Intuit Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Intuit, Inc. (NASDAQ:INTU) will unveil its latest earnings on Thursday, May 17, 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 profit of $2.39 per share, a rise of 7.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $2.41. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 19.4% compared to last year’s $2.59.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of 41 cents per share against the mean estimate of 36 cents. In the prior quarter, the company reported net loss of 18 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.9% in revenue from the year-earlier quarter to $1.96 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 second quarter, profit rose 61.6% to $118 million (39 cents a share) from $73 million (23 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 16.1% to $1.02 billion from $878 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 13.3%, with the biggest boost coming in the most recent quarter when revenue rose 16.1% from the year earlier quarter.

Intuit’s profit last quarter broke a two-quarter loss streak. The company reported a loss of $64 million in the first quarter and a loss of $57 million in the fourth quarter of the last fiscal year.

Stock Price Performance: Between April 13, 2012 and May 11, 2012, the stock price dropped $4.51 (-7.5%), from $60.34 to $55.83. 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 5.1% (+$2.91) 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% (-$3.14) over that span.

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

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