Intuit (INTU) Q1 Earnings and Revenues Top Estimates

Core Viewpoint - Intuit reported quarterly earnings of $3.34 per share, exceeding the Zacks Consensus Estimate of $3.1 per share, and showing a year-over-year increase from $2.5 per share [1][2]. Financial Performance - The earnings surprise for the quarter was +7.74%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2]. - Intuit's revenues for the quarter reached $3.89 billion, surpassing the Zacks Consensus Estimate by 3.30%, and up from $3.28 billion a year ago [3]. Stock Performance and Outlook - Intuit shares have increased by approximately 3.5% since the beginning of the year, while the S&P 500 has gained 12.9% [4]. - The current consensus EPS estimate for the upcoming quarter is $3.80, with expected revenues of $4.45 billion, and for the current fiscal year, the EPS estimate is $23.11 on revenues of $21.1 billion [8]. Industry Context - The Computer - Software industry, to which Intuit belongs, is currently ranked in the top 25% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9].