In the latest trading session, Intuit (INTU - Free Report) closed at $248.48, marking a -0.15% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.45%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, lost 0.5%.
Heading into today, shares of the maker of TurboTax, QuickBooks and other accounting software had lost 5.24% over the past month, lagging the Computer and Technology sector's gain of 2.84% and the S&P 500's gain of 2.62% in that time.
Investors will be hoping for strength from INTU as it approaches its next earnings release, which is expected to be May 23, 2019. On that day, INTU is projected to report earnings of $5.41 per share, which would represent year-over-year growth of 12.24%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.24 billion, up 10.61% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.57 per share and revenue of $6.66 billion. These totals would mark changes of +17.11% and +11.63%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for INTU. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. INTU is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, INTU is holding a Forward P/E ratio of 37.9. This valuation marks a premium compared to its industry's average Forward P/E of 32.96.
We can also see that INTU currently has a PEG ratio of 2.34. 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. INTU's industry had an average PEG ratio of 2.27 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.