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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
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May 22, 2015
10:03 EDTINTUHigh option volume stocks
High option volume stocks: HBB RENN ONTY LGF JMEI DK JO INTU TFM
07:50 EDTINTUIntuit price target raised to $120 form $106 at UBS
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05:39 EDTINTUIntuit price target raised to $120 from $113 at Jefferies
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May 21, 2015
16:05 EDTINTUIntuit sees FY15 QuickBooks Online subscribers of 1M-1.025M
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16:03 EDTINTUIntuit says grew total QuickBooks Online subscribers by 55% in Q3
Grew U.S. TurboTax Online units 13% in the tax season and total U.S. TurboTax units 9%, excluding Free File Alliance. Added more than 120,000 QuickBooks Online subscribers in the third quarter, ending with 965,000 paying subscribers worldwide.
16:02 EDTINTUIntuit sees FY15 adjusted EPS $2.50-$2.52, consensus $2.52
Prior view was $2.45-$2.50. Sees FY15 revenue $4.395B-$4.42B, consensus $4.36B. Prior view was $4.275B-$4.375B.
16:01 EDTINTUIntuit sees Q4 adjusted EPS (12c)-(10c), consensus (5c)
Sees Q4 revenue $720M-$745M, consensus $728.39M
16:00 EDTINTUIntuit reports Q3 adjusted EPS $2.85, consensus $2.74
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15:01 EDTINTUNotable companies reporting after market close
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May 20, 2015
08:29 EDTINTUIntuit Q3 upside widely expected, says Morgan Stanley
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May 19, 2015
11:17 EDTINTUIntuit May volatility elevated into Q3 and outlook
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08:17 EDTINTUIntuit price target raised to $120 from $105 at RBC Capital
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