News & Analysis
News & Analysis

Intuit results exceed expectations

30 November 2022 By Klavs Valters

Share

Intuit Inc. (NASDAQ: INTU) reported its latest financial results for the first quarter of fiscal 2023, which ended October 31, after the market close in the US on Tuesday.

The US software company beat both revenue and earnings per share (EPS) estimates for the quarter.

Intuit reported revenue of $2.597 billion (up by 29% year-over-year) vs. $2.497 billion expected.

EPS reported at $1.66 per share (an increase of 8% year-over-year) vs. estimate of $1.194 per share.

”We had a strong first quarter as we innovated and delivered on our strategy to be the global AI-driven expert platform powering prosperity for consumers and small businesses,” Sasan Goodarzi, CEO of the company said in a statement.

”We continue to see proof that the benefits of our financial technology platform are more mission-critical than ever to our customers in an uncertain macro environment,” Goodarzi added.

 

The stock was down by 1.54% on Tuesday at $378.96 a share.

Stock performance

  • 1 month: -2.68%
  • 3 month: -11.31%
  • Year-to-date: -40.27%
  • 1 year: -41.10%

Intuit price targets

  • Keybanc: $450
  • Morgan Stanley: $520
  • Credit Suisse: $500
  • BMO Capital: $467
  • Barclays: $490
  • Wells Fargo: $525
  • Stifel: $475
  • Citigroup: $538
  • Deutsche Bank: $560

Intuit is the 118th largest company in the world with a market cap of $108.70 billion.

You can trade Intuit Inc. (NASDAQ: INTU) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.

Sources: Intuit Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap

The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.

#Indice #Indices #IndicesTrading #IndexTrading #Shares #Stockmarket #Stocks