Intuit (INTU - Free Report) reported $3.39 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 11.3%. EPS of $2.63 for the same period compares to $2.20 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.38 billion, representing a surprise of +0.05%. The company delivered an EPS surprise of +14.85%, with the consensus EPS estimate being $2.29.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Intuit performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net revenue- ProTax: $274 million versus the seven-analyst average estimate of $260.75 million. The reported number represents a year-over-year change of +8.3%.
- Net revenue- Small Business & Self-Employed- Total Online Ecosystem: $1.69 billion versus the seven-analyst average estimate of $1.65 billion. The reported number represents a year-over-year change of +21.4%.
- Net revenue- Consumer: $492 million compared to the $543.01 million average estimate based on seven analysts. The reported number represents a change of -4.7% year over year.
- Net revenue- Small Business & Self-Employed: $2.25 billion versus $2.21 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +18.3% change.
- Net revenue- Small Business & Self-Employed- Total Desktop Ecosystem: $557 million versus the seven-analyst average estimate of $557.80 million. The reported number represents a year-over-year change of +10.1%.
- Net revenue- Credit Karma: $375 million versus $379.16 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Net revenue- Small Business & Self-Employed- Online Ecosystem- QuickBooks Online Accounting: $826 million versus $830.26 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +18.7% change.
- Net revenue- Small Business & Self-Employed- Online Ecosystem- Online Services: $862 million versus $814.38 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +24% change.
- Net revenue- Small Business & Self-Employed- Desktop Ecosystem- QuickBooks Desktop Accounting: $256 million versus $256.52 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +19.1% change.
- Net revenue- Service: $2.69 billion versus the five-analyst average estimate of $2.59 billion. The reported number represents a year-over-year change of +10.6%.
- Net revenue- Product and other: $693 million versus $698.28 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +14.2% change.
- Net revenue- Small Business & Self-Employed- Desktop Ecosystem- Desktop Services and Supplies: $301 million versus $306.24 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.4% change.
View all Key Company Metrics for Intuit here>>>Shares of Intuit have returned +2.6% over the past month versus the Zacks S&P 500 composite's +5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Intuit (INTU - Free Report) reported $3.39 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 11.3%. EPS of $2.63 for the same period compares to $2.20 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.38 billion, representing a surprise of +0.05%. The company delivered an EPS surprise of +14.85%, with the consensus EPS estimate being $2.29.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Intuit performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net revenue- ProTax: $274 million versus the seven-analyst average estimate of $260.75 million. The reported number represents a year-over-year change of +8.3%.
- Net revenue- Small Business & Self-Employed- Total Online Ecosystem: $1.69 billion versus the seven-analyst average estimate of $1.65 billion. The reported number represents a year-over-year change of +21.4%.
- Net revenue- Consumer: $492 million compared to the $543.01 million average estimate based on seven analysts. The reported number represents a change of -4.7% year over year.
- Net revenue- Small Business & Self-Employed: $2.25 billion versus $2.21 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +18.3% change.
- Net revenue- Small Business & Self-Employed- Total Desktop Ecosystem: $557 million versus the seven-analyst average estimate of $557.80 million. The reported number represents a year-over-year change of +10.1%.
- Net revenue- Credit Karma: $375 million versus $379.16 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Net revenue- Small Business & Self-Employed- Online Ecosystem- QuickBooks Online Accounting: $826 million versus $830.26 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +18.7% change.
- Net revenue- Small Business & Self-Employed- Online Ecosystem- Online Services: $862 million versus $814.38 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +24% change.
- Net revenue- Small Business & Self-Employed- Desktop Ecosystem- QuickBooks Desktop Accounting: $256 million versus $256.52 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +19.1% change.
- Net revenue- Service: $2.69 billion versus the five-analyst average estimate of $2.59 billion. The reported number represents a year-over-year change of +10.6%.
- Net revenue- Product and other: $693 million versus $698.28 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +14.2% change.
- Net revenue- Small Business & Self-Employed- Desktop Ecosystem- Desktop Services and Supplies: $301 million versus $306.24 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.4% change.
View all Key Company Metrics for Intuit here>>>Shares of Intuit have returned +2.6% over the past month versus the Zacks S&P 500 composite's +5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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