Wall Street analysts expect Intuit (INTU) to post quarterly earnings of $2.65 per share in its upcoming report, which indicates a year-over-year increase of 33.2%. Revenues are expected to be $3.74 billion, up 17.6% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Intuit metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Net revenue- Consumer' to come in at $140.92 million. The estimate indicates a year-over-year change of +24.7%.
Based on the collective assessment of analysts, 'Net revenue- Global Business Solutions' should arrive at $3.00 billion. The estimate indicates a change of +17.3% from the prior-year quarter.
The average prediction of analysts places 'Net revenue- Credit Karma' at $573.14 million. The estimate suggests a change of +18.2% year over year.
Analysts forecast 'Net revenue- ProTax' to reach $38.21 million. The estimate suggests a change of +31.7% year over year.
Analysts' assessment points toward 'Net revenue- Global Business Solutions- Total Online Ecosystem' reaching $2.20 billion. The estimate points to a change of +20.3% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net revenue- Global Business Solutions Total Desktop Ecosystem' will likely reach $795.86 million. The estimate indicates a year-over-year change of +9.8%.
It is projected by analysts that the 'Net revenue- Global Business Solutions- Desktop Ecosystem- Desktop Services and Supplies' will reach $303.17 million. The estimate indicates a year-over-year change of -0.6%.
According to the collective judgment of analysts, 'Net revenue- Global Business Solutions- Online Ecosystem- Online Services' should come in at $1.12 billion. The estimate points to a change of +19.1% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net revenue- Global Business Solutions Online Ecosystem- QuickBooks Online Accounting' of $1.08 billion. The estimate indicates a change of +21% from the prior-year quarter.
The consensus estimate for 'Net revenue- Global Business Solutions- Desktop Ecosystem- QuickBooks Desktop Accounting' stands at $497.29 million. The estimate indicates a change of +18.4% from the prior-year quarter.
The consensus among analysts is that 'Net revenue- Service' will reach $3.22 billion. The estimate points to a change of +20.6% from the year-ago quarter.
Analysts predict that the 'Net revenue- Product and other' will reach $513.46 million. The estimate indicates a year-over-year change of -0.1%.
View all Key Company Metrics for Intuit here>>>
Shares of Intuit have demonstrated returns of -4.8% over the past month compared to the Zacks S&P 500 composite's +3.5% change. With a Zacks Rank #2 (Buy), INTU is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Intuit Inc. (INTU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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