Intuit's Slight Decline in the Latest Trading Session

In a recent trading session, Intuit (INTU) saw its stock price close at $599.84, marking a -0.66% decrease from the previous closing value. This decline was somewhat sharper than the broader market, with the S&P 500 experiencing a 0.56% fall in the same session. Comparatively, the Dow Jones Industrial Average dropped by 0.25%, and the Nasdaq Composite Index decreased by 0.59%.

Intuit's Monthly Performance

Examining Intuit's performance over the past month reveals a 2.84% depreciation in its stock value, putting it behind the Computer and Technology sector's increase of 1.27%, as well as the S&P 500’s gain of 1.2%.

Upcoming Earnings and Projections

Investors are looking ahead to Intuit's forthcoming earnings report with keen interest. Expectations for the company's earnings per share (EPS) are set at $2.29, which would be a 4.09% rise from the same quarter the prior year. Additionally, revenue forecasts stand at $3.39 billion, suggesting an 11.36% year-over-year improvement.

For the full year, analysts are predicting earnings of $16.38 per share and total revenue of $16.04 billion, amounts that would represent year-over-year increases of +13.75% and +11.63%, respectively.

Analyst Expectations and Stock Performance

Changes in analyst estimates for Intuit are worth noting, as they often provide insight into up-to-date business trends and potential stock performance. Unchanged Intuit estimates over the last 30 days suggest a current market consensus. Presently, Intuit holds a Zacks Rank of #3 (Hold), indicating a neutral position.

Intuit’s Stock Valuation

With regards to valuation, Intuit's Forward P/E ratio stands at 36.87, which represents a premium compared to its industry average of 32.83. Intuit also has a PEG ratio of 2.5. Similar to the P/E ratio but incorporating expected earnings growth, this ratio shows Intuit is priced higher than the industry average PEG ratio of 2.25 at the end of the last trading day.

Industry Placement

The Computer - Software industry, part of the broader Computer and Technology sector, categorizes Intuit within it. This industry currently has a Zacks Industry Rank of 74, placing it in the upper echelon, specifically the top 30% of more than 250 industries. According to research, industries with higher rankings tend to outperform those ranked lower by a factor of 2 to 1.

Intuit, Earnings, Stocks