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Intuit (INTU) Falls More Steeply Than Broader Market: What Investors Need to Know
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Intuit (INTU - Free Report) ended the recent trading session at $269.40, demonstrating a -2.32% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.77%. Elsewhere, the Dow saw a downswing of 0.67%, while the tech-heavy Nasdaq depreciated by 0.92%.
Shares of the maker of TurboTax, QuickBooks and other accounting software have depreciated by 22.98% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.26%, and the S&P 500's gain of 0.96%.
Market participants will be closely following the financial results of Intuit in its upcoming release. It is anticipated that the company will report an EPS of $2.46, marking a 26.35% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $4.3 billion, up 10.8% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.49 per share and a revenue of $23.39 billion, signifying shifts of -3.21% and +9.06%, respectively, from the last year.
Any recent changes to analyst estimates for Intuit should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
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. The Zacks Consensus EPS estimate has moved 0.02% higher within the past month. Intuit presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Intuit is presently being traded at a Forward P/E ratio of 11.74. This signifies a discount in comparison to the average Forward P/E of 16.23 for its industry.
Investors should also note that INTU has a PEG ratio of 0.79 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software industry had an average PEG ratio of 1.51 as trading concluded yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 35% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Intuit (INTU) Falls More Steeply Than Broader Market: What Investors Need to Know
Intuit (INTU - Free Report) ended the recent trading session at $269.40, demonstrating a -2.32% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.77%. Elsewhere, the Dow saw a downswing of 0.67%, while the tech-heavy Nasdaq depreciated by 0.92%.
Shares of the maker of TurboTax, QuickBooks and other accounting software have depreciated by 22.98% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.26%, and the S&P 500's gain of 0.96%.
Market participants will be closely following the financial results of Intuit in its upcoming release. It is anticipated that the company will report an EPS of $2.46, marking a 26.35% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $4.3 billion, up 10.8% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.49 per share and a revenue of $23.39 billion, signifying shifts of -3.21% and +9.06%, respectively, from the last year.
Any recent changes to analyst estimates for Intuit should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
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. The Zacks Consensus EPS estimate has moved 0.02% higher within the past month. Intuit presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Intuit is presently being traded at a Forward P/E ratio of 11.74. This signifies a discount in comparison to the average Forward P/E of 16.23 for its industry.
Investors should also note that INTU has a PEG ratio of 0.79 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software industry had an average PEG ratio of 1.51 as trading concluded yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 35% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.