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Valued at a market cap of $167.4 billion, Intuit Inc. (INTU) is a business and financial software company that develops and sells financial, accounting, and tax preparation software and related services. The Mountain View, California-based company operates in four segments, which are Small Business & Self-Employed, Consumer, Credit Karma, and ProTax. It is expected to announce its fiscal Q2 earnings results on Thursday, Feb. 27.
Ahead of this event, analysts project the financial software giant to report a profit of $1.27 per share, down nearly 3.1% from $1.31 per share in the year-ago quarter. The company has a solid track record of consistently beating Wall Street's earnings estimates in the last four quarters. In Q1, INTU’s EPS of $1.07 outpaced the consensus estimates by roughly 2%.
For fiscal 2025, analysts expect Intuit to report an EPS of $14.09, up 21.4% from a profit of $11.61 per share in fiscal 2024.
Shares of Intuit have declined 6% over the past 52 weeks, significantly lagging behind both the S&P 500 Index's ($SPX) 25.3% return and the Technology Select Sector SPDR Fund’s (XLK) 17.7% rise over the same time frame.
Shares of INTU plunged 5.7% following its Q1 earnings release on Nov. 21, despite delivering better-than-expected Q1 earnings and revenues. The bottom line rose 1.2% from the year-ago quarter, while the top line increased 10.1% year-over-year. However, the company’s current-quarter forecast disappointed investors as it came below analysts' expectations. It expects Q2 revenues in the range of $3.81 billion and $3.85 billion and EPS between 84 cents and 90 cents.
Wall Street analysts are strongly optimistic about Intuit’s stock, with a "Strong Buy" rating overall. Among 28 analysts covering the stock, 21 recommend "Strong Buy," one suggests a “Moderate Buy,” five indicate “Hold,” and one suggests a “Strong Sell.”
The mean price target for INTU is $734.62, which indicates a notable 22.9% potential upside from the current levels.
