New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 15, 2012
13:44 EDTINTUEarnings Preview: Intuit should report Q1 in-line with expectations
Intuit (INTU) is expected to report Q1 earnings after the market close on Thursday, November 15, with a conference call scheduled for 4:30 pm ET. The consensus estimate is (6c) for EPS and $639.22M for revenue, according to First Call. The company missed estimates last quarter after beating forecasts in the prior two. For Q1, the company expects revenues in the range of $630M-$640M. The non-GAAP operating loss is estimated to be in the $20M-$25M range. The company also expects non-GAAP EPS (6c)-(7c). Most of the analysts are of the opinion that Intuit will likely report as per its guidance. Though tax-related revenues will likely lack luster, analysts expect financial management and payroll segments to perform steadily. They also expect the small and medium business (SMB) segment to witness decent improvements stemming from good payroll business. Over the years, Intuit has posted losses in Q4 and Q1 due to seasonality. Its QuickBooks, Consumer Tax and Accounting Professionals revenues tend to be lowest during those quarters. Key issues on the call will be further details or re-affirmation of FY13 guidance, momentum in connected services, progress with Demandforce and any commentary on recent initiatives in tapping international markets. On its last earnings call, management said it was "optimistic about long-term growth opportunities." Guidance provided for FY13 adjusted EPS was $3.32-$3.38, on revenue of $4.55B-$4.65B. Intuit expects the following revenue growth by segment for FY13: Small Business Group: 15%-17%, Consumer Tax: 8%-10%, Accounting Professionals: 5%-8%, Financial Services: 6%-9%, and Other Businesses: 0%-4%. The company sees FY13 capex of $165M-$185M.
News For INTU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 21, 2014
10:01 EDTINTUOn The Fly: Analyst Initiation Summary
Subscribe for More Information
05:46 EDTINTUIntuit price target raised to $97 from $89 at JPMorgan
Subscribe for More Information
November 20, 2014
18:21 EDTINTUOn The Fly: After Hours Movers
Subscribe for More Information
16:14 EDTINTUIntuit initiated with a Buy at Jefferies
Subscribe for More Information
16:04 EDTINTUIntuit reports Q1 total QuickBooks Online subscribers 739,000
Subscribe for More Information
16:03 EDTINTUIntuit backs FY15 adjusted EPS view $2.45-$2.50, consensus $2.48
Subscribe for More Information
16:01 EDTINTUIntuit sees Q2 adjusted EPS (13c)-(11c), consensus (11c)
Subscribe for More Information
16:00 EDTINTUIntuit reports Q1 adjusted EPS (10c), consensus (20c)
Subscribe for More Information
15:28 EDTINTUNotable companies reporting after market close
Subscribe for More Information
November 19, 2014
08:07 EDTINTUIntuit November volatility elevated into Q1 and outlook
Subscribe for More Information
November 14, 2014
11:22 EDTINTUIntuit November volatility elevated into Q1 and outlook
Subscribe for More Information
November 10, 2014
15:57 EDTINTUWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
08:06 EDTINTUQlik Technologies, Intuit partner to deliver accounting analytics solutions
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use