Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Intuit (INTU), and highlights the importance of using these recommendations in conjunction with other research tools like the Zacks Rank [1][4]. Group 1: Brokerage Recommendations - Intuit has an average brokerage recommendation (ABR) of 1.59, indicating a consensus between Strong Buy and Buy, based on 29 brokerage firms [2]. - Out of the 29 recommendations, 21 are Strong Buy and one is Buy, which accounts for 72.4% and 3.5% of all recommendations respectively [2]. - Despite the positive ABR, relying solely on this information for investment decisions may not be advisable, as studies show brokerage recommendations often lack success in guiding investors towards stocks with significant price appreciation [4][5]. Group 2: Analyst Bias and Zacks Rank - Brokerage analysts tend to exhibit a strong positive bias due to their firms' vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [5][9]. - The Zacks Rank, which is based on earnings estimate revisions, is presented as a more reliable indicator of a stock's near-term price performance compared to the ABR [7][10]. - The Zacks Rank is timely and reflects changes in earnings estimates quickly, unlike the ABR, which may not always be up-to-date [11]. Group 3: Current Earnings Estimates for Intuit - The Zacks Consensus Estimate for Intuit's earnings for the current year remains unchanged at $19.27, suggesting steady analyst views on the company's earnings prospects [12]. - The unchanged consensus estimate has resulted in a Zacks Rank of 3 (Hold) for Intuit, indicating a cautious approach despite the Buy-equivalent ABR [13].

Company Performance - Intuit's stock closed at $609.41, reflecting a +0.87% change from the previous day, underperforming the S&P 500's daily gain of 0.88% [1] - Over the past month, Intuit's shares have depreciated by 5.35%, lagging behind the Computer and Technology sector's gain of 0.37% and the S&P 500's gain of 1.17% [2] Financial Expectations - Intuit is expected to report an EPS of $2.59, which is a decrease of 1.52% from the prior-year quarter, with a revenue forecast of $3.83 billion, representing a 12.99% increase from the prior-year quarter [3] - For the full year, analysts anticipate earnings of $19.27 per share and revenue of $18.27 billion, indicating changes of +13.75% and +12.18% respectively from last year [4] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Intuit reflect evolving short-term business trends, with positive revisions indicating optimism about the company's outlook [5] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently places Intuit at 3 (Hold), with a recent upward shift of 0.06% in the EPS estimate [7] Valuation Metrics - Intuit's Forward P/E ratio stands at 31.35, which is a premium compared to the industry's average Forward P/E of 31.04, while the PEG ratio is currently at 2.18, compared to the industry's average PEG ratio of 2.38 [8] Industry Context - The Computer - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 157, placing it in the bottom 38% of over 250 industries [9]

Intuit (INTU) has announced a new suite of offerings for the 2024 tax season to make tax filing faster and more affordable. It guarantees federal tax refunds five days early, regardless of the filer’s banking institution, helping customers get quicker access to essential funds. The platform also offers a free mobile app for federal and state tax filing regardless of any tax complexities.INTU is transforming from a tax and accounting platform to an AI-driven expert ecosystem. Its AI capabilities, like Intuit ...

In the latest market close, Intuit (INTU) reached $626.05, with a +1.73% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.06%.Heading into today, shares of the maker of TurboTax, QuickBooks and other accounting software had lost 6.64% over the past month, lagging the Computer and Technology sector's loss of 0.39% and the S&P 500's loss of 2.7% in that time.Investors will be ea ...

Intuit (INTU) had a strong start in fiscal 2025, delivering 10% revenue growth to reach $3.3 billion in the first quarter. The company's transformation into an AI-driven expert platform is yielding results, particularly visible in its Global Business Solutions Group. Its Online Ecosystem revenue growth of 20% marked a two-percentage-point acceleration from the previous quarter, coupled with Credit Karma's 29% revenue surge, thus demonstrating the successful execution of the company's digital initiatives.Cor ...

