Intuit Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Intuit, Inc. (NASDAQ:INTU) will unveil its latest earnings on Tuesday, February 21, 2012. 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 net income of 36 cents per share, a rise of 38.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 35 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 36 cents during the last month. Analysts are projecting profit to rise by 18.4% versus last year to $2.57.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported net loss of 18 cents per share against a mean estimate of a loss of 20 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 15% in revenue from the year-earlier quarter to $1.01 billion.

Analyst Ratings: Analysts are high on the stock, with 12 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the first quarter, the company’s loss narrowed to a loss of $64 million (21 cents a share) from a loss of $70 million (22 cents) a year earlier, beating analyst expectations. Revenue rose 11.7% to $594 million from $532 million.

Key Stats:

Over the last four quarters, revenue has increased 7.9% on average year-over-year. The biggest increase came in the third quarter of the last fiscal year, when revenue rose 15% from the year earlier quarter.

Stock Price Performance: Between November 17, 2011 and February 15, 2012, the stock price rose $5.05 (9.8%), from $51.60 to $56.65. The stock price saw one of its best stretches over the last year between January 4, 2012 and January 12, 2012, when shares rose for seven straight days, increasing 6% (+$3.14) 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, dropping 6.1% (-$3.15) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com