The upcoming report from Intuit (INTU) is expected to reveal quarterly earnings of $3.66 per share, indicating an increase of 10.2% compared to the year-ago period. Analysts forecast revenues of $4.53 billion, representing an increase of 14.2% year over year.
The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.
That said, let's delve into the average estimates of some Intuit metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Net revenue- Consumer' to reach $1.42 billion. The estimate points to a change of +178.2% from the year-ago quarter.
Analysts' assessment points toward 'Net revenue- Product and other' reaching $755.90 million. The estimate points to a change of +5.9% from the year-ago quarter.
Analysts expect 'Net revenue- Service' to come in at $3.77 billion. The estimate suggests a change of +16.2% year over year.
The combined assessment of analysts suggests that 'Cost of revenue- Cost of product and other revenue' will likely reach $24.87 million.
View all Key Company Metrics for Intuit here>>>
Intuit shares have witnessed a change of -32.5% in the past month, in contrast to the Zacks S&P 500 composite's +1.8% move. With a Zacks Rank #4 (Sell), INTU is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intuit Inc. (INTU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
