Intuit's $1.17 Billion Volume Ranks 55th as Earnings Loom and Revenue Growth Targets 18%

On August 18, Intuit (INTU) edged up 0.07% to close with a trading volume of $1.17 billion, ranking 55th in market activity. The stock is set to report Q4 and FY 2025 earnings on August 21, with analysts projecting revenue between $3.73 billion and $3.77 billion, reflecting a 18% year-over-year increase. Non-GAAP earnings per share are forecast to range from $2.61 to $2.78, up from $1.99 in the prior year. Intuit’s full-year revenue growth target of 15% hinges on strong performance from its global business solutions segment, which accounted for 59% of FY 2024 revenue and is expected to grow at 16% annually.

Intuit’s AI integration has driven customer retention and efficiency gains, particularly in QuickBooks and TurboTax. CEO Sasan Goodarzi highlighted AI-powered tools like Intuit Assist, which automate workflows and reduce manual tasks. The company’s Credit Karma segment, contributing 10% of FY 2024 revenue, is projected to grow at 28% year-over-year, becoming a key growth driver. However, risks persist, including potential disruption from government initiatives like free tax-filing apps. TurboTax, which generated 27% of FY 2024 revenue, faces scrutiny amid lobbying efforts against such programs.

A backtest of a strategy buying the top 500 stocks by daily trading volume and holding for one day from 2022 to 2025 yielded a 0.98% average daily return. Over 365 days, this approach returned 31.52%, capturing short-term momentum while reflecting market volatility and timing risks. The strategy underscores the challenges of relying on volume-based signals in a dynamic market environment.