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Intuit Inc (NASDAQ:INTU, ETR:ITU) posted better than expected results for the fiscal fourth quarter and full year, sending its shares higher afterhours. For Q4, the firm behind TurboTax and Quickbooks reported a 17% increase in revenue to $3.18 billion, ahead of estimates of $3.08 billion and above Intuit's guidance range of $3.063 billion to $3.099 billion.
Intuit forecast fiscal 2025 revenue above Wall Street estimates on Thursday, banking on growing demand for its AI-driven financial management tools amid recent price increases.
Financial software firm Intuit beat estimates for its fiscal Q4 and guided higher than views for the current fiscal year.
Intuit's (INTU) fourth-quarter fiscal 2024 results are expected to reflect strength in Online Ecosystem revenues, driven by the partnership with Los Angeles Urban League.
Intuit is a large business with a market capitalization of nearly $183 billion, generating strong cash flows and achieving rapid growth. Despite impressive financial results and growth, shares of Intuit are considered expensive compared to similar firms and historical prices. Management expects a strong year-over-year expansion in financial results for the final quarter of the 2024 fiscal year, but shares are still considered pricey.
Besides Wall Street's top -and-bottom-line estimates for Intuit (INTU), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended July 2024.
Intuit (INTU) closed at $636.74 in the latest trading session, marking a -1.41% move from the prior day.
Intuit Inc INTU stock is trading lower Wednesday after Morgan Stanley analyst Keith Weiss downgraded the stock from Overweight to Equal-Weight and lowered its price target from $750 to $685.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Intuit (INTU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.