Intuit Inc INTU shares tanked in early trading on Friday, even after the company reported upbeat fiscal first-quarter results.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.Goldman Sachs analyst Kash Rangan maintained a Buy rating while raising the price target from $765 to $800.Stifel analyst Brad Reback reiterated a Buy rating while reducing the price target from $795 to $725.Oppenheimer analyst Scott Schneeberger reaffirmed an Outperform rating whil ...

I aim to invest in companies with perfect qualitative attributes, buy them at an attractive price based on fundamentals, and hold them forever. I hope to publish articles covering such companies approximately 3 times per week, with extensive quarterly follow-ups and constant updates.I manage a concentrated portfolio targeted at avoiding losers and maximizing exposure to big winners. This means that often I'll rate great companies at a 'Hold' because their growth opportunity is below my threshold, or their d ...

Intuit (INTU) reported first-quarter fiscal 2025 non-GAAP earnings of $2.5 per share, which beat the Zacks Consensus Estimate by 5.93%. The bottom line jumped 1.2% from the year-ago quarter.Intuit’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 13.09%.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.Revenues of $3.28 billion beat the consensus mark by 4.58% and increased 10% year over year.Quarter DetailsGlobal Bu ...

U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Friday's.Shares of Intuit Inc. INTU fell sharply in today's pre-market trading. Intuit reported upbeat results for its first-quarter results, but issued weak forecast for the current quarter.The company reported quarterly earnings of $2.50 per share, which beat the analyst consensus estimate of $2.35 per share. Quarterly revenue came in at $3.28 billion which beat the consensus estimate of $3.14 billion.Intuit s ...

Financial Data and Key Metrics Changes - The company reported revenue of $3.3 billion, representing a 10% increase year-over-year [18] - GAAP operating income was $271 million, down from $307 million last year, while non-GAAP operating income was $953 million, slightly down from $960 million [18] - GAAP diluted earnings per share (EPS) decreased to $0.70 from $0.85 a year ago, while non-GAAP diluted EPS increased to $2.50 from $2.47 [18] Business Line Data and Key Metrics Changes - Global Business Solutions Group revenue grew 9%, driven by a 20% increase in Online Ecosystem revenue, while Desktop Ecosystem revenue declined by 17% [19] - QuickBooks Online Accounting revenue increased by 21%, attributed to customer growth and higher effective prices [20] - Credit Karma revenue accelerated to 29%, with personal loans, auto insurance, and credit cards contributing significantly to growth [27] Market Data and Key Metrics Changes - International Online Ecosystem revenue grew 10% on a constant currency basis, with a notable 42% growth in Online Ecosystem revenue for QBO Advanced and Intuit Enterprise Suite [23][24] - The Desktop Ecosystem revenue is expected to return to growth in Q2, with an overall expectation of low single-digit growth in fiscal 2025 [25] Company Strategy and Development Direction - The company is transitioning from a tax and accounting platform to an AI-driven expert platform, focusing on creating done-for-you experiences [9] - The strategy includes disrupting the assisted tax category and enhancing year-round engagement with consumers [10][28] - The company aims to serve both small and mid-market businesses, with a significant addressable market of over $180 billion [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering double-digit revenue growth and margin expansion for the fiscal year [8] - The company is optimistic about its AI-driven strategy and the potential for significant growth, given the low penetration of its total addressable market [33] - Management highlighted the importance of customer engagement and retention as key drivers for future growth [35] Other Important Information - The company ended the quarter with approximately $3.4 billion in cash and investments and $6.1 billion in debt, with a quarterly dividend of $1.04 per share, representing a 16% increase [29] - The company reaffirmed its fiscal 2025 guidance, expecting total revenue growth of 12% to 13% and GAAP diluted EPS growth of 18% to 20% [30] Q&A Session Summary Question: How should the company think about the progression in drivers for full-year GBS guidance? - Management noted strong customer engagement and retention, with mid-market growth contributing to confidence in guidance [35] Question: What is the strategy regarding TurboTax marketing expenses? - Management indicated that early marketing campaigns have driven strong consideration and traffic, with a slight increase in the consumer group marketing budget expected [36][37] Question: Can you elaborate on the churn seen in Mailchimp's lower-end customer base? - Management clarified that the churn is due to innovations benefiting mid-market customers, not macroeconomic factors, and emphasized the need to improve first-time use for smaller customers [42][43] Question: What is the status of the mid-market go-to-market sales team hiring? - Management confirmed that the hiring of over 200 account managers is contributing to current growth, with expectations for further benefits in the coming quarters [48] Question: How does the company view the integration of AI into its products? - Management highlighted the goal of creating done-for-you experiences across all services, with significant improvements expected in tax season due to AI investments [64][65]

All artificial intelligence (AI) systems are software, but not all software is AI.At least, not yet. Embracing the AI-ification of everything was the theme of accounting and tax software provider Intuit Inc.’s Q1 2025 earnings call on Thursday (Nov. 21), where executives highlighted the success of the company’s AI-driven strategy.“We’ve had a strong start to the year as we demonstrate the power of Intuit’s AI-driven expert platform strategy. By delivering ‘done-for-you’ experiences, enabled by AI with acces ...

For the quarter ended October 2024, Intuit (INTU) reported revenue of $3.28 billion, up 10.2% over the same period last year. EPS came in at $2.50, compared to $2.47 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.14 billion, representing a surprise of +4.58%. The company delivered an EPS surprise of +5.93%, with the consensus EPS estimate being $2.36.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Intuit (INTU) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $2.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.93%. A quarter ago, it was expected that this maker of TurboTax, QuickBooks and other accounting software would post earnings of $1.86 per share when it actually produced earnings of $1.99, delivering a surprise of 6.99%. ...

Intuit (INTU) reported fiscal first-quarter results that beat analysts expectations, but shares tumbled in extended trading as the company's current-quarter forecast disappointed. The TurboTax and Credit Karma parent saw first-quarter revenue grow 10% to $3.3 billion, above the analyst consensus from Visible Alpha. Net income of $197 million or 70 cents per share declined from $241 million or 85 cents per share in the year-ago quarter, but topped analysts’ projections.  Looking ahead, Intuit said it expect ...

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, ...