Intuit

Intuit (INTU) late Thursday reported stronger-than-expected fiscal second-quarter earnings, while the financial technology platform’s bottom-line guidance for the current quarter trailed Wall Street’s estimates. Adjusted per-share earnings jumped to $2.63 during the three months ended Jan. 31 from $2.20 a year earlier, topping the consensus compiled by Capital IQ of $2.31. Revenue increased 11% to $3.39 billion, in line with the Street’s view. “We had another strong quarter as consumers and small businesses continue to rely on Intuit’s platform to power their prosperity,” Chief Executive Sasan Goodarzi said in a statement. Small business and self-employed group revenue advanced 18% year over year to $2.2 billion, led by a 19% rise in QuickBooks online accounting sales that came on the back of customer growth and higher prices, Intuit said. Credit Karma’s revenue was flat at $375 million as growth in money, credit cards and auto loans was offset by declines in […]

Intuit Inc. (NASDAQ:INTU) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/21/2024 11.46% Wells Fargo $615 → $710 Maintains Overweight 01/29/2024 6.43% Oppenheimer $610 → $678 Maintains Outperform 01/25/2024 9.89% Keybanc $670 → $700 Maintains Overweight 12/15/2023 9.89% Susquehanna → $700 Initiates Coverage On → Positive 11/29/2023 -1.89% Mizuho $600 → $625 Maintains Buy 11/29/2023 -5.81% Stifel $550 → $600 Maintains Buy 11/29/2023 -10.52% Morgan Stanley $525 → $570 Maintains Overweight 11/29/2023 0.47% BMO Capital $605 → $640 Maintains Outperform 11/29/2023 -4.24% Oppenheimer $530 → $610 Maintains Outperform 11/29/2023 2.19% Citigroup $565 → $651 Maintains Buy 11/29/2023 -3.46% Wells Fargo $575 → $615 Maintains Overweight 11/29/2023 3.61% Barclays $570 → $660 Maintains Overweight 11/29/2023 0.78% Piper Sandler → $642 Reiterates Overweight → Overweight 11/27/2023 -26.22% JP Morgan $410 → $470 Maintains Neutral 09/29/2023 3.61% Wolfe Research $600 → $660 Maintains Outperform 09/29/2023

Intuit is scheduled to report its second-quarter results Thursday after the market closes. Here’s what you need to know. NET INCOME: The tax preparation software maker is expected to post $184.1 million in net income, up from $168 million a year earlier, according to FactSet. REVENUE: The Mountain View, Calif.-based company is expected to post $3.39 billion in revenue for the quarter ended Jan. 31, compared with $3.04 billion in the prior-year period, according to FactSet. Intuit previously forecast revenue to grow between 11% and 12% in the quarter. ADJUSTED EARNINGS: Stripping out one-time items, earnings are expected to come in at $2.30 a share, according to FactSet.

Intuit Inc. (NASDAQ:INTU) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 4.93% Oppenheimer $610 → $678 Maintains Outperform 01/25/2024 8.34% Keybanc $670 → $700 Maintains Overweight 12/15/2023 8.34% Susquehanna → $700 Initiates Coverage On → Positive 11/29/2023 -3.27% Mizuho $600 → $625 Maintains Buy 11/29/2023 -7.14% Stifel $550 → $600 Maintains Buy 11/29/2023 -11.78% Morgan Stanley $525 → $570 Maintains Overweight 11/29/2023 -0.95% BMO Capital $605 → $640 Maintains Outperform 11/29/2023 -5.59% Oppenheimer $530 → $610 Maintains Outperform 11/29/2023 0.75% Citigroup $565 → $651 Maintains Buy 11/29/2023 -4.82% Wells Fargo $575 → $615 Maintains Overweight 11/29/2023 2.15% Barclays $570 → $660 Maintains Overweight 11/29/2023 -0.64% Piper Sandler → $642 Reiterates Overweight → Overweight 11/27/2023 -27.26% JP Morgan $410 → $470 Maintains Neutral 09/29/2023 2.15% Wolfe Research $600 → $660 Maintains Outperform 09/29/2023 -11.01% Wells Fargo $550 → $575 Maintains Overweight 09/29/2023

Intuit Inc. (NASDAQ:INTU) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 16.54% Susquehanna → $700 Initiates Coverage On → Positive 11/29/2023 4.05% Mizuho $600 → $625 Maintains Buy 11/29/2023 -0.11% Stifel $550 → $600 Maintains Buy 11/29/2023 -5.1% Morgan Stanley $525 → $570 Maintains Overweight 11/29/2023 6.55% BMO Capital $605 → $640 Maintains Outperform 11/29/2023 1.55% Oppenheimer $530 → $610 Maintains Outperform 11/29/2023 8.38% Citigroup $565 → $651 Maintains Buy 11/29/2023 2.39% Wells Fargo $575 → $615 Maintains Overweight 11/29/2023 9.88% Barclays $570 → $660 Maintains Overweight 11/29/2023 6.88% Piper Sandler → $642 Reiterates Overweight → Overweight 11/27/2023 -21.75% JP Morgan $410 → $470 Maintains Neutral 09/29/2023 9.88% Wolfe Research $600 → $660 Maintains Outperform 09/29/2023 -4.27% Wells Fargo $550 → $575 Maintains Overweight 09/29/2023 -13.43% HSBC → $520 Initiates Coverage On → Hold 09/29/2023 6.88% Piper Sandler → $642 Reiterates Overweight

Intuit (NASDAQ:INTU) Sees FY24 Revenue $15.89B-$16.105B Vs $15.99B Est., Adj. EPS $16.17-$16.47 Vs $15.95 Est.