Core Insights - Intuit Inc. is set to release its second-quarter financial results on February 25, with expected earnings of $2.58 per share, a decrease from $2.63 per share in the same quarter last year [1] - The company anticipates quarterly revenue of $3.83 billion, up from $3.39 billion a year earlier [1] - On November 21, 2024, Intuit provided adjusted EPS and revenue guidance that fell below analyst expectations [1] Stock Performance - Intuit shares increased by 0.3%, closing at $567.24 on Monday [2] Analyst Ratings - Jefferies analyst Brent Thill maintained a Buy rating and raised the price target from $790 to $800 [4] - Oppenheimer analyst Scott Schneeberger maintained an Outperform rating and increased the price target from $712 to $722 [4] - Stifel analyst Brad Reback maintained a Buy rating but reduced the price target from $795 to $725 [4] - JP Morgan analyst Mark Murphy maintained a Neutral rating and raised the price target from $600 to $640 [4] - Barclays analyst Raimo Lenschow maintained an Overweight rating and cut the price target from $800 to $775 [4]

Wall Street analysts rerated Intuit Inc INTU ahead of its quarterly earnings report amid an exciting earnings season. JP Morgan analyst Mark R Murphy remained Neutral rated on Intuit.Heading into Intuit’s second quarter, Murphy’s view of valuation risk/reward has improved, given the stock’s pullback to a lower level than it traded at 3.5 years ago while appreciating moving pieces, particularly around TurboTax, which is typically the leading investor focus this time of year due to the approaching tax season. ...

Core Viewpoint - Intuit (INTU) is set to report its second-quarter fiscal 2025 results on February 25, with expectations of revenue growth and mixed dynamics affecting performance [1][4]. Revenue Expectations - For the second quarter of fiscal 2025, Intuit anticipates revenues to grow between 13% and 14% year-over-year, projecting a range of $3.812 billion to $3.845 billion, with the Zacks Consensus Estimate at $3.83 billion, indicating a growth of 12.993% [2]. Earnings Projections - On a non-GAAP basis, Intuit expects earnings per share to be in the range of $2.55 to $2.61, with the consensus estimate at $2.59 per share, reflecting a year-over-year decline of 1.52% [3]. Performance Factors - Intuit's fundamentals remain solid, but several factors may pressure results, including a projected single-digit decline in Consumer Group revenues due to changes in retail promotions [4][5]. - The Online Ecosystem revenue growth accelerated to 20% in the first quarter of fiscal 2025, driven by customer growth and a shift towards higher-end offerings, with QuickBooks Advanced and Enterprise Suite showing robust 42% growth [6]. - Credit Karma reported a 29% revenue growth in the first quarter, but sustainability of this growth is uncertain due to macroeconomic conditions [7]. - Mailchimp is experiencing higher churn among smaller customers, which may impact near-term growth despite management's efforts to enhance products [8]. Long-term Outlook - Intuit's long-term strategy is compelling, focusing on an AI-driven platform and a total addressable market (TAM) exceeding $300 billion, although current valuations may reflect much of the optimism [9]. Uncertainty Factors - The transition of the Desktop Ecosystem and promotional changes introduce uncertainty for the second-quarter results, despite management's confidence in full-year targets [10]. Earnings Prediction Model - The current model does not predict a definitive earnings beat for Intuit, with an Earnings ESP of 0.00% and a Zacks Rank of 3 [11][12].

In its upcoming report, Intuit (INTU) is predicted by Wall Street analysts to post quarterly earnings of $2.59 per share, reflecting a decline of 1.5% compared to the same period last year. Revenues are forecasted to be $3.83 billion, representing a year-over-year increase of 13%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this per ...

My name is Jake Blumenthal, I serve as a Wealth Management Advisor & Portfolio Analyst at Meridian Wealth Management, a registered investment advisory. I use a combination of financial, technical, and macroeconomic analysis to best support my clients, form my opinions, and develop investment theses. My research and data analysis shared allow me to clearly review the growth and value of companies along with a vast selection of funds and themes. It also enables me to identify both short-term trends and long-t ...

Happy tax season, everybody. Like a lot of people, I get way too caught up with getting my taxes done as soon as possible, and hopefully not have to think about it again until next year. I thought this might be a goodI’m Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservative Magazine and the Quincy Institute for Responsibl ...

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 ...