Ahead of Intuit (INTU) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - Intuit (INTU) is expected to report quarterly earnings of $2.59 per share, a decline of 1.5% year-over-year, with revenues projected at $3.83 billion, reflecting a 13% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has remained unchanged over the past 30 days, indicating analysts have not revised their projections during this period [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts predict 'Net revenue- ProTax' will reach $284.58 million, a year-over-year increase of 3.9% [5]. - 'Net revenue- Small Business & Self-Employed- Total Online Ecosystem' is expected to be $2.06 billion, indicating a 22.1% increase year-over-year [5]. - 'Net revenue- Consumer' is forecasted at $477.30 million, reflecting a 3% decline from the previous year [6]. - 'Net revenue- Small Business & Self-Employed' is estimated at $2.67 billion, showing a 19.1% increase year-over-year [6]. - 'Net revenue- Credit Karma' is projected to be $393.64 million, a 5% increase year-over-year [7]. - 'Net revenue- Small Business & Self-Employed- Online Ecosystem- QuickBooks Online Accounting' is expected to reach $1.02 billion, indicating a 22.9% increase [7]. - 'Net revenue- Small Business & Self-Employed- Desktop Ecosystem- QuickBooks Desktop Accounting' is forecasted at $291.17 million, reflecting a 13.7% increase [8]. - The estimated 'Net revenue- Service' is projected to be $2.92 billion, a year-over-year increase of 8.4% [8]. - 'Net revenue- Product and other' is expected to reach $815.33 million, indicating a 17.7% increase year-over-year [9]. - 'Net revenue- Small Business & Self-Employed- Online Ecosystem- Online Services' is projected at $1.05 billion, reflecting a 21.4% increase [10]. Stock Performance - Intuit shares have decreased by 4.8% over the past month, contrasting with a 2.6% increase in the Zacks S&P 500 composite [10].