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 ...

In its upcoming report, Intuit (INTU) is predicted by Wall Street analysts to post quarterly earnings of $1.86 per share, reflecting an increase of 12.7% compared to the same period last year. Revenues are forecasted to be $3.08 billion, representing a year-over-year increase of 13.7%. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Before a company reve ...

Intuit (INTU) closed at $636.74 in the latest trading session, marking a -1.41% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.38%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 0.03%. The maker of TurboTax, QuickBooks and other accounting software's shares have seen a decrease of 3.05% over the last month, surpassing the Computer and Technology sector's loss of 7.5% and the S&P 500's loss of 3.2%. Analysts and investors alike will be ...

Intuit Inc INTU stock is trading lower Wednesday after Morgan Stanley analyst Keith Weiss downgraded the stock from Overweight to Equal-Weight and lowered its price target from $750 to $685. Weiss noted that investors have historically been willing to pay a premium multiple for Intuit, given its lack of cyclicality and near-monopoly status in its key segments. The analyst said Intuit's revenue has become more volatile since the introduction of Credit Karma and Mailchimp. Furthermore, Weiss noted that the cu ...

The most recent trading session ended with Intuit (INTU) standing at $637.82, reflecting a -1.47% shift from the previouse trading day's closing. This change lagged the S&P 500's 1.37% loss on the day. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 2.3%. The maker of TurboTax, QuickBooks and other accounting software's shares have seen a decrease of 1.9% over the last month, surpassing the Computer and Technology sector's loss of 2.84% and falling behind the S&P 500's gain of 1.11%. The inv ...

These fintech leaders are built to deliver strong performance for the long haul. Fintech is a high-growth industry that's evolving rapidly. Businesses and consumers are embracing innovative solutions to numerous problems and inefficiencies, and the companies that provide the best solutions are primed to deliver impressive returns to shareholders. These three fintech stocks are standout leaders with competitive advantages and strong growth prospects. 1. Block Block (SQ 3.38%) is a fintech powerhouse, but it ...

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Insider Today Thanks for signing up! Bull The announcement came just a week before the company announced it was laying off 10% of its workforce. As a result, Intuit failed to pay these workers the correct amount of overtime pay — which is one-and-a-half times normal wages for hours worked over 40 in a workweek — which violated the Fair Labor Standards Act, the DOL said. The case, which was settled administratively, covered the period from September 2021 to July 2023, the DOL spokesperson said. Advertisement ...

Intuit will cut 10% of its employees, but then replace them with those who will focus on the company's artificial intelligence efforts. The maker of TurboTax and other financial software announced it will eliminate 1,800 positions and close sites in Boise, Idaho and Edmonton, Alberta. CEO Sasan Goodarzi said the company faced a critical moment in its history because of the impact of AI. Intuit (INTU) shares fell Wednesday after the accounting software maker announced that as part of a reorganization plan it ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...