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Intuit’s (NASDAQ:INTU) Annual Results Are In: What Do the Numbers Reveal for the Year Ahead

Intuit’s (NASDAQ:INTU) Annual Results Are In: What Do the Numbers Reveal for the Year Ahead

September 6, 2024 Catherine Williams - Chief Editor Tech

Intuit’s Annual Results: What Do Analysts Think?

Intuit (NASDAQ:INTU) recently reported ⁤its ‌annual results, and we’ve taken⁣ a closer look at the business performance and what industry analysts think of the company. The results were generally solid, ⁣with revenues ⁢of ⁣$16 billion and⁤ statutory earnings per share of $10.43, both in line with analyst estimates, showing that Intuit‍ is meeting expectations.

NASDAQGS:INTU Earnings and Sales Growth Rate September‍ 6, 2024

Taking into account the⁢ latest results, the consensus forecast from Intuit’s 28 analysts is for revenues of US$18.3 billion in 2025. This represents a 12% improvement in revenue over the last 12⁤ months. EPS is‍ expected to increase by 16% to US$12.28. Prior to ‌this earnings release,⁣ analysts had expected revenues of US$18.3 billion ⁤and earnings per share (EPS) of US$12.29 ⁤in ‌2025.

There were no changes to the sales or earnings estimates or the $714 price target, which suggests that​ the company ‍met expectations‍ in ‍its recent performance. However, this ⁢is not ⁤the only conclusion that can​ be drawn from this ⁢data, as some investors⁤ also consider the spread of estimates when evaluating analyst price targets. There is a wide range of perceptions about Intuit, ‍with the most optimistic ‌analyst valuing it at $795⁤ per share, while the most⁤ pessimistic analysts ⁤value‍ it ⁣at $550 per share.

Looking at the ‌bigger picture, one way to understand these forecasts is to see how they measure up against past performance and industry growth estimates. It’s clear that⁣ Intuit’s revenue growth is expected to slow⁢ significantly, with revenue expected⁤ to grow 12% year-over-year through‍ the end of 2025. That’s a far⁣ cry from the 19% growth it’s seen⁣ over the past five years. Compare that to the​ 12% annual revenue growth forecast for the other 402 companies in the industry‌ covered by analysts.

Conclusion

The most important thing ⁤is that there was no significant change in investor sentiment as analysts reaffirmed that the company was‌ delivering results⁤ that were in line with their previous EPS ⁢estimates. Fortunately, there was no significant change in earnings outlook, and the business was still expected ​to grow along with the overall industry. There was‌ no ​material change in consensus price targets, suggesting that the‌ intrinsic value of the business⁣ was not significantly changed from the latest estimates.

With that in mind, we still think the long-term business trajectory is far more important for investors to consider. You can check out multiple Intuit ‌analysts’ projections out to 2027 here for free.

Valuation is complex, but we want to simplify it.

Fair value estimates, ⁢potential risks, dividends, insider transactions and financial⁢ condition Find out if ‌Intuit is undervalued or ‌overvalued⁢ with our detailed analysis, including:

Access free analytics to get ‍a better understanding of Intuit’s valuation and ​potential risks.

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