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Intuit (INTU) Stock Falls Amid Market Uptick: What Investors Need to Know
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Intuit (INTU - Free Report) closed the most recent trading day at $272.14, moving -1.17% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.72%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.12%.
Coming into today, shares of the maker of TurboTax, QuickBooks and other accounting software had lost 7.21% in the past month. In that same time, the Computer and Technology sector lost 6.12%, while the S&P 500 lost 0.9%.
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 $3.59, marking a 30.55% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.27 billion, reflecting a 11.55% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.86 per share and a revenue of $21.37 billion, signifying shifts of +18.41% and +13.48%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Intuit. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% increase. Currently, Intuit is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Intuit has a Forward P/E ratio of 11.54 right now. This indicates a discount in contrast to its industry's Forward P/E of 16.33.
One should further note that INTU currently holds a PEG ratio of 0.77. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Computer - Software industry was having an average PEG ratio of 1.26.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
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Intuit (INTU) Stock Falls Amid Market Uptick: What Investors Need to Know
Intuit (INTU - Free Report) closed the most recent trading day at $272.14, moving -1.17% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.72%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.12%.
Coming into today, shares of the maker of TurboTax, QuickBooks and other accounting software had lost 7.21% in the past month. In that same time, the Computer and Technology sector lost 6.12%, while the S&P 500 lost 0.9%.
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 $3.59, marking a 30.55% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.27 billion, reflecting a 11.55% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.86 per share and a revenue of $21.37 billion, signifying shifts of +18.41% and +13.48%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Intuit. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% increase. Currently, Intuit is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Intuit has a Forward P/E ratio of 11.54 right now. This indicates a discount in contrast to its industry's Forward P/E of 16.33.
One should further note that INTU currently holds a PEG ratio of 0.77. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Computer - Software industry was having an average PEG ratio of 1.26.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.