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?
Intuit Inc (NASDAQ:INTU, ETR:ITU) shares fell 6% pre-market as a guidance miss for the current quarter and investor concern about a loss in the number of free users using its TurboTax tax software overshadowed better-than-expected earnings. The technology firm said it saw a decline in lower-end customers during this year's tax season, with 10 million people using its TurboTax platform to file their taxes, a drop of about 1 million from last year.
Intuit Inc. (NASDAQ:INTU ) Q3 2024 Earnings Call Transcript May 23, 2024 4:30 PM ET Company Participants Kim Watkins - VP of IR Sasan Goodarzi - CEO Sandeep Aujla - CFO Conference Call Participants Keith Weiss - Morgan Stanley Daniel Jester - BMO Capital Markets Siti Panigrahi - Mizuho Alex Markgraff - KeyBanc Capital Markets Kirk Materne - Evercore ISI Kash Rangan - Goldman Sachs Brad Reback - Stifel Brad Zelnick - Deutsche Bank Steve Enders - Citi Brad Sills - Bank of America Scott Schneeberger - Oppenheimer Raimo Lenschow - Barclays Michael Turrin - Wells Fargo Operator Good afternoon. My name is David and I'll be your conference operator.
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