Intuit (INTU, $554.02) beats fiscal Q4 earnings expectations
Intuit Inc. fiscal fourth quarter earnings surpassed analysts’ expectations, while revenue surged more than +40% year-over-year.
The financial software company’s adjusted earnings came in at $1.97 a share for its fiscal fourth quarter, compared to the $1.59 a share expected by analysts polled by FactSet.
Revenue in the quarter was $2.56 billion, also beating analysts’ estimate of $2.3 billion. It was $1.8 billion in the year-ago quarter.
Intuit's Credit Karma business generated revenue of $405 million, a quarterly record for the segment. In December, Intuit closed its $3.4 billion acquisition of Credit Karma.
For its fiscal first quarter, Intuit projects revenue growth of approximately 36% to 38%. It expects non-GAAP diluted earnings per share to come in between 94 cents and 99 cents.
For the full fiscal year, Intuit expects revenue of $11.05 billion to $11.2 billion. Analysts polled by FactSet predicted $9.4 billion.
INTU's Indicator enters downward trend
The Aroon Indicator for INTU entered a downward trend on May 16, 2022. 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 95 similar instances where the Aroon Indicator formed such a pattern. In 60 of the 95 cases the stock moved lower. This puts the odds of a downward move at 63%.
Current price $359.59 crossed the resistance line at $495.30 and is trading between $495.30 resistance and $297.10 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -24% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -2%.
The Momentum Indicator moved below the 0 level on April 11, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on INTU as a result. In 50 of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 56%.
The Moving Average Convergence Divergence Histogram (MACD) for INTU turned negative on April 21, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 27 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 55%.
INTU moved below its 50-day Moving Average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 51%.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where INTU's RSI Oscillator exited the oversold zone, 11 of 13 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 85%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 16 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +4.90% 3-day Advance, the price is estimated to grow further. Considering data from situations where INTU advanced for three days, in 270 of 370 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.
INTU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 57%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.65.
The Tickeron Seasonality Score of 95 (best 1 - 100 worst) indicates that the company is significantly overvalued 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 SMR rating for this company is 87 (best 1 - 100 worst), indicating weak sales and an unprofitable 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 Price Growth Rating for this company is 65 (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 Valuation Rating of 49 (best 1 - 100 worst) indicates that the company is fair valued 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 (6.743) is normal, around the industry mean (16.471). P/E Ratio (46.948) is within average values for comparable stocks, (154.393). Projected Growth (PEG Ratio) (1.519) is also within normal values, averaging (4.591). Dividend Yield (0.007) settles around the average of (0.027) among similar stocks. P/S Ratio (9.107) is also within normal values, averaging (124.500).
The Tickeron PE Growth Rating for this company is 43 (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 Profit vs. Risk Rating rating for this company is 38 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.2B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was -0.92%. For the same Industry, the average monthly price growth was -15.48%, and the average quarterly price growth was -24.67%. LAAB experienced the highest price growth at 126%, while SGNI experienced the biggest fall at -97.03%.
- 5/5/22 4:57 AM: Intuit (INTU, $447.92) was a top weekly gainer, with a +7.09% jump
- 4/20/22 8:58 AM: Intuit (INTU, $485.07) was a top weekly gainer, with a +5.08% jump
- 3/22/22 5:13 AM: Intuit (INTU, $466.5) was a top weekly gainer, with a +9.86% jump
The average weekly volume growth across all stocks in the Packaged Software Industry was 19.51%. For the same stocks of the Industry, the average monthly volume growth was 113.57% and the average quarterly volume growth was 41.15%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA50MA10 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 58%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.3.
6 stocks in the group of tickers exhibit a similar negative trend based on the MA50 indicator with an average likelihood of 77%.
The average market capitalization across the group is 1.2B. The market cap for tickers in the group ranges from 26.4M to 3.8B. TDC holds the highest valuation in this group at 3.8B. The lowest valued company is BSQR at 26.4M.
The average weekly price growth across all stocks in the group was 2.37%. For the same group, the average monthly price growth was -14.99%, and the average quarterly price growth was -33.46%. INUV experienced the highest price growth at 11.53%, while SPSC experienced the biggest fall at -8.78%.
- 5/11/22 7:46 AM: Inuvo (INUV, $0.35) is a top weekly loser for penny stocks, falling -19.06%
- 5/10/22 5:36 AM: Smith Micro Software (SMSI, $2.61) is a top weekly loser for penny stocks, falling -17.67%
- 4/13/22 8:15 AM: Inuvo (INUV, $0.39) is a top weekly loser for penny stocks, falling -18.83%
The average weekly volume growth across all stocks in the group was -65.37%. For the same stocks of the group, the average monthly volume growth was -12.48% and the average quarterly volume growth was -46.53%
- 2/17/22 6:17 AM: The volume for Inuvo stock increased for one day, resulting in a record-breaking daily growth of 459% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows