditions across small businesses, with revenue and profitability up, although cash reserves are down compared to last year [64] Other Important Information - The company ended the quarter with approximately $4.1 billion in cash and investments, and $6 billion in debt, with a quarterly dividend of $1.04 per share [21] - The Small Business and Self-Employed Group will be renamed to Global Business Solutions Group to better reflect its focus on serving both small and mid-market businesses [26] Q&A Session Summary Question: Growth in Small Business Segment - Management emphasized that the focus remains on small businesses while also doubling down on mid-market opportunities, which have been in development for five years [28][30] Question: Consumer Group Guidance - The guidance reflects current trends without assuming macroeconomic tailwinds, with TurboTax Live expected to grow between 15% to 20% [33][34] Question: Restructuring and Reinvestment - The restructuring was not cost-saving driven but aimed at positioning the company for future growth, with reinvestments planned in five key areas [36][38] Question: Mailchimp Reacceleration - Integration with QuickBooks and a focus on mid-market and international growth are critical for Mailchimp's reacceleration [42] Question: Acceleration in QBO - Confidence in acceleration comes from service growth, mid-market traction, and pricing power, with no execution risk from restructuring [45][48] Question: Health of Small Business - Overall, small businesses are stable, with revenue and profitability up, although cash reserves are down compared to last year [64]

Intuit (INTU) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 6.99%. A quarter ago, it was expected that this maker of TurboTax, QuickBooks and other accounting software would post earnings of $9.34 per share when it actually produced earnings of $9.88, delivering a surprise of 5.78%. ...

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 ...

Intuit (INTU) is scheduled to report fourth-quarter fiscal 2024 results on Aug 22. For the fourth quarter of fiscal 2024, INTU expects revenues to grow between 13% and 14% on a year-overyear basis to the band of $3.063-$3.099 billion. The Zacks Consensus Estimate for revenues is pegged at $3.08 billion, indicating year-over-year growth of 13.73%. On a non-GAAP basis, Intuit anticipates earnings per share in the range of $1.8-$1.85. The consensus mark for earnings is pegged at $1.86 per share, suggesting a y ...

JHVEPhoto With a market capitalization of nearly $183 billion, Intuit (NASDAQ:INTU) is one of the largest businesses on the planet. The company has achieved this massive size by generating strong cash flows off of a large amount of revenue. But that's not all. Despite its size, it still manages to grow at a rather rapid pace. Of course, such quality and stability do not come cheap. When I last wrote about the company approximately one year ago in August 2023, I pointed out how expensive shares were. Even th ...