Intuit (INTU) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - Intuit's stock closed at $554.58, reflecting a decline of -2.12% from the previous day, underperforming the S&P 500 which gained 0.26% [1] - Over the past month, Intuit's shares have decreased by 14.25%, contrasting with the Computer and Technology sector's gain of 1.58% and the S&P 500's gain of 1.57% [1] Upcoming Earnings - Analysts anticipate Intuit will report earnings of $3.65 per share, indicating a year-over-year growth of 9.94% [2] - The expected quarterly revenue is $4.53 billion, representing a 14.23% increase from the same period last year [2] Annual Estimates - For the annual period, earnings are projected at $23.13 per share and revenue at $21.12 billion, reflecting increases of +14.79% and +12.16% respectively from the previous year [3] - Recent changes in analyst estimates for Intuit are crucial as they often indicate near-term business trends, with positive revisions suggesting a favorable business outlook [3] Valuation Metrics - Intuit's Forward P/E ratio stands at 24.5, which is higher than the industry average Forward P/E of 22.53 [6] - The company has a PEG ratio of 1.72, slightly below the average PEG ratio of 1.74 for Computer - Software stocks [6] Industry Context - The Computer - Software industry is part of the broader Computer and Technology sector, which holds a Zacks Industry Rank of 86, placing it in the top 36% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]