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Compared to Estimates, Intuit (INTU) Q4 Earnings: A Look at Key Metrics
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For the quarter ended July 2023, Intuit (INTU - Free Report) reported revenue of $2.71 billion, up 12.3% over the same period last year. EPS came in at $1.65, compared to $1.10 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.64 billion, representing a surprise of +2.68%. The company delivered an EPS surprise of +19.57%, with the consensus EPS estimate being $1.38.
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: $28 million compared to the $26.39 million average estimate based on seven analysts. The reported number represents a change of +12% year over year.
Net revenue- Small Business- Total Online Ecosystem: $1.55 billion versus $1.53 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +21.2% change.
Net revenue- Consumer segment: $128 million compared to the $126.07 million average estimate based on seven analysts. The reported number represents a change of -11.7% year over year.
Net revenue- Small Business & Self-Employed: $2.13 billion compared to the $2.09 billion average estimate based on seven analysts. The reported number represents a change of +20.5% year over year.
Net revenue- Small Business- Total Desktop Ecosystem: $581 million compared to the $564.71 million average estimate based on seven analysts. The reported number represents a change of +18.8% year over year.
Net revenue- Credit Karma: $424 million compared to the $393.64 million average estimate based on seven analysts. The reported number represents a change of -10.7% year over year.
Net revenue- Small Business- Online Ecosystem- QuickBooks Online Accounting: $762 million compared to the $753.57 million average estimate based on six analysts. The reported number represents a change of +22.3% year over year.
Net revenue- Small Business- Online Ecosystem- Online Services: $789 million versus $775.59 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +20.1% change.
Net revenue- Small Business- Desktop Services and Supplies- QuickBooks Desktop Accounting: $303 million versus the five-analyst average estimate of $278.11 million. The reported number represents a year-over-year change of +41.6%.
Net revenue- Small Business- Desktop Ecosystem- Desktop Services and Supplies: $278 million versus the five-analyst average estimate of $289.44 million. The reported number represents a year-over-year change of +1.1%.
Net revenue- Service: $2.36 billion versus $2.20 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
Net revenue- Product: $353 million compared to the $357.64 million average estimate based on four analysts. The reported number represents a change of +30.3% year over year.
Shares of Intuit have returned +1.4% over the past month versus the Zacks S&P 500 composite's -3.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Intuit (INTU) Q4 Earnings: A Look at Key Metrics
For the quarter ended July 2023, Intuit (INTU - Free Report) reported revenue of $2.71 billion, up 12.3% over the same period last year. EPS came in at $1.65, compared to $1.10 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.64 billion, representing a surprise of +2.68%. The company delivered an EPS surprise of +19.57%, with the consensus EPS estimate being $1.38.
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: $28 million compared to the $26.39 million average estimate based on seven analysts. The reported number represents a change of +12% year over year.
- Net revenue- Small Business- Total Online Ecosystem: $1.55 billion versus $1.53 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +21.2% change.
- Net revenue- Consumer segment: $128 million compared to the $126.07 million average estimate based on seven analysts. The reported number represents a change of -11.7% year over year.
- Net revenue- Small Business & Self-Employed: $2.13 billion compared to the $2.09 billion average estimate based on seven analysts. The reported number represents a change of +20.5% year over year.
- Net revenue- Small Business- Total Desktop Ecosystem: $581 million compared to the $564.71 million average estimate based on seven analysts. The reported number represents a change of +18.8% year over year.
- Net revenue- Credit Karma: $424 million compared to the $393.64 million average estimate based on seven analysts. The reported number represents a change of -10.7% year over year.
- Net revenue- Small Business- Online Ecosystem- QuickBooks Online Accounting: $762 million compared to the $753.57 million average estimate based on six analysts. The reported number represents a change of +22.3% year over year.
- Net revenue- Small Business- Online Ecosystem- Online Services: $789 million versus $775.59 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +20.1% change.
- Net revenue- Small Business- Desktop Services and Supplies- QuickBooks Desktop Accounting: $303 million versus the five-analyst average estimate of $278.11 million. The reported number represents a year-over-year change of +41.6%.
- Net revenue- Small Business- Desktop Ecosystem- Desktop Services and Supplies: $278 million versus the five-analyst average estimate of $289.44 million. The reported number represents a year-over-year change of +1.1%.
- Net revenue- Service: $2.36 billion versus $2.20 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
- Net revenue- Product: $353 million compared to the $357.64 million average estimate based on four analysts. The reported number represents a change of +30.3% year over year.
View all Key Company Metrics for Intuit here>>>Shares of Intuit have returned +1.4% over the past month versus the Zacks S&P 500 composite's -3.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.