Intuit Inc. (NASDAQ:INTU) reported an EPS of $2.50, beating the estimated $2.35 and showcasing a 5.93% surprise over expectations. The company's revenue reached $3.28 billion, surpassing estimates and indicating a 10.2% year-over-year growth. Despite strong financial performance, Intuit's stock fell by 6% in extended trading due to a disappointing forecast for the current quarter. Intuit Inc. (NASDAQ:INTU) is a leading financial software company known for its flagship products like TurboTax, QuickBooks, and Credit Karma. These tools help individuals and businesses manage their finances efficiently. Intuit operates in a competitive market, with rivals such as H&R; Block and Sage Group. Despite the competition, Intuit continues to demonstrate strong financial performance. On November 21, 2024, Intuit reported earnings per share (EPS) of $2.50, surpassing the estimated $2.35. This marks a 5.93% surprise over the expected figures, as highlighted by Zacks. The EPS also showed a slight increase from $2.47 in the same quarter last year, indicating steady growth. This performance reflects Intuit's ability to consistently exceed market expectations. Intuit's revenue for the quarter ending in October 2024 reached $3.28 billion, exceeding the estimated $3.14 billion by 4.58%. This represents a 10.2% increase compared to the same period last year. The company has consistently outperformed consensus revenue estimates over the past four quarters, showcasing its strong market position and effective business strategies. Despite the positive earnings report, Intuit's stock fell by 6% in extended trading due to a disappointing forecast for the current quarter. The company expects revenue between $3.81 billion and $3.85 billion and EPS of 84 cents to 90 cents, falling short of the $1.50 EPS anticipated by analysts. This outlook has impacted investor sentiment, despite the company's strong past performance. Intuit's financial metrics reveal a high market valuation, with a price-to-earnings (P/E) ratio of approximately 64.14 and a price-to-sales ratio of about 11.68. The enterprise value to sales ratio is around 11.86, reflecting the company's valuation in relation to its revenue. Despite a relatively low debt-to-equity ratio of 0.33, indicating a conservative capital structure, the company's stock is trading at a premium relative to its cash flow generation.
I ntuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect.