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 Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Intuit (INTU - Free Report) closed at $670.09 in the latest trading session, marking a -1.45% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.37%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.71%.
Prior to today's trading, shares of the maker of TurboTax, QuickBooks and other accounting software had gained 1.06% lagged the Computer and Technology sector's gain of 8.04% and the S&P 500's gain of 4.26%.
Analysts and investors alike will be keeping a close eye on the performance of Intuit in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.1, signifying a 24.00% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $3.76 billion, indicating a 14.55% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.08 per share and a revenue of $21.07 billion, signifying shifts of +14.54% and +11.9%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Intuit. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Intuit is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Intuit is currently being traded at a Forward P/E ratio of 29.45. For comparison, its industry has an average Forward P/E of 27.66, which means Intuit is trading at a premium to the group.
We can also see that INTU currently has a PEG ratio of 1.95. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Computer - Software industry stood at 2.1 at the close of the market yesterday.
The Computer - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow INTU in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Intuit (INTU) Stock Sinks As Market Gains: What You Should Know
Intuit (INTU - Free Report) closed at $670.09 in the latest trading session, marking a -1.45% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.37%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.71%.
Prior to today's trading, shares of the maker of TurboTax, QuickBooks and other accounting software had gained 1.06% lagged the Computer and Technology sector's gain of 8.04% and the S&P 500's gain of 4.26%.
Analysts and investors alike will be keeping a close eye on the performance of Intuit in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.1, signifying a 24.00% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $3.76 billion, indicating a 14.55% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.08 per share and a revenue of $21.07 billion, signifying shifts of +14.54% and +11.9%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Intuit. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Intuit is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Intuit is currently being traded at a Forward P/E ratio of 29.45. For comparison, its industry has an average Forward P/E of 27.66, which means Intuit is trading at a premium to the group.
We can also see that INTU currently has a PEG ratio of 1.95. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Computer - Software industry stood at 2.1 at the close of the market yesterday.
The Computer - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow INTU in the coming trading sessions, be sure to utilize Zacks.com.