Intuit Inc. First Quarter Earnings Cheat Sheet Sneak Peek

S&P 500 (NYSE:SPY) component Intuit, Inc. (NASDAQ:INTU) will unveil its latest earnings on Thursday, November 17, 2011. Intuit provides business and financial management solutions for businesses, consumers, accounting professionals and financial institutions.

Intuit, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 20 cents per share, a wider loss from the year earlier quarter net loss of 19 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 $2.57 per share, a rise of 18.4% from last year.

Past Earnings Performance: Last quarter, the company fell short of estimates by 4 cents, coming in at net loss of 11 cents per share against a mean estimate of a loss of 10 cents. The company topped expectations in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: On average, analysts predict $580.7 million in revenue this quarter, a rise of 9.1% from the year ago quarter. Analysts are forecasting total revenue of $4.23 billion for the year, a rise of 9.9% from last year’s revenue of $3.85 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss widened to a loss of a $57 million (16 cents a share) from a loss of $48 million (14 cents) a year earlier, missing analyst expectations. Revenue rose 10.4% to $593 million from $537 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 15% in the third quarter of the last fiscal year from the year earlier, climbed 4.9% in the second quarter of the last fiscal year from the year-ago quarter and 7.9% in the first quarter of the last fiscal year.

Intuit’s loss in the latest quarter followed profits in the previous two quarters. The company reported a profit of $688 million in the third quarter of the last fiscal year and profit of $73 million in the second quarter of the last fiscal year.

Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), H&R Block, Inc. (NYSE:HRB), Fiserv, Inc. (NASDAQ:FISV), NetSuite Inc. (NYSE:N), salesforce.com, inc. (NYSE:CRM), Nuance Communications Inc. (NASDAQ:NUAN), Fidelity National Information Services (NYSE:FIS), Paychex, Inc. (NASDAQ:PAYX), Automatic Data Processing (NASDAQ:ADP), and Oracle Corporation (NASDAQ:ORCL).

Stock Price Performance: During August 18, 2011 to November 11, 2011, the stock price had risen $13.85 (34.5%) from $40.17 to $54.02. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight-straight days, rising 4.8% (+$2.25) over that span. It saw one of its worst periods between July 5, 2011 and July 14, 2011 when shares fell for eight-straight days, falling 6.1% (-$3.16) over that span. Shares are up $4.88 (+9.9%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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