Intuit Earnings Preview: Get Ahead of the Analysts

Intuit (NASDAQ:INTU) will report earnings after markets close on Tuesday, May 21st. Intuit Inc. develops and markets business and financial management software solutions for small and medium sized businesses, financial institutions, consumers, and accounting professionals The Company provides software for small business management and payroll processing, personal finance, and tax preparation and filing.

Here is your Cheat Sheet to Intuit Earnings:

Earnings Expectations: Analysts expect earnings of $2.93 per share on revenues of $2.18 billion. Currently, the company’s P/E ratio stands at 22.60.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.13 to a profit $0.11. For the current year, the average estimate is a profit of $3.33, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Intuit has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 3,071 3,109 3,455 3,772 4,151
Diluted EPS ($) 1.41 1.35 1.77 2.00 2.60

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jan. 31, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 999.00 1,945 593.00 647.00 968.00
Diluted EPS ($) 0.39 2.42 0.0132 -0.06 0.23

Past Performance:
Intuit has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)