Intuit (INTU) earnings preview: Will the "big beat" run continue?
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In this in-depth stock evaluation report, we will analyze Intuit (INTU), a supplier of small business and consumer financial software, with a focus on its upcoming Q2 earnings report. Intuit has been on an upward trend since late May, and its stock is near a new 52-week high.
INTU is set to report Q2 (Jan) results after the close, with a call to follow at 4:30pm ET. The company typically guides for EPS and revenue for the next quarter and full year. The estimates for non-GAAP EPS is $2.30, up 5% yr/yr, and for revenue, it's $3.39 bln, up 11% yr/yr. INTU guides for next quarter revs in %, so Q3 (Apr) revs last year was $6.018 bln for comparison purposes.
INTU has posted seven consecutive double-digit EPS beats and usually beats on revenue. The Q3 guidance will be particularly important due to the significance of tax season for the company. Intuit provides financial management and compliance products and services for consumers, small businesses, self-employed individuals, and accounting professionals in the United States, Canada, and internationally.
The stock has a forward P/E ratio of 39.22, which is above the current forward P/E for the S&P 500 of 18.7. INTU is positioned primarily in the Technology sector, which trades at a 39.02 price-to-earnings ratio on a trailing twelve-month basis. INTU's TTM P/E of 69.91 is more expensive than its peers in the sector.
Wall Street analysts currently rate the stock as a Strong Buy. INTU has a market cap of $178.67B and an enterprise value of $182.84B. The company trades primarily in the Technology sector, which has a forward P/E ratio of 39.02 on a trailing twelve-month basis.
Intuit (INTU) presents a promising investment opportunity with growth potential and a strong market position. The company has consistently beaten EPS and revenue expectations, and its stock has been trending higher since late May. With a forward P/E ratio of 39.22, INTU is more expensive than its peers in the Technology sector, but its growth prospects and market position suggest that it could be a valuable addition to a well-diversified investment portfolio.
