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News Breaks | | | | November 15, 2012 | | 13:44 EDT |  | INTU | Earnings 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. | |
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News For INTU From The Last 14 Days Check below for free stories on INTU the last two weeks. |
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| May 22, 2013 | | 09:49 EDT |  | INTU | Intuit moves up following results, levels to watch
 Subscribe for More Information | | | May 21, 2013 | | 16:06 EDT | | INTU | Intuit drops modesty after results and guidance, first look
Shares down less than a percent from the close in extended trade after initially trading higher after results. Earnings for the reported quarter beat, but guidance was below consensus. At the current price of $57.50, next support is at $57.09 and then at $55.75. Resistance is at $57.88, the closing value for today. | | | 16:03 EDT | | INTU | Intuit sees FY13 adjusted EPS $3.31-$3.35, consensus $3.33
Subscribe for More Information | | | 16:02 EDT | | INTU | Intuit sees Q4 adjusted EPS 3c-7c, consensus 11c
Subscribe for More Information | | | 16:01 EDT | | INTU | Intuit reports Q3 adjusted EPS $2.97, consensus $2.93
Subscribe for More Information | | | 15:18 EDT | | INTU | Notable companies reporting after market close
Subscribe for More Information | | | May 20, 2013 | | 16:31 EDT |  | INTU | Intuit announces organizational realignment
Intuit announced an organizational realignment designed to propel the company into its next phase of long-term growth. Intuit’s new structure becomes effective August 1 in conjunction with the company’s new fiscal year. It includes six go-to-market business units reporting to the chief executive officer. The company also announced that Kiran Patel, executive VP and general manager of Intuit’s Small Business Group, and Alex Lintner, senior VP and general manager of Intuit’s Global Business Division, will retire from Intuit shortly after the end of the fiscal year. The work of their respective organizations will be assimilated into the new organizational structure. | | | May 17, 2013 | | 15:27 EDT |  | INTU | Intuit June volatility flat into Q3 and growth outlook
Intuit June call option implied volatility is at 23, July is at 22, January is at 21; compared to its 26-week average of 24 according to Track Data, suggesting decreasing price movement into the expected release Q3 results on May 21. | |
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