Intuit (INTU) Beats Stock Market Upswing: What Investors Need to Know

Intuit (INTU) closed the latest trading day at $627.86, indicating a +0.76% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.15%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.09%.Coming into today, shares of the maker of TurboTax, QuickBooks and other accounting software had gained 1.53% in the past month. In that same time, the Computer and Technology sector gained 1.15%, while the S&P 500 lost 0.21%.The upcoming earnings release of Intuit will be of great interest to investors. In that report, analysts expect Intuit to post earnings of $10.89 per share. This would mark year-over-year growth of 10.22%. In the meantime, our current consensus estimate forecasts the revenue to be $7.54 billion, indicating a 11.98% growth compared to the corresponding quarter of the prior year.Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $19.26 per share and revenue of $18.28 billion. These totals would mark changes of +13.7% and +12.26%, respectively, from last year.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Intuit. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.2% lower. Intuit is currently sporting a Zacks Rank of #3 (Hold).With respect to valuation, Intuit is currently being traded at a Forward P/E ratio of 32.35. This valuation marks a premium compared to its industry's average Forward P/E of 26.74.We can additionally observe that INTU currently boasts a PEG ratio of 2.25. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Computer - Software industry held an average PEG ratio of 2.26.The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 75, finds itself in the top 31% echelons of all 250+ industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intuit Inc. (INTU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks