The upcoming report from Intuit (INTU) is expected to reveal quarterly earnings of $3.66 per share, indicating an increase of 10.2% compared to the year-ago period. Analysts forecast revenues of $4.53 billion, representing an increase of 14.2% year over year.
The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Intuit metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Net revenue- Consumer' to reach $1.42 billion. The estimate points to a change of +178.2% from the year-ago quarter.
Analysts' assessment points toward 'Net revenue- Product and other' reaching $755.90 million. The estimate points to a change of +5.9% from the year-ago quarter.
Analysts expect 'Net revenue- Service' to come in at $3.77 billion. The estimate suggests a change of +16.2% year over year.
The combined assessment of analysts suggests that 'Cost of revenue- Cost of product and other revenue' will likely reach $24.87 million.
View all Key Company Metrics for Intuit here>>>Intuit shares have witnessed a change of -32.5% in the past month, in contrast to the Zacks S&P 500 composite's +1.8% move. With a Zacks Rank #4 (Sell), INTU is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
