Investors will be eagerly watching for the performance of Intuit in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.86, indicating a 12.73% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $3.08 billion, indicating a 13.73% upward movement from the same quarter last year. Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've c ...

Intuit currently has an average brokerage recommendation (ABR) of 1.36, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 28 brokerage firms. An ABR of 1.36 approximates between Strong Buy and Buy. Check price target & stock forecast for Intuit here>>> With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong ...

In its inaugural year, participants of the Intuit IDEAS Program experienced an average revenue growth of 23% and saved 16.5 hours per month due to efficiencies enabled by INTU's financial technology platform, which leverages data and AI as part of its core strategy. Additionally, participants benefited from guidance provided by Intuit's experts and business coaching from the Los Angeles Urban League. Intuit projects fiscal 2024 revenues in the band of $16.164-$16.2 billion, indicating 13% year-over-year gro ...

Over the past month, shares of this maker of TurboTax, QuickBooks and other accounting software have returned -8.7%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Computer - Software industry, which Intuit falls in, has gained 4.6%. The key question now is: What could be the stock's future direction? We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earning ...

Intuit plans to acquire technology and add employees from Zendrive to accelerate the development and adoption of Karma Drive, a telematics-powered, usage-based auto insurance product offered by Intuit business unit Credit Karma. Because Karma Drive is powered by telematics, the product gives carriers better visibility — with member consent — into members' driving behaviors, according to the release. Credit Karma has partnered with Zendrive since it launched Karma Drive more than three years ago, according t ...

Intuit, the maker of TurboTax, Credit Karma, QuickBooks and Mailchimp, will preview a new artificial intelligence (AI) system designed to help businesses increase revenue through smarter marketing. The new tools' preview is slated for Intuit's annual customer event in London next week. Next Tuesday (June 18), the company plans to begin allowing customers worldwide to sign up for early access to the technology. Intuit's move is the latest example of a technology company tapping AI to try to make its products ...

Summary of Intuit Inc. (NASDAQ:INTU) Investor Conference Call Company Overview - Intuit serves 100 million customers, including 90 million consumers and 10 million small businesses, primarily through its brands QuickBooks and TurboTax [3][4] - The company generates over $16 billion in revenue, with more than half from small businesses, approximately 15% from Credit Karma, and about 35% from TurboTax [4] Key Points from the Earnings Call Financial Performance and Guidance - Intuit raised its revenue growth and margin guidance despite the uncertain economic environment [6] - The small business segment has shown an 18% growth over the last couple of quarters, with the online ecosystem growing at a 19% rate [6] - Payment volumes increased by 22% in the last quarter, indicating strong portfolio resilience [7] Consumer Segment Insights - The assisted tax market, valued at $20 billion, grew by 17%, contributing $1.4 billion, or 30% of the Consumer Group's revenue [7] - TurboTax Live units increased by 12%, and full-service customers doubled year-over-year [8] Growth Strategies - Intuit aims to improve the customer experience for tax services, particularly through Credit Karma, which has over 40 million monthly active users [9] - The company is transitioning from a software-based to a service-based shopping experience [10] - Local search visibility is being enhanced to improve conversion rates for tax preparer searches [11] Market Dynamics - Small businesses are performing better than pre-COVID levels, with profitability up over the last six months, although cash reserves have decreased [19] - The company supports a diverse range of small businesses, which helps mitigate risks associated with economic fluctuations [20] Mid-Market Strategy - Intuit is focusing on improving its offerings for mid-market customers, including enhancing product features and go-to-market strategies [31][32] - The company is building a dedicated account management team for mid-market engagement [32] Competitive Advantages - Intuit's competitive edge lies in its existing customer base, ease of use, and integrated offerings that reduce the need for third-party services [34][36] AI Strategy - Intuit has been investing in AI since 2018, leveraging its extensive customer data to enhance product offerings and customer experiences [39] - AI applications are being tested in TurboTax and QuickBooks, showing promising results in customer retention and conversion rates [40][42] Profitability and Margins - Operating leverage is a key focus, with a goal to grow revenue faster than expenses, leading to margin expansion [46] - The use of third-party cloud services for processing helps keep costs down while leveraging proprietary AI models for better performance [49] Additional Insights - The Mailchimp acquisition is expected to enhance cross-selling opportunities and improve international market performance [24][29] - Intuit is committed to localized product offerings and marketing strategies to better serve international markets [25] This summary encapsulates the key insights and strategic directions discussed during the Intuit Inc. investor conference call, highlighting the company's growth potential and market positioning.

Intuit (INTU) has been making waves in the investment community lately. With a robust product portfolio, a recurring revenue model, and a dominant market position, this leading provider of financial software solutions presents a compelling case for investors seeking long-term growth opportunities. Intuit has an estimated 90% market share in the consumer tax preparation segment through its flagship product, TurboTax. Its QuickBooks accounting software holds a commanding 80% market share among small businesse ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with th ...

Key Takeaways Shares of Intuit, the maker of TurboTax software for taxpayers filing their own returns, slid Thursday as the IRS said it would broaden its free, direct tax filing program in 2025. The free IRS direct filing system will compete with Intuit's TurboTax, which offers both free and paid tax filing software. Direct File from the IRS will be available for use by all taxpayers starting in the 2025 tax season. Intuit earlier warned that it expects to lose customers who use its free TurboTax program if ...