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Intuit (INTU) Beats Stock Market Upswing: What Investors Need to Know
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Intuit (INTU - Free Report) closed the most recent trading day at $798.73, moving +1.63% from the previous trading session. This change outpaced the S&P 500's 0.02% gain on the day. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq gained 0.33%.
Shares of the maker of TurboTax, QuickBooks and other accounting software witnessed a gain of 1.21% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.31%, and the S&P 500's gain of 4.93%.
Analysts and investors alike will be keeping a close eye on the performance of Intuit in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.65, indicating a 33.17% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $3.74 billion, indicating a 17.61% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $20.06 per share and revenue of $18.74 billion, indicating changes of +18.42% and +15.1%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Intuit. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Intuit is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, Intuit currently has a Forward P/E ratio of 39.18. This valuation marks a premium compared to its industry average Forward P/E of 26.57.
Meanwhile, INTU's PEG ratio is currently 2.56. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Computer - Software stocks are, on average, holding a PEG ratio of 2.33 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 37, which puts it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Intuit (INTU) Beats Stock Market Upswing: What Investors Need to Know
Intuit (INTU - Free Report) closed the most recent trading day at $798.73, moving +1.63% from the previous trading session. This change outpaced the S&P 500's 0.02% gain on the day. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq gained 0.33%.
Shares of the maker of TurboTax, QuickBooks and other accounting software witnessed a gain of 1.21% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.31%, and the S&P 500's gain of 4.93%.
Analysts and investors alike will be keeping a close eye on the performance of Intuit in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.65, indicating a 33.17% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $3.74 billion, indicating a 17.61% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $20.06 per share and revenue of $18.74 billion, indicating changes of +18.42% and +15.1%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Intuit. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Intuit is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, Intuit currently has a Forward P/E ratio of 39.18. This valuation marks a premium compared to its industry average Forward P/E of 26.57.
Meanwhile, INTU's PEG ratio is currently 2.56. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Computer - Software stocks are, on average, holding a PEG ratio of 2.33 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 37, which puts it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.