Intuit is scheduled to report fiscal fourth-quarter earnings on Tuesday, August 25th, after market close, with Wall Street expecting EPS of $3.59, up 30.5% year-over-year, on revenue of $4.27 billion, up 11.5%. The company previously delivered better-than-expected fiscal third-quarter results and raised its full-year guidance, now anticipating non-GAAP EPS of $23.80 to $23.85 on revenue of $21.341 billion to $21.374 billion. Earlier this month, Truist downgraded Intuit to Hold, citing a softening growth outlook and lack of near-term catalysts, while Seeking Alpha's Quant rating is Hold and Wall Street analysts rate the stock a Buy. Over the last two years, Intuit has beaten EPS and revenue estimates 100% of the time, and over the last three months EPS estimates have seen eight upward revisions versus three downward, with revenue estimates seeing nine upward revisions versus two downward. Since the start of the year, Intuit shares have fallen 44%, compared to a 12% rise in the S&P 500.
Intuit IncEarnings preview with expected EPS and revenue growth, but also mentions downgrade and falling stock price.
Truist Financial CorpTruist downgraded Intuit to Hold, citing softening growth outlook.
