S&P 500 (NYSE:SPY) component Intuit (NASDAQ:INTU) will unveil its latest earnings on Tuesday, August 21, 2012. Intuit provides business and financial management solutions for businesses, consumers, accounting professionals and financial institutions.
Intuit Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 4 cents per share, a narrower loss from the year-earlier quarter net loss of 11 cents. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $2.62 per share, a rise of 20.7% from last year.
Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of $2.43 per share versus a mean estimate of profit of $2.39 per share.
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Wall St. Revenue Expectations: Analysts are projecting a rise of 10.2% in revenue from the year-earlier quarter to $653.7 million.
Stock Price Performance: Between May 21, 2012 and August 15, 2012, the stock price rose $3.95 (7.1%), from $55.25 to $59.20. The stock price saw one of its best stretches over the last year between March 23, 2012 and April 2, 2012, when shares rose for seven straight days, increasing 5% (+$2.91) over that span. It saw one of its worst periods between August 7, 2012 and August 14, 2012 when shares fell for six straight days, dropping 2.9% (-$1.75) over that span.
A Look Back: In the third quarter, profit rose 6.7% to $734 million ($2.42 a share) from $688 million ($2.20 a share) the year earlier, exceeding analyst expectations. Revenue rose 5.2% to $1.95 billion from $1.85 billion.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 10.4% in the fourth quarter of the last fiscal year, 11.7% in the first quarter and 16.1% in the second quarter before increasing again in the third quarter.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.47 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.
Analyst Ratings: With 11 analysts rating the stock a buy, none rating it a sell and six rating the stock a hold, there are indications of a bullish stance by analysts.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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