We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Intuit (INTU) Stock Drops Despite Market Gains: Important Facts to Note
Read MoreHide Full Article
Intuit (INTU - Free Report) closed the most recent trading day at $682.91, moving -1.7% from the previous trading session. This move lagged the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.31%.
The maker of TurboTax, QuickBooks and other accounting software's stock has climbed by 4.15% in the past month, falling short of the Computer and Technology sector's gain of 7.63% and outpacing the S&P 500's gain of 3.15%.
The upcoming earnings release of Intuit will be of great interest to investors. The company is expected to report EPS of $3.1, up 24% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.76 billion, showing a 14.55% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $23.08 per share and revenue of $21.07 billion, which would represent changes of +14.54% and +11.9%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Intuit. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Intuit is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Intuit has a Forward P/E ratio of 30.09 right now. This expresses a premium compared to the average Forward P/E of 29.82 of its industry.
It is also worth noting that INTU currently has a PEG ratio of 2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Computer - Software industry held an average PEG ratio of 2.12.
The Computer - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 153, positioning it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Intuit (INTU) Stock Drops Despite Market Gains: Important Facts to Note
Intuit (INTU - Free Report) closed the most recent trading day at $682.91, moving -1.7% from the previous trading session. This move lagged the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.31%.
The maker of TurboTax, QuickBooks and other accounting software's stock has climbed by 4.15% in the past month, falling short of the Computer and Technology sector's gain of 7.63% and outpacing the S&P 500's gain of 3.15%.
The upcoming earnings release of Intuit will be of great interest to investors. The company is expected to report EPS of $3.1, up 24% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.76 billion, showing a 14.55% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $23.08 per share and revenue of $21.07 billion, which would represent changes of +14.54% and +11.9%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Intuit. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Intuit is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Intuit has a Forward P/E ratio of 30.09 right now. This expresses a premium compared to the average Forward P/E of 29.82 of its industry.
It is also worth noting that INTU currently has a PEG ratio of 2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Computer - Software industry held an average PEG ratio of 2.12.
The Computer - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 153, positioning it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.