Intuit (INTU) Tops Q3 Earnings and Revenue Estimates

Core Viewpoint - Intuit reported strong quarterly earnings, exceeding expectations and showing significant year-over-year growth in both earnings per share and revenue [1][3]. Financial Performance - The company achieved earnings of $11.65 per share, surpassing the Zacks Consensus Estimate of $10.89 per share, and up from $9.88 per share a year ago, representing a 17.8% increase [1] - Intuit's quarterly revenue reached $7.75 billion, exceeding the Zacks Consensus Estimate by 2.78% and up from $6.74 billion in the same quarter last year, indicating a year-over-year growth of 15.1% [3] Earnings Surprises - The earnings surprise for this quarter was 6.98%, following a previous quarter where the company delivered an earnings surprise of 28.68% [2] Market Performance - Intuit shares have increased approximately 5% since the beginning of the year, contrasting with a decline of 0.6% in the S&P 500 [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.58, with expected revenues of $3.51 billion, while the estimate for the current fiscal year is $19.26 on $18.28 billion in revenues [8] - The Zacks Rank for Intuit is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Computer - Software industry, to which Intuit belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]