Intuit Inc. (NASDAQ:INTU) is expected to report first quarter earnings results, after market close, on Thursday 19th November 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.37 per share.
Looking ahead, the full year income are expected at $ 8.43 per share on the revenues of $ 8290.72 million.
Previous Quarter Performance
Intuit Inc. announced income for the fourth quarter of $ 1.81 per share, from the revenue of $ 1,816.00 million. The quarterly revenues boosted 82.70 percent compared with the same quarter last year. Street analysts expected Intuit Inc. to report income of $ 1.05 per share on revenue of $ 1570.06 million for the fourth quarter. The bottom line results beat street analysts by $ 0.76 or 72.38 percent, at the same time, top line results outshined analysts by $ 245.94 million or 15.66 percent.
Stock Performance
Shares of Intuit Inc. traded low $ -4.01 or -1.12 percent on Wednesday, reaching $ 354.74 with volume of 912.40 thousand shares. Intuit Inc. has traded high as $ 360.26 and has cracked $ 353.76 on the downward trend
According to the previous trading day, closing price of $ 354.74, representing a 91.15 % increase from the 52 week low of $ 187.68 and a 4.88 % decrease over the 52 week high of $ 377.15.
The company has a market capital of $ 92.87 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Piper Sandler at Overweight rating, with $ 373.00 target price.
- On 5th October 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating.
Conference Call
Intuit Inc. will be hosting a conference call at 4:30 PM eastern time on 19th November 2020, to discuss its 1Q21 financial results with the investment community. The participants may dial, 866-417-5279 or 409-937-8904 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.intuit.com
Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in three segments: Small Business & Self-Employed, Consumer, and Strategic Partner.
