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Intuit (INTU) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Intuit (INTU - Free Report) closed at $424.39, marking a -1.78% move from the previous day. This change lagged the S&P 500's 0.74% loss on the day. Meanwhile, the Dow gained 0.01%, and the Nasdaq, a tech-heavy index, added 0.15%.
Heading into today, shares of the maker of TurboTax, QuickBooks and other accounting software had gained 7.81% over the past month, outpacing the Computer and Technology sector's gain of 3.19% and the S&P 500's gain of 4.58% in that time.
Wall Street will be looking for positivity from Intuit as it approaches its next earnings report date. In that report, analysts expect Intuit to post earnings of $1.17 per share. This would mark a year-over-year decline of 23.53%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.49 billion, up 24.09% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $13.70 per share and revenue of $14.53 billion. These totals would mark changes of +15.61% and +14.16%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Intuit. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.35% lower. Intuit currently has a Zacks Rank of #4 (Sell).
Looking at its valuation, Intuit is holding a Forward P/E ratio of 31.55. This represents a premium compared to its industry's average Forward P/E of 24.47.
Meanwhile, INTU's PEG ratio is currently 2.01. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. INTU's industry had an average PEG ratio of 2.06 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 129, which puts it in the bottom 49% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Intuit (INTU) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Intuit (INTU - Free Report) closed at $424.39, marking a -1.78% move from the previous day. This change lagged the S&P 500's 0.74% loss on the day. Meanwhile, the Dow gained 0.01%, and the Nasdaq, a tech-heavy index, added 0.15%.
Heading into today, shares of the maker of TurboTax, QuickBooks and other accounting software had gained 7.81% over the past month, outpacing the Computer and Technology sector's gain of 3.19% and the S&P 500's gain of 4.58% in that time.
Wall Street will be looking for positivity from Intuit as it approaches its next earnings report date. In that report, analysts expect Intuit to post earnings of $1.17 per share. This would mark a year-over-year decline of 23.53%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.49 billion, up 24.09% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $13.70 per share and revenue of $14.53 billion. These totals would mark changes of +15.61% and +14.16%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Intuit. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.35% lower. Intuit currently has a Zacks Rank of #4 (Sell).
Looking at its valuation, Intuit is holding a Forward P/E ratio of 31.55. This represents a premium compared to its industry's average Forward P/E of 24.47.
Meanwhile, INTU's PEG ratio is currently 2.01. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. INTU's industry had an average PEG ratio of 2.06 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 129, which puts it in the bottom 49% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.