Other Stocks With the Favorable Combination Zacks Rank: INTU carries a Zacks Rank #2. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here.Įarnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate ($1.01 per share) and the Zacks Consensus Estimate (99 cents per share), is +1.92%. Our proven model predicts an earnings beat for Intuit this time. The Consumer tax segment’s performance is likely to have more than offset the benefits of the strong revenue growth expected in the aforementioned businesses.Īlso, the transition of Desktop Ecosystem offerings to a subscription model is anticipated to have hurt sales growth.
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The Zacks Consensus Estimate for the Consumer tax business’ revenues is pegged at $145 million, lower than the year-ago quarter figure of $852 million. However, an earlier IRS tax filing deadline for 2022 is anticipated to have led to significantly lower revenues from the company’s Consumer tax business during the quarter under review. The business unit contributed $468 million to INTU’s third-quarter fiscal 2022 total revenues.Īdditionally, the solid momentum of the company’s leading product, QuickBooks Capital, and improving customer retention rates might have acted as tailwinds in the fiscal fourth quarter. The Zacks Consensus Estimate for Credit Karma’s revenues stands at $475 million, indicating year-over-year growth of 17.3%. Revenues from the Credit Karma business (acquired in December 2020) are likely to have boosted overall sales during the fourth quarter. The consensus mark for Quickbooks Online’s revenues stands at $631 million, suggesting a 35% improvement year over year. The Zacks Consensus Estimate for total Online Ecosystem’s revenues is pegged at $1.2 billion for the quarter under review, indicating a 55.5% increase from the prior year's reported figure.
Intuit’s fourth-quarter revenues are likely to have witnessed solid growth in the Online Ecosystem, driven by an expanding subscriber base for Quickbooks Online and ARPC. The Zacks Consensus Estimate for Small Business’ revenues in the quarter stands at $1.67 billion. The gradual recovery in the Small Business and Self-Employed might have contributed to the top line during the quarter under review. Quote Factors to Note Ahead of Q4 Results
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