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 sees its Stochastic Oscillator ascends from oversold territory
On June 02, 2023, the Stochastic Oscillator for INTU moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 56 instances where the indicator left the oversold zone. In of the 56 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where INTU advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 24, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on INTU as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for INTU turned negative on May 25, 2023. 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 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
INTU moved below its 50-day moving average on May 24, 2023 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 May 26, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 .
INTU broke above its upper Bollinger Band on May 18, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for INTU entered a downward trend on June 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly 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 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 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 (6.854) is normal, around the industry mean (31.480). P/E Ratio (54.348) is within average values for comparable stocks, (167.650). Projected Growth (PEG Ratio) (1.647) is also within normal values, averaging (4.158). Dividend Yield (0.007) settles around the average of (0.068) among similar stocks. P/S Ratio (8.666) is also within normal values, averaging (75.604).
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Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of software products for businesses
Industry PackagedSoftware
INTU and
Correlation & Price change
A.I.dvisor indicates that over the last year, INTU has been closely correlated with ANSS. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if INTU jumps, then ANSS could also see price increases.
| Ticker / NAME | Correlation To INTU | 1D Price Change % | ||
|---|---|---|---|---|
| INTU | 100% | +1.98% | ||
| ANSS - INTU | 75% Closely correlated | +0.54% | ||
| PAYC - INTU | 74% Closely correlated | +4.34% | ||
| ADBE - INTU | 74% Closely correlated | +2.25% | ||
| CDAY - INTU | 73% Closely correlated | +3.99% | ||
| MSFT - INTU | 73% Closely correlated | +0.85% | ||
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