Company Performance - Intuit's stock closed at $682.91, down 1.7% from the previous trading session, underperforming the S&P 500's gain of 0.41% [1] - Over the past month, Intuit's stock has increased by 4.15%, which is below the Computer and Technology sector's gain of 7.63% but above the S&P 500's gain of 3.15% [1] Upcoming Earnings - Intuit is expected to report an EPS of $3.1, reflecting a 24% increase from the prior-year quarter, with revenue anticipated at $3.76 billion, a 14.55% increase compared to the same quarter last year [2] - For the full year, earnings are projected at $23.08 per share and revenue at $21.07 billion, indicating increases of 14.54% and 11.9% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Intuit should be monitored, as positive estimate revisions can indicate an optimistic business outlook [4] - Changes in estimates are correlated with near-term stock prices, and investors can utilize the Zacks Rank system to capitalize on these changes [5] Zacks Rank and Valuation - Intuit currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining steady over the past month [6] - The company has a Forward P/E ratio of 30.09, which is higher than the industry average of 29.82, and a PEG ratio of 2, compared to the industry average PEG ratio of 2.12 [7] Industry Context - The Computer - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 153, placing it in the bottom 39% of over 250 industries [8]
Intuit (INTU) Stock Drops Despite Market Gains: Important Facts to Note