Earnings Alerts

Intuit Inc (INTU) Earnings: 1Q Revenue and EPS Guidance Reaffirmed Amid Restructuring Efforts

By September 26, 2024 No Comments
  • Intuit maintains its 1Q revenue forecast with an expected increase of 5% to 6%.
  • The company still projects adjusted earnings per share (EPS) for 1Q between $2.33 and $2.38, with a consensus estimate of $2.35.
  • For the full fiscal year 2025, Intuit reaffirms its adjusted EPS forecast, projecting between $19.16 and $19.36, compared to an estimate of $19.34.
  • 1Q GAAP guidance includes a $19 million restructuring charge anticipated due to reorganization efforts announced in July.
  • The desktop ecosystem is expected to see a roughly 20% revenue decline in 1Q fiscal 2025 but is projected to return to growth in the second quarter.
  • The decline in desktop revenue aligns with changes from early fiscal 2024, when QuickBooks desktop offerings transitioned to a recurring subscription model, featuring more frequent product updates.
  • Market analysts’ ratings for Intuit include 22 buys, 8 holds, and 1 sell.

Intuit Inc on Smartkarma

Intuit Inc. is receiving positive analyst coverage on Smartkarma, with Baptista Research publishing insightful reports on the company. In their report titled “Intuit Inc.: Its Mid-Market Expansion & AI Investments Drive Our Optimism! – Major Drivers,” Baptista Research highlights the strong financial performance of Intuit in the fourth quarter and full fiscal year 2024. The emphasis on AI-driven solutions for financial management is seen as a key driver for future growth, with a 13% revenue increase reported for fiscal year 2024.

Furthermore, Baptista Research‘s report “Intuit Inc.: Will Its Investment in Core Money Movement and Risk Management Capabilities Bear Fruit? – Major Drivers” indicates Intuit’s success in executing its strategy to evolve into a global AI-powered platform for consumers and small businesses. The company’s revenue growth, particularly in the Small Businesses and Self-Employed Group, showcases the value of their services amidst a challenging environment. Overall, the analyst sentiment leans bullish on Intuit Inc., reflecting confidence in the company’s strategic direction and growth prospects.


A look at Intuit Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE2.8

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. is a well-established company in the business and financial management software industry. According to Smartkarma’s Smart Scores, Intuit Inc. has received a promising overall outlook. With a strong Growth score of 4, it suggests that the company is expected to experience significant growth in the long term, indicating potential expansion and development opportunities in its market segments.

Additionally, Intuit Inc. scores moderately on Resilience and Momentum, with scores of 3 for each. This implies that the company is relatively stable in the face of economic challenges and has steady positive performance to maintain its position in the industry. While the Value and Dividend scores are lower at 2 each, suggesting there may be room for improvement in these areas, the solid Growth, Resilience, and Momentum scores indicate a positive long-term outlook for Intuit Inc.


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.
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