Summary of Intuit Inc. (NASDAQ:INTU) Conference Call Company Overview - **Company**: Intuit Inc. (NASDAQ:INTU) - **Event**: Barclays 22nd Annual Global Technology Conference - **Date**: December 11, 2024 - **Participants**: Marianna Tessel (EVP and GM, Global Business Solutions Group), Raimo Lenschow (Barclays) Key Points Industry and Company Evolution - Intuit has transitioned from a desktop product to a cloud-based subscription model, integrating mobile and AI technologies into its offerings [5][6] - The company emphasizes its ability to self-disrupt and innovate, which has been crucial for its growth and adaptation in the technology landscape [5][6] Technology and AI Integration - Intuit is focused on becoming an AI-driven expert platform, having invested early in AI capabilities and building a proprietary Generative AI operating system (GenOS) [7][8] - AI is integrated into various aspects of Intuit's products, enhancing user experiences such as cash flow predictions and expert matching [8][10] - The introduction of features like Intuit Assist allows users to automate tasks, significantly improving efficiency (e.g., invoices paid 45% faster) [10] Product Development and Innovation - Continuous product innovation is a priority, with a focus on creating an end-to-end solution for small and mid-sized businesses [12][18] - The launch of the Intuit Enterprise Suite aims to cater to mid-market customers with more complex needs, including advanced reporting and multi-entity capabilities [17] Market Opportunities - Intuit identifies a total addressable market (TAM) of approximately $180 billion, with significant opportunities in the mid-market segment [15] - The company recognizes a high level of non-consumption in the market, particularly among businesses still relying on spreadsheets and disparate solutions [15] Sales and Go-to-Market Strategy - Intuit is enhancing its sales organization, having built a team of 200 salespeople to better target mid-market customers [13][17] - The company is positioning itself as a comprehensive platform, integrating various functionalities to provide a seamless experience for users [18][20] Mailchimp Acquisition - The acquisition of Mailchimp is aimed at addressing customer acquisition challenges for small businesses, integrating marketing capabilities into Intuit's offerings [18][20] - Intuit is actively working on improving Mailchimp's product focus and integration within its ecosystem to enhance customer engagement and revenue generation [19][20] Future Vision - Intuit aims to be the central platform for small and mid-sized businesses, providing tools that address their daily operational needs and challenges [18][20] - The company is committed to leveraging AI and innovative technologies to create more automated and efficient solutions for its customers [10][12] Additional Insights - The company has a strong emphasis on understanding customer needs and mapping out solutions that provide end-to-end visibility and operational efficiency [18][20] - Intuit's proactive approach to product development and market positioning is expected to drive future growth and customer satisfaction [12][15]

Intuit Inc. (NASDAQ:INTU) Barclays 22nd Annual Global Technology Conference December 11, 2024 4:20 PM ET Company Participants Marianna Tessel - EVP and GM, Global Business Solutions Group Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Hey, welcome to our next session. Very happy to have Marianna here from Intuit. Question-and-Answer Session Q - Raimo Lenschow Let me start big picture. So, like, you had a kind of long career in the valley and I think people don't quite appreciate how m ...

Intuit has rolled out new tax platform offerings for personal and small business filers.The company behind services like TurboTax, Credit Karma and QuickBooks announced the new tools Thursday (Dec. 5), saying they were part of its efforts to help taxpayers outside of tax season.“Receiving a tax refund is a pivotal moment in the financial lives of millions of Americans each year, so we’re laser focused on eliminating the work and worry of tax filing, delivering the best ‘done-for-you’ tax prep experience on ...

Company and Industry Overview * **Company**: Intuit Inc. (NASDAQ:INTU) * **Industry**: Financial Technology (Fintech), Software as a Service (SaaS), Small and Medium-sized Business (SMB) Solutions Key Points and Arguments 1. **Economic Environment**: The economic environment is stable with optimism, driven by improving interest rate environment, regulatory environment, and potential increase in entrepreneurship due to better regulations for opening businesses. 2. **Demand Environment**: The demand environment is showing signs of improvement, particularly in the SMB-exposed software names. Growth is solid across the board, with notable improvements in the payments business and Credit Karma. 3. **Business Performance**: * **Global Business Solutions Group**: 80% of revenue is subscription-oriented, providing insulation in a downturn. The group is seeing strong momentum, with desktop revenue returning to growth in Q2. * **Credit Karma**: Revenue grew 29% in Q1, driven by improved monetization and expansion into new segments, particularly insurance. * **Online Ecosystem**: Grew 20% in Q1 and is expected to grow 20% for the full year. This is driven by pricing resonating, shift upmarket, and increased adoption of services. 4. **Intuit Enterprise Suite**: This new offering targets the mid-market and is gaining traction. The value proposition of getting insights across the whole business and making faster decisions is resonating with customers. 5. **Investment in Sales and Marketing**: Intuit is investing in sales and marketing, particularly in areas like Intuit Assist, live expertise, and international expansion. This investment is expected to pay off in the long term. 6. **AI and Machine Learning**: Intuit is leveraging AI and machine learning to improve conversion, retention, adoption, and monetization of its offerings. This includes AI onboarding, personalized product recommendations, and seamless unlock of live human experts. 7. **Promotional Activity**: Intuit has shifted its promotional cycle for TurboTax from December to January, aligning it with the timing when people start thinking about taxes. This change is expected to improve ROI. Other Important Points * **Headcount**: Headcount is expected to remain largely flat in Q1 to Q1, with a focus on right-sizing investments. * **Seasonality**: The timing and mix of marketing spend is changing, but the full-year spend is expected to be largely in line with historical trends. * **Margin Expansion**: Intuit expects to achieve margin expansion through strategic investments and operational efficiencies.

Core Insights - Intuit reported first-quarter fiscal 2025 non-GAAP earnings of $2.5 per share, exceeding the Zacks Consensus Estimate by 5.93%, with a year-over-year increase of 1.2% [1] - Revenues reached $3.28 billion, surpassing the consensus mark by 4.58% and reflecting a 10% year-over-year growth [1] - The company's Global Business Solutions Group saw mixed performance, with overall revenues growing 8.53% year over year to $2.54 billion, beating the Zacks Consensus Estimate by 1.62% [1] Revenue Breakdown - Online Ecosystem revenues increased by 20% to $1.94 billion, indicating a successful digital transformation strategy [2] - Desktop Ecosystem revenues declined by 17% to $601 million due to strategic changes made in early fiscal 2024, although this figure exceeded the Zacks Consensus Estimate by 3.24% [3] - QuickBooks Online Accounting revenue grew by 21% to $965 million, driven by an expanding customer base and effective pricing strategies [4] Performance of Online Services - Online Services recorded a 19% revenue growth to $978 million, with the Money segment's online payment volume increasing by 17% [5] - The Payroll segment benefited from customer growth and premium tier adoption, indicating successful upselling strategies [5] - Mailchimp showed strong progress in the mid-market segment but faced increased churn among smaller customers, prompting management to enhance product features [6] International Expansion and Market Strategy - Online Ecosystem revenues grew by 10% on a constant currency basis, demonstrating effective international expansion strategies [7] - The mid-market strategy showed strong execution with a 42% growth in Online Ecosystem revenues for QBO Advanced and Intuit Enterprise Suite [8] - The Desktop Ecosystem's revenue decline reflects the transition to a recurring subscription model, with management projecting a return to growth in the fiscal second quarter [9] Future Outlook - Management projects approximately 20% Online Ecosystem revenue growth for fiscal 2025, indicating confidence in the sustainability of its digital transformation strategy [10][11] - The integration of Mailchimp and QuickBooks services positions the company well to capture growth opportunities across market segments [11] - The results highlight successful execution of platform strategy and digital transformation initiatives, despite challenges in specific segments [12] Stock Performance - Intuit shares have gained 2.4% year to date, underperforming the broader Zacks Computer and Technology sector, which grew by 27.4% [13] - The company has also underperformed compared to peers like Progress Software and SS&C Technologies, which returned 27.5% and 24.6% respectively [14]