Intuit Inc (INTU) Earnings: 1Q Adjusted EPS Forecast Misses Estimates, 4Q Results Exceed Expectations

Intuit Inc on Smartkarma

Intuit Inc. is receiving positive analyst coverage on Smartkarma, an independent investment research network. Baptista Research‘s insight, “Intuit Inc.: Will Its Investment in Core Money Movement and Risk Management Capabilities Bear Fruit? – Major Drivers,” highlights the company’s strong performance in Q3 FY 2024. Intuit’s revenue grew by 12%, driven by the success of its Small Businesses and Self-Employed Group, showing the strategic value of their services. Additionally, the Consumer Group and Credit Karma also experienced growth thanks to product innovation and platform integration benefits.

In another report by Baptista Research, “Intuit Inc.: How Significant Are Their Advancements In Artificial Intelligence Capabilities? – Financial Forecasts,” it praises Intuit for its performance in the second quarter of fiscal year 2024. The company’s revenue grew by 11% and is on track to meet its full-year guidance of 11% to 12% revenue growth. Analysts also expect a 7% to 8% revenue growth in TurboTax, Intuit’s tax service, for the full fiscal year, showcasing optimism for the company’s future prospects.

A look at Intuit Inc Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Intuit Inc. has an overall positive long-term outlook according to Smartkarma Smart Scores. With strong scores in Growth and Momentum, the company is positioned for future success. The Growth score indicates that Intuit is expected to continue expanding and increasing its market presence, while the Momentum score suggests that the company is currently on an upward trajectory. Additionally, the company scores moderately well in Resilience, indicating its ability to withstand economic challenges. However, the Value and Dividend scores are lower, suggesting that investors may need to consider other factors beyond these traditional metrics when evaluating Intuit as an investment.

Intuit Inc. is a leading developer and marketer of business and financial management software solutions catering to small and medium-sized businesses, financial institutions, consumers, and accounting professionals. The company’s offerings include software for small business management, payroll processing, personal finance, and tax preparation and filing. With a strong focus on growth and innovation, Intuit is poised to capitalize on the evolving needs of its target market and drive future success in the industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma