Intuit will announce earnings results this Tuesday after the bell. The market expects revenue to grow 11.4% year on year, slowing from the 20.3% increase recorded in the same quarter last year. Last quarter, Intuit met revenue expectations with $8.56 billion, up 10.4% year on year, and provided guidance that beat analyst estimates. Analysts have generally reconfirmed their estimates over the last 30 days, and Intuit has a history of exceeding Wall Street expectations. Peers BlackLine and Paycom have already reported Q2 results, with BlackLine meeting expectations and Paycom topping estimates by 3.5%. Intuit shares are up 20.9% over the last month, and the average analyst price target is $444.50 compared to the current share price of $367.56.
Intuit IncEarnings report upcoming; expectations and past performance noted, but outcome unknown.
Blackline Inc
Paycom Software, Inc.