What to Expect from Intuit

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Intuit (NAS: INTU) is expected to report Q3 earnings on May 21. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Intuit's revenues will increase 12.1% and EPS will expand 16.7%.

The average estimate for revenue is $2.18 billion. On the bottom line, the average EPS estimate is $2.93.


Revenue details
Last quarter, Intuit reported revenue of $968.0 million. GAAP reported sales were 3.1% lower than the prior-year quarter's $999.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.33. GAAP EPS of $0.23 for Q2 were 41% lower than the prior-year quarter's $0.39 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 79.1%, 70 basis points worse than the prior-year quarter. Operating margin was 9.6%, 990 basis points worse than the prior-year quarter. Net margin was 7.3%, 450 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.51 billion. The average EPS estimate is $3.32.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 595 members out of 629 rating the stock outperform, and 34 members rating it underperform. Among 196 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 191 give Intuit a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intuit is outperform, with an average price target of $63.81.

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The article What to Expect from Intuit originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Intuit. The Motley Fool owns shares of Intuit. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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