Intuit is expected to release its fiscal third-quarter 2019 results on May 23.
The business and financial software company's own projection on the quarter's non-GAAP earnings ranges between $5.35 and $5.40 per share. According to Zacks Consensus Estimate, the figure is expected to be $5.41 - reflecting a potential +12.24% year-over-year growth.
While Intuit expects year-over-year revenue growth for the quarter to come in the range of +10-12%, the Zacks Consensus Estimate suggests +10.61%.
A key factor believed to be bolstering Intuit’s growth is its Quickbooks Online business. The Zacks Consensus Estimate for year-over-year growth in Quickbooks Online’s revenues and subscriber base are +36.3% and around +34% respectively.
However, revenues from the company’s Desktop product are estimated to have declined - 2.5% year-over-year by the consensus estimates.
The Aroon Indicator for INTU entered a downward trend on April 30, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 122 similar instances where the Aroon Indicator formed such a pattern. In of the 122 cases the stock moved lower. This puts the odds of a downward move at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
INTU moved below its 50-day moving average on April 01, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for INTU crossed bearishly below the 50-day moving average on March 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where INTU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved above the 0 level on April 26, 2024. You may want to consider a long position or call options on INTU as a result. In of 102 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for INTU just turned positive on April 24, 2024. Looking at past instances where INTU's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where INTU advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. INTU’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.593) is normal, around the industry mean (29.955). P/E Ratio (65.347) is within average values for comparable stocks, (155.575). Projected Growth (PEG Ratio) (2.392) is also within normal values, averaging (2.725). Dividend Yield (0.005) settles around the average of (0.081) among similar stocks. P/S Ratio (12.019) is also within normal values, averaging (55.459).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of software products for businesses
Industry PackagedSoftware