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.