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With a market cap of $157 billion, Intuit Inc. (INTU) provides financial management, compliance, and marketing products and services in the United States. Headquartered in Mountain View, California, the company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax. INTU is expected to report its Q3 earnings on Thursday, May 22.
Ahead of the event, analysts expect INTU to report a profit of $9.63 per share, up 11.6% from a profit of $8.63 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in each of the past four quarters, which is notable. In the previous quarter, it reported an EPS of $2.07, which surpassed the consensus estimates by 63%, thanks to robust revenue growth across its segments.
For the current year, analysts expect INTU to report EPS of $14.14, up 21.8% from $11.61 in fiscal 2024. Moreover, analysts expect its earnings to surge 13.9% year-over-year to $16.11 per share in fiscal 2026.
Over the past year, INTU shares dropped marginally, underperforming the S&P 500 Index’s ($SPX) 9.4% gains and the Technology Select Sector SPDR Fund’s (XLK) 5.5% returns over the same time frame.
INTU stock advanced more than 1% in pre-market trading after HSBC upgraded the stock to “Buy” from “Hold” with an unchanged price target of $699 on Apr. 23.
The consensus opinion on INTU stock is strongly optimistic, with an overall “Strong Buy” rating. Out of the 29 analysts covering the stock, 24 recommend a “Strong Buy,” one recommends a “Moderate Buy,” three recommend a “Hold,” and one recommends a “Strong Sell.” Its mean price target of $716.78 indicates a robust 14.8% upside potential from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
