Intuit Inc. (INTU) Releases Q1 Earnings Guidance
Intuit Inc. (NASDAQ:INTU) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ($0.20)-(0.21) for the period, compared to the Thomson Reuters consensus estimate of ($0.04), Analyst Ratings News reports. The company issued revenue guidance of $620-630 million, compared to the consensus revenue estimate of $680.08 million.Intuit also updated its FY15 guidance to $2.45-2.50 EPS.
Shares of Intuit Inc. (NASDAQ:INTU) traded up 0.63% on Thursday, hitting $85.81. The stock had a trading volume of 1,681,314 shares. Intuit Inc. has a 52-week low of $61.50 and a 52-week high of $85.58. The stock has a 50-day moving average of $82.03 and a 200-day moving average of $78.3. The company has a market cap of $24.360 billion and a P/E ratio of 27.22.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts expect that Intuit Inc. will post $3.58 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an underweight rating on shares of Intuit in a research note on Wednesday. They now have a $66.00 price target on the stock, down previously from $72.00. Analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of Intuit in a research note on Wednesday, May 28th. They now have a $84.00 price target on the stock, up previously from $77.00. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Intuit has an average rating of Hold and an average price target of $78.21.
Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.