Intuit Inc. (INTU - Free Report) just released its third quarter fiscal 2018 financial results, posting adjusted earnings of $4.82 per share and revenues of $2.93 billion.
Intuit is currently a Zacks Rank #2 (Buy), which is subject to change based on today’s results. Shares of Intuit are up 50.8% over the last year and have climbed 6.3% in the last four weeks. The company’s stock did slip 0.60% on Tuesday to hit $190.54 per share prior to the release of its quarterly earnings results.
Intuit stock is currently down 0.73% to $189.15 per share in after-hours trading shortly after its earnings report was released.
INTU:
Beat earnings estimates. The company posted adjusted earnings of $4.82 per share, beating the Zacks Consensus Estimate of $4.67 per share.
Beat revenue estimates. The company saw revenue figures of $2.93 billion, topping our consensus estimate of $2.84 billion.
Intuit saw its quarterly revenues climb by roughly 15% from $2.54 billion in the year-ago period. Meanwhile, the company, which boasts flagship products QuickBooks and TurboTax, saw its adjusted earnings surge 24%.
Intuit completed the quarter with 3.2 million QuickBooks Online subscribers, up 45% from the year-ago period.
Looking ahead, the company upped its full-year revenue guidance to between $5.915 billion and $5.935 billion, which would mark growth between 14% and 15%. This also comes in above our current estimate of $5.78 billion.
Furthermore, Intuit now expects to post adjusted full-year earnings between $5.51 per share and $5.53 share. This would mark a 25% expansion, and also tops our current estimate of $5.41 per share.
"We are pleased with our momentum across the Online Ecosystem and we are encouraged by our strong performance through the tax season, including the successful debut of TurboTax Live, which we'll continue to scale next season," CEO Brad Smith said in a statement.
Here’s a graph that looks at INTU’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on INTU’s earnings report!
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Intuit Inc. (INTU - Free Report) just released its third quarter fiscal 2018 financial results, posting adjusted earnings of $4.82 per share and revenues of $2.93 billion.
Intuit is currently a Zacks Rank #2 (Buy), which is subject to change based on today’s results. Shares of Intuit are up 50.8% over the last year and have climbed 6.3% in the last four weeks. The company’s stock did slip 0.60% on Tuesday to hit $190.54 per share prior to the release of its quarterly earnings results.
Intuit stock is currently down 0.73% to $189.15 per share in after-hours trading shortly after its earnings report was released.
INTU:
Beat earnings estimates. The company posted adjusted earnings of $4.82 per share, beating the Zacks Consensus Estimate of $4.67 per share.
Beat revenue estimates. The company saw revenue figures of $2.93 billion, topping our consensus estimate of $2.84 billion.
Intuit saw its quarterly revenues climb by roughly 15% from $2.54 billion in the year-ago period. Meanwhile, the company, which boasts flagship products QuickBooks and TurboTax, saw its adjusted earnings surge 24%.
Intuit completed the quarter with 3.2 million QuickBooks Online subscribers, up 45% from the year-ago period.
Looking ahead, the company upped its full-year revenue guidance to between $5.915 billion and $5.935 billion, which would mark growth between 14% and 15%. This also comes in above our current estimate of $5.78 billion.
Furthermore, Intuit now expects to post adjusted full-year earnings between $5.51 per share and $5.53 share. This would mark a 25% expansion, and also tops our current estimate of $5.41 per share.
"We are pleased with our momentum across the Online Ecosystem and we are encouraged by our strong performance through the tax season, including the successful debut of TurboTax Live, which we'll continue to scale next season," CEO Brad Smith said in a statement.
Here’s a graph that looks at INTU’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on INTU’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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