On May 24, Intuit (NASDAQ: INTU ) was the S&P 500's worst-performing stock, prompting Barron's to wonder if the company behind TurboTax was one of the down, but not out, S&P 500 stocks to buy. INTU stock lost more than 8% on the day after it said its Q4 2024 EPS should be $1.83.
Intuit's (INTU) strong brand equity, product offerings and resilient business model make the stock worth a watch by investors despite elevated valuation and growing competition across segments.
Intuit Inc. (NASDAQ:INTU ) BofA Securities 2024 Global Technology Conference June 4, 2024 5:00 PM ET Company Participants Mark Notarainni - Head of the Consumer Group Conference Call Participants Brad Sills - Bank of America Welcoming Intuit to the conference. We are very fortunate to have the Head of the Consumer Group here, Mark Notarainni.
Intuit (INTU) possesses solid growth attributes, which could help it handily outperform the market.
Shares of Intuit (INTU) fell nearly 6% Thursday as the Internal Revenue Service (IRS) said it will make permanent its new direct income tax filing program for everyone, beginning with the tax filing season in 2025, news that threatens demand for the company's TurboTax software.
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Intuit has averaged 17.6% annual returns since 2003, but recently saw an 8% stock drop after losing 1 million free TurboTax users. Despite this, Intuit's revenue grew 12%, driven by high-value customers and AI innovations, mitigating competition fears. Strong financial health and international expansion bolster Intuit's growth. The company has robust cash reserves, low debt, and consistent dividend growth.
Intuit expects the number of free TurboTax customers to be around 10 million for the full fiscal year.
Shares of Intuit (INTU) dropped close to 8% in intraday trading Friday as the provider of financial and other software warned it will lose 1 million customers who use the free version of its TurboTax tax filing program.
A 9.0% decline in Intuit Inc (NASDAQ: INTU) following its quarterly earnings report last night is worth buying, as per a UBS analyst. Intuit stock could climb to $670 Intuit stock is taking a hit this morning because the management's guidance for the current quarter failed to impress the market.
Intuit's (INTU) fiscal third-quarter results reflect strength in the Online Ecosystem and Consumer Group business segments.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?