Intuit Stock Brushes Off Earnings Beat as Outlook Disappoints

Group 1 - Intuit Inc reported fiscal fourth-quarter earnings of $2.75 per share on $3.83 billion in revenue, exceeding earnings estimates, but the stock fell 6.4% to $653.16 due to weaknesses in Mailchimp and TurboTax, along with a weaker-than-expected outlook [1] - The stock has experienced a decline for four consecutive weeks, moving further away from its July 30 record high of $18.70, although it still holds a year-to-date gain of 2.5% [2] - Analysts are divided on Intuit, with 27 firms maintaining a "buy" or better rating while 11 firms lean towards "hold" or worse, and several firms have cut their price targets [2] Group 2 - There is a growing bearish sentiment in the options market, with 13,000 puts traded compared to 10,000 calls, indicating a significant increase in put volume [3] - The most active options contracts include the September 650-strike call and the August 630- and 650-strike puts, with new positions being opened in all three [3] - Intuit's 50-day call/put volume ratio of 1.21 ranks higher than 91% of readings from the past year, indicating a shift in sentiment among options traders [4]