Earnings and Growth Analysis : Intuit (NASDAQ:INTU)

Earnings results for Intuit (NASDAQ:INTU)

Intuit Inc. is expected* to report earnings on 05/25/2021 after market close. The report will be for the fiscal Quarter ending Apr 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $5.39. The reported EPS for the same quarter last year was $4.18.

Intuit last announced its quarterly earnings results on February 23rd, 2021. The software maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.55. The business earned $1.58 billion during the quarter, compared to the consensus estimate of $1.61 billion. Its revenue was down 7.1% compared to the same quarter last year. Intuit has generated $6.56 earnings per share over the last year and currently has a price-to-earnings ratio of 66.6. Intuit has confirmed that its next quarterly earnings report will be published on Tuesday, May 25th, 2021. Intuit will be holding an earnings conference call on Tuesday, May 25th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Intuit (NASDAQ:INTU)

21 Wall Street analysts have issued ratings and price targets for Intuit in the last 12 months. Their average twelve-month price target is $435.68, predicting that the stock has a possible downside of 1.07%. The high price target for INTU is $500.00 and the low price target for INTU is $383.00. There are currently 3 hold ratings and 18 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Intuit has received a consensus rating of Buy. The company’s average rating score is 2.86, and is based on 18 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $435.68, Intuit has a forecasted downside of 1.1% from its current price of $440.41. Intuit has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Intuit (NASDAQ:INTU)

Intuit has a dividend yield of 0.54%, which is in the bottom 25% of all stocks that pay dividends. Intuit has been increasing its dividend for 9 years. The dividend payout ratio of Intuit is 35.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Intuit will have a dividend payout ratio of 33.86% next year. This indicates that Intuit will be able to sustain or increase its dividend.

Insiders buying/selling: Intuit (NASDAQ:INTU)

In the past three months, Intuit insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,057,394.00 in company stock. Only 3.38% of the stock of Intuit is held by insiders. 81.86% of the stock of Intuit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Intuit (NASDAQ:INTU

Earnings for Intuit are expected to grow by 13.52% in the coming year, from $6.14 to $6.97 per share. The P/E ratio of Intuit is 66.63, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.55. The P/E ratio of Intuit is 66.63, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 47.73. Intuit has a PEG Ratio of 5.34. PEG Ratios above 1 indicate that a company could be overvalued. Intuit has a P/B Ratio of 22.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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