INTU -72 to 309, agreed, this selloff looks overdone. Last summer the stock was over $800 and Jul FY26 estimates are higher now than back then yet the stock is down over 60% ....
I joined you with a few shares.
briefing -
Intuit beats by $0.23, reports revs in-line; guides Q4 EPS above consensus, revs above consensus (383.93 -15.78) :
Reports Q3 (Apr) earnings of $12.80 per share, excluding non-recurring items, $0.23 better than the FactSet Consensus of $12.57; revenues rose 10.4% year/year to $8.56 bln vs the $8.54 bln FactSet Consensus.
Grew Consumer revenue to $5.3 billion, up 8 percent. Increased TurboTax revenue to $4.4 billion, up 7 percent, and Credit Karma revenue to $631 million, up 15 percent. ProTax revenue was $278 million, flat to fiscal 2025.
Increased Global Business Solutions revenue to $3.3 billion, up 15 percent; grew Online Ecosystem revenue to $2.5 billion, up 19 percent. Excluding Mailchimp, Global Business Solutions revenue grew 17 percent, and Online Ecosystem revenue grew 22 percent.
Co issues upside guidance for Q4, sees EPS of $3.56-3.62, excluding non-recurring items, vs. $3.14 FactSet Consensus; sees Q4 revenue growth of +11-12% yr/yr, which computes as 4.25-4.29 vs. $4.14 bln FactSet Consensus.
"We delivered strong third-quarter results, driven by our AI-driven expert platform strategy. We have ignited significant growth engines across the company including disrupting the assisted tax segment, expanding our money portfolio and serving mid-market businesses that are growing north of 30 percent," said Sasan Goodarzi, chairman and chief executive officer of Intuit. "The powerful combination of Intuit's proprietary data, domain-specific AI platform capabilities, and AI-powered human expertise is setting the standard for trusted financial intelligence. As we look ahead, we are further scaling our growth engines and architecting an organization that operates with greater velocity to deliver durable long-term growth."
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