Intuit (INTU) Q2 Earnings and Revenues Beat Estimates

Company Performance - Intuit reported quarterly earnings of $3.32 per share, exceeding the Zacks Consensus Estimate of $2.58 per share, and up from $2.63 per share a year ago, indicating strong performance [1] - The earnings surprise for this quarter was 28.68%, following a previous surprise of 5.93% when earnings were $2.50 per share against an expectation of $2.36 [2] - Revenues for the quarter reached $3.96 billion, surpassing the Zacks Consensus Estimate by 3.67%, and up from $3.39 billion year-over-year [3] Future Outlook - The sustainability of Intuit's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [4] - Current consensus EPS estimate for the upcoming quarter is $11.56 on revenues of $7.52 billion, while for the current fiscal year, the estimate is $19.27 on revenues of $18.27 billion [8] Industry Context - The Computer - Software industry, to which Intuit belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, which may impact stock performance [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [6]