Intuit reported stronger-than-expected fiscal 2025 second-quarter results, fueled by robust segment growth and an AI-focused strategy.
Intuit (INTU) came out with quarterly earnings of $3.32 per share, beating the Zacks Consensus Estimate of $2.58 per share. This compares to earnings of $2.63 per share a year ago.
Tax-preparation software provider Intuit on Tuesday reported quarterly results that topped Wall Street's estimates, while forecasting third-quarter sales that were also above expectations.
TurboTax maker Intuit forecast third-quarter revenue above Wall Street estimates on Tuesday, betting on growing demand for its AI-driven financial services software.
Intuit Inc. INTU will release its second-quarter financial results after the closing bell on Tuesday, Feb. 25.
Wall Street analysts rerated Intuit Inc INTU ahead of its quarterly earnings report amid an exciting earnings season. JP Morgan analyst Mark R Murphy remained Neutral rated on Intuit.
Intuit's second-quarter fiscal 2025 results might benefit from strength in Online Ecosystem business. Desktop changes and Mailchimp headwinds may put pressure on results.
Get a deeper insight into the potential performance of Intuit (INTU) for the quarter ended January 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Intuit (INTU) concluded the recent trading session at $582.19, signifying a +0.39% move from its prior day's close.
Intuit's core brands (TurboTax, Credit Karma, QuickBooks, Mailchimp) create a strong financial services software powerhouse with minimal competition and significant long-term growth potential. Despite a recent 16% stock decline, Intuit's valuation at 29x 2025 P/E is nearing the lower end, making it an attractive buy, especially before tax season. Intuit's robust track record, innovative AI use, and potential to tap more than their 5% TAM penetration underscores its long run way ahead.
Intuit's high multiples are concerning, but the expected 2025 software sector recovery, strategic moves with Amazon, and efforts to attract more money to Credit Karma offer growth potential. The TurboTax and Credit Karma synergy shows promise, with $4 billion in tax refunds deposited into Credit Karma last year. They are aiming for more growth. INTU's partnership with Amazon integrates QuickBooks into the Amazon sellers' site, tapping into a $300 billion addressable market for small and medium-sized sellers.
Recently, Zacks.com users have been paying close attention to Intuit (INTU). This makes it worthwhile to examine what the stock has in store.