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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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September 30, 2014
14:53 EDTINTUIntuit says has lofty goals for growth of QuickBooks online
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12:46 EDTINTUIntuit sees FY17 adjusted EPS approximately $5.00
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12:09 EDTINTUIntuit says exited FY14 with strong momentum, setting up good FY15
Says has never been more excited about what's ahead. Says has reached the "inflection point." Says 70% of recurring revenue will be cloud-based by 2017. Comments from Annual Investor Day presentation.
09:05 EDTINTUIntuit still sees FY15 adjusted EPS $2.45-$2.50, consensus $2.48
Still sees FY15 revenue $4.275B-$4.375B, consensus $4.34B
09:04 EDTINTUIntuit still sees Q1 adjusted EPS (20c)-(21c), consensus (21c)
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09:02 EDTINTUIntuit backs Q1, FY15 outlook
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09:02 EDTINTUIntuit reaffirms Q1, FY15 outlook
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September 26, 2014
18:09 EDTINTUIntuit insiders sell $11M of stock as shares near all-time high, Barron's says
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September 24, 2014
08:07 EDTINTUIntuit volatility increases into investor day
Intuit October call option implied volatility is at 28, November is at 26, January is at 22; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into a company hosted investor day on September 30.
September 23, 2014
09:22 EDTINTUIntuit to host investor day
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