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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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November 24, 2015
10:20 EDTINTUJPMorgan asks users of Quicken to verify data, WSJ reports
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November 20, 2015
10:17 EDTINTUHigh option volume stocks
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November 19, 2015
19:19 EDTINTUOn The Fly: After Hours Movers
UP AFTER EARNINGS: Intuit (INTU), up 8.1%... Ross Stores (ROST), up 8.2%. ALSO HIGHER: Cabela's (CAB), up 7.5% after Bloomberg reported that the company is receiving takeover interest... Nike (NKE), up 3.4% after announcing a $12B repurchase program, a two-for-one stock split, and that it will raise its dividend... Centene (CNC), up 2.4% after reiterating its fiscal 2015 earnings per share guidance... Universal Insurance (UVE), up 2.7% after announcing a new $10M share repurchase program. DOWN AFTER EARNINGS: Nimble Storage (NMBL), down 36.9%... Mentor Graphics (MENT), down 26.2%... Workday (WDAY), down 5.5%... Wesco Aircraft (WAIR), down 1.4%... Williams-Sonoma (WSM), down 3.7%... Zoe's Kitchen (ZOES), down 3.6%... Momo (MOMO), down 3.3%... Autodesk (ADSK), down 1%... Gap (GPS), down marginally.
16:06 EDTINTUIntuit raises FY16 EPS view to $3.45-$3.50 from $3.40-$3.45, consensus $3.43
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16:04 EDTINTUIntuit trades higher after earnings, levels to watch
Shares were last at $102 in the extended session following an earnings beat by the company. At that price resistance is at $103.82. Support is at $100.88.
16:04 EDTINTUIntuit sees Q2 EPS 17c-20c, consensus 5c
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16:02 EDTINTUIntuit reports Q1 EPS 9c, consensus (4c)
Reports Q1 revenue $713M, consensus $670.37M.
15:21 EDTINTUNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Intuit (INTU), consensus (4c)... Ross Stores (ROST), consensus (50c)... Workday (WDAY), consensus (4c)... Autodesk (ADSK), consensus 8c... Gap (GPS), consensus 63c... Splunk (SPLK), consensus 1c... Williams-Sonoma (WSM), consensus 72c... Mentor Graphics (MENT), consensus 29c.
November 18, 2015
07:27 EDTINTUIntuit volatility elevated into Q1 and outlook
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