Intuit (INTU) closed at $643.22 in the latest trading session, marking a -0.02% move from the prior day. This change was narrower than the S&P 500’s daily loss of 0.26%. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, lost 0.04%.
– ZacksComing into today, shares of the maker of TurboTax, QuickBooks and other accounting software had lost 4.28% in the past month. In that same time, the Computer and Technology sector gained 2.19%, while the S&P 500 gained 4.82%.
Wall Street will be looking for positivity from Intuit as it approaches its next earnings report date. In that report, analysts expect Intuit to post earnings of $1.88 per share. This would mark year-over-year growth of 176.47%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.74 billion, up 73.58% from the year-ago period.
INTU’s full-year Zacks Consensus Estimates are calling for earnings of $11.66 per share and revenue of $12.28 billion. These results would represent year-over-year changes of +19.71% and +27.45%, respectively.
Investors should also note any recent changes to analyst estimates for Intuit. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.33% lower. Intuit currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Intuit is holding a Forward P/E ratio of 55.19. This valuation marks a premium compared to its industry’s average Forward P/E of 37.15.
It is also worth noting that INTU currently has a PEG ratio of 3.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. Computer – Software stocks are, on average, holding a PEG ratio of 3.09 based on yesterday’s closing prices.
The Computer – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 101, putting it in the top 40% 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.
To follow INTU in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through November, the Zacks Top 10 Stocks gained an impressive +962.5% versus the S&P 500’s +329.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First To New Top 10 Stocks>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intuit Inc. (INTU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
All-new Ring Battery Doorbell, Head-to-Toe Video, Live View with Two-Way Talk, and Motion Detection & Alerts (2024…
$59.99 (as of February 7, 2025 20:04 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Peacoeye Spa Gifts for Women Valentines Day Gifts Bath Gift Baskets Relaxing Spa Self Care Gift for Mom Her Sister Wife Auntie…
$29.99 (as of February 7, 2025 20:04 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Chom Chom Roller Pet Hair Remover and Reusable Lint Roller - Black ChomChom Cat and Dog Hair Remover for Furniture, Couch,…
$24.99 (as of February 7, 2025 19:32 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Stanley Quencher H2.0 FlowState Stainless Steel Vacuum Insulated Tumbler with Lid and Straw for Water, Iced Tea or Coffee,…
$35.00 (as of February 7, 2025 20:04 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
