Intuit Inc reports results for the quarter ended July 31 - Earnings Summary

• Intuit Inc INTU.OQ reported quarterly adjusted earnings of $2.75​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of $1.99. The mean expectation of twenty four analysts for the quarter was for earnings of $2.66 per share. Wall Street expected results to range from $2.61 to $2.78 per share.

• Revenue rose 20.3% to $3.83 billion from a year ago; analysts expected $3.75 billion.

• Intuit Inc's reported EPS for the quarter was $1.35​.

• The company reported quarterly net income of $381 million.

• Intuit Inc shares had fallen by 11.2% this quarter and gained 11.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the financial technology (fintech) peer group is also "buy"

• Wall Street's median 12-month price target for Intuit Inc is $850.00, about 17.7% above its last closing price of $699.15

This summary was machine generated from LSEG data August 21 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)