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Intuit (INTU) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest close session, Intuit (INTU - Free Report) was down 6.21% at $383.30. The stock trailed the S&P 500, which registered a daily loss of 0.41%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.89%.
Heading into today, shares of the maker of TurboTax, QuickBooks and other accounting software had lost 4.26% over the past month, lagging the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
The investment community will be paying close attention to the earnings performance of Intuit in its upcoming release. It is anticipated that the company will report an EPS of $12.48, marking a 7.12% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $8.52 billion, showing a 9.87% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.15 per share and a revenue of $21.18 billion, signifying shifts of +14.89% and +12.46%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Intuit. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Intuit is carrying a Zacks Rank of #2 (Buy).
Looking at its valuation, Intuit is holding a Forward P/E ratio of 17.65. This represents a premium compared to its industry average Forward P/E of 16.62.
We can also see that INTU currently has a PEG ratio of 1.24. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Software industry currently had an average PEG ratio of 1.58 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 63, finds itself in the top 26% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
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Intuit (INTU) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, Intuit (INTU - Free Report) was down 6.21% at $383.30. The stock trailed the S&P 500, which registered a daily loss of 0.41%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.89%.
Heading into today, shares of the maker of TurboTax, QuickBooks and other accounting software had lost 4.26% over the past month, lagging the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
The investment community will be paying close attention to the earnings performance of Intuit in its upcoming release. It is anticipated that the company will report an EPS of $12.48, marking a 7.12% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $8.52 billion, showing a 9.87% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.15 per share and a revenue of $21.18 billion, signifying shifts of +14.89% and +12.46%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Intuit. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Intuit is carrying a Zacks Rank of #2 (Buy).
Looking at its valuation, Intuit is holding a Forward P/E ratio of 17.65. This represents a premium compared to its industry average Forward P/E of 16.62.
We can also see that INTU currently has a PEG ratio of 1.24. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Software industry currently had an average PEG ratio of 1.58 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 63, finds itself in the top 26% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.