Intuit (INTU) closed at $662.30 in the latest trading session, marking a +1.29% move from the prior day. This change lagged the S&P 500's 3.26% gain on the day. Meanwhile, the Dow gained 2.81%, and the Nasdaq, a tech-heavy index, added 4.35%.
Prior to today's trading, shares of the maker of TurboTax, QuickBooks and other accounting software had gained 11.39% over the past month. This has outpaced the Computer and Technology sector's gain of 4.76% and the S&P 500's gain of 3.78% in that time.
Investors will be eagerly watching for the performance of Intuit in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 22, 2025. It is anticipated that the company will report an EPS of $10.89, marking a 10.22% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $7.54 billion, up 11.98% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $19.26 per share and revenue of $18.28 billion, which would represent changes of +13.7% and +12.26%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Intuit. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.15% downward. Intuit is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Intuit currently has a Forward P/E ratio of 33.95. For comparison, its industry has an average Forward P/E of 26.84, which means Intuit is trading at a premium to the group.
It is also worth noting that INTU currently has a PEG ratio of 2.36. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Computer - Software industry had an average PEG ratio of 2.33 as trading concluded yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).
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