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Intuit (INTU) Stock Sinks As Market Gains: What You Should Know
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Intuit (INTU - Free Report) closed at $635.53 in the latest trading session, marking a -1.76% move from the prior day. This move lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.26%.
Shares of the maker of TurboTax, QuickBooks and other accounting software witnessed a loss of 3.58% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 0.85%, and the S&P 500's gain of 1.89%.
The investment community will be closely monitoring the performance of Intuit in its forthcoming earnings report. On that day, Intuit is projected to report earnings of $3.65 per share, which would represent year-over-year growth of 9.94%. Our most recent consensus estimate is calling for quarterly revenue of $4.53 billion, up 14.23% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $23.13 per share and a revenue of $21.12 billion, demonstrating changes of +14.79% and +12.16%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Intuit. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.22% higher within the past month. Currently, Intuit is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Intuit is currently exchanging hands at a Forward P/E ratio of 27.97. This expresses a premium compared to the average Forward P/E of 22.85 of its industry.
It is also worth noting that INTU currently has a PEG ratio of 1.97. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer - Software industry had an average PEG ratio of 1.9 as trading concluded yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 85, finds itself in the top 35% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Intuit (INTU) Stock Sinks As Market Gains: What You Should Know
Intuit (INTU - Free Report) closed at $635.53 in the latest trading session, marking a -1.76% move from the prior day. This move lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.26%.
Shares of the maker of TurboTax, QuickBooks and other accounting software witnessed a loss of 3.58% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 0.85%, and the S&P 500's gain of 1.89%.
The investment community will be closely monitoring the performance of Intuit in its forthcoming earnings report. On that day, Intuit is projected to report earnings of $3.65 per share, which would represent year-over-year growth of 9.94%. Our most recent consensus estimate is calling for quarterly revenue of $4.53 billion, up 14.23% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $23.13 per share and a revenue of $21.12 billion, demonstrating changes of +14.79% and +12.16%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Intuit. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.22% higher within the past month. Currently, Intuit is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Intuit is currently exchanging hands at a Forward P/E ratio of 27.97. This expresses a premium compared to the average Forward P/E of 22.85 of its industry.
It is also worth noting that INTU currently has a PEG ratio of 1.97. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer - Software industry had an average PEG ratio of 1.9 as trading concluded yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 85, finds itself in the top 35% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.