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Intuit (INTU) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest trading session, Intuit (INTU - Free Report) closed at $341.50, marking a -3.76% move from the previous day. This move lagged the S&P 500's daily gain of 0.32%. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq gained 1.09%.
The stock of maker of TurboTax, QuickBooks and other accounting software has risen by 16.77% in the past month, leading the Computer and Technology sector's loss of 18.34% and the S&P 500's loss of 5.4%.
Analysts and investors alike will be keeping a close eye on the performance of Intuit in its upcoming earnings disclosure. The company's earnings report is set to go public on November 19, 2026. The company is expected to report EPS of $2.47, down 26.05% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $4.3 billion, indicating a 10.81% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $23.5 per share and revenue of $23.39 billion, indicating changes of -3.17% and +11.8%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Intuit. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 past month, the Zacks Consensus EPS estimate has moved 0.03% higher. Intuit is currently a Zacks Rank #3 (Hold).
In terms of valuation, Intuit is presently being traded at a Forward P/E ratio of 15.1. Its industry sports an average Forward P/E of 17.01, so one might conclude that Intuit is trading at a discount comparatively.
We can additionally observe that INTU currently boasts a PEG ratio of 1.15. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computer - Software industry stood at 1.44 at the close of the market yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.
View the Zacks #1 Rank List
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Intuit (INTU) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Intuit (INTU - Free Report) closed at $341.50, marking a -3.76% move from the previous day. This move lagged the S&P 500's daily gain of 0.32%. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq gained 1.09%.
The stock of maker of TurboTax, QuickBooks and other accounting software has risen by 16.77% in the past month, leading the Computer and Technology sector's loss of 18.34% and the S&P 500's loss of 5.4%.
Analysts and investors alike will be keeping a close eye on the performance of Intuit in its upcoming earnings disclosure. The company's earnings report is set to go public on November 19, 2026. The company is expected to report EPS of $2.47, down 26.05% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $4.3 billion, indicating a 10.81% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $23.5 per share and revenue of $23.39 billion, indicating changes of -3.17% and +11.8%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Intuit. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 past month, the Zacks Consensus EPS estimate has moved 0.03% higher. Intuit is currently a Zacks Rank #3 (Hold).
In terms of valuation, Intuit is presently being traded at a Forward P/E ratio of 15.1. Its industry sports an average Forward P/E of 17.01, so one might conclude that Intuit is trading at a discount comparatively.
We can additionally observe that INTU currently boasts a PEG ratio of 1.15. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computer - Software industry stood at 1.44 at the close of the market yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.