Intuit (INTU) To Report Q4 Earnings: What's In The Cards?
Zacks Investment Research | Aug 17, 2017 09:33PM ET
Intuit Inc. (NASDAQ:INTU) is set to release fourth-quarter 2017 earnings on Aug 22. Notably, the company has a positive record of earnings surprises in the trailing four quarters, with an average surprise of 24.3%.
Intuit reported stellar third-quarter fiscal 2017 results. The company reported adjusted income (including stock-based compensation but excluding amortization and other one-time items) from continuing operations of $3.71 per share, surpassing the Zacks Consensus Estimate of $3.67.
This tax-preparation related software maker posted revenues of $2.541 billion, which came within management’s guided range of $2.50-$2.55 billion and surpassed the Zacks Consensus Estimate of $2.486 billion. On a year-over-year basis, revenues were up 10.3% mainly on the back of higher demand emanating from the U.S. tax season and better-than-expected growth in QuickBooks Online.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Intuit provides financial, accounting and tax preparation as well as software and related services for small businesses, consumers, and accounting professionals in the United States and internationally.
We are positive about the company’s growing SMB exposure and believe that its strategic acquisitions will boost the segment. Increased adoption of its cloud-based services and products is another catalyst.
The company has also restructured business to focus on the QuickBooks services. It expects to continue investing in this portfolio, which might hurt its near-term profitability.
Stiff competition from payroll solution providers such as Paycom Software Inc. (NYSE:PAYC) and Automatic Data Processing is a concern, especially considering the seasonality of Intuit’s tax business and the ongoing economic uncertainty.
Intuit Inc. Price and EPS Surprise
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