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Insights Into Intuit (INTU) Q4: Wall Street Projections for Key Metrics
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Wall Street analysts forecast that Intuit (INTU - Free Report) will report quarterly earnings of $3.59 per share in its upcoming release, pointing to a year-over-year increase of 30.6%. It is anticipated that revenues will amount to $4.27 billion, exhibiting an increase of 11.5% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Intuit metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Net revenue- Global Business Solutions' at $3.39 billion. The estimate indicates a change of +12.4% from the prior-year quarter.
Analysts predict that the 'Net revenue- Global Business Solutions- Total Online Ecosystem' will reach $2.58 billion. The estimate indicates a change of +16.2% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net revenue- Consumer' of $884.54 million. The estimate indicates a change of +545.7% from the prior-year quarter.
Analysts forecast 'Net revenue- Global Business Solutions Total Desktop Ecosystem' to reach $807.14 million. The estimate suggests a change of +1.5% year over year.
The consensus among analysts is that 'Net revenue- Global Business Solutions Online Ecosystem- QuickBooks Online Accounting' will reach $1.32 billion. The estimate indicates a year-over-year change of +19.3%.
The combined assessment of analysts suggests that 'Net revenue- Product and other' will likely reach $569.11 million. The estimate points to a change of +5.4% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net revenue- Global Business Solutions- Online Ecosystem- Online Services' should arrive at $1.26 billion. The estimate indicates a year-over-year change of +13.3%.
Analysts expect 'Net revenue- Service' to come in at $3.70 billion. The estimate indicates a year-over-year change of +12.5%.
Analysts' assessment points toward 'Net revenue- Global Business Solutions- Desktop Ecosystem- QuickBooks Desktop Accounting' reaching $527.14 million. The estimate indicates a year-over-year change of +3%.
It is projected by analysts that the 'Net revenue- Global Business Solutions- Desktop Ecosystem- Desktop Services and Supplies' will reach $288.44 million. The estimate points to a change of +1.9% from the year-ago quarter.
According to the collective judgment of analysts, 'Cost of revenue- Cost of product and other revenue' should come in at $14.27 million.
Shares of Intuit have experienced a change of +27.4% in the past month compared to the +3.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), INTU is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into Intuit (INTU) Q4: Wall Street Projections for Key Metrics
Wall Street analysts forecast that Intuit (INTU - Free Report) will report quarterly earnings of $3.59 per share in its upcoming release, pointing to a year-over-year increase of 30.6%. It is anticipated that revenues will amount to $4.27 billion, exhibiting an increase of 11.5% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Intuit metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Net revenue- Global Business Solutions' at $3.39 billion. The estimate indicates a change of +12.4% from the prior-year quarter.
Analysts predict that the 'Net revenue- Global Business Solutions- Total Online Ecosystem' will reach $2.58 billion. The estimate indicates a change of +16.2% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net revenue- Consumer' of $884.54 million. The estimate indicates a change of +545.7% from the prior-year quarter.
Analysts forecast 'Net revenue- Global Business Solutions Total Desktop Ecosystem' to reach $807.14 million. The estimate suggests a change of +1.5% year over year.
The consensus among analysts is that 'Net revenue- Global Business Solutions Online Ecosystem- QuickBooks Online Accounting' will reach $1.32 billion. The estimate indicates a year-over-year change of +19.3%.
The combined assessment of analysts suggests that 'Net revenue- Product and other' will likely reach $569.11 million. The estimate points to a change of +5.4% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net revenue- Global Business Solutions- Online Ecosystem- Online Services' should arrive at $1.26 billion. The estimate indicates a year-over-year change of +13.3%.
Analysts expect 'Net revenue- Service' to come in at $3.70 billion. The estimate indicates a year-over-year change of +12.5%.
Analysts' assessment points toward 'Net revenue- Global Business Solutions- Desktop Ecosystem- QuickBooks Desktop Accounting' reaching $527.14 million. The estimate indicates a year-over-year change of +3%.
It is projected by analysts that the 'Net revenue- Global Business Solutions- Desktop Ecosystem- Desktop Services and Supplies' will reach $288.44 million. The estimate points to a change of +1.9% from the year-ago quarter.
According to the collective judgment of analysts, 'Cost of revenue- Cost of product and other revenue' should come in at $14.27 million.
View all Key Company Metrics for Intuit here>>>Shares of Intuit have experienced a change of +27.4% in the past month compared to the +3.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), INTU is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .