TurboTax’s Intuit Is the Worst S&P 500’s Worst Performer Friday. Analysts Still Like the Stock. ...

Key Takeaways Intuit shares tumbled Friday as the provider of financial and other software warned it expects to lose 1 million customers who use TurboTax for free this fiscal year. The company also anticipates a drop in total TurboTax units, and the TurboTax share of total Internal Revenue Service (IRS) returns. The news came as the IRS launched a pilot program to allow taxpayers to file directly to the IRS online. Shares of Intuit (INTU) dropped close to 8% in intraday trading Friday as the provider of fin ...

Intuit (INTU) reported fiscal third-quarter 2024 non-GAAP earnings of $9.88 per share, which beat the Zacks Consensus Estimate by 5.78%. The bottom line jumped 11% from the year-ago quarter. Revenues of $6.73 billion beat the consensus mark by 1.54% and increased 12% year over year. Quarter Details Small Business and Self-Employed Group revenues (35.4% of total revenues) grew 18% year over year to $2.38 billion. Within the segment, total Online Ecosystem revenues climbed 19% year over year to $1.8 billion. ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Intuit (INTU) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Intuit currently has an average brokerage recommendation (ABR) ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

财务数据和关键指标变化 - 第三季度收入增长12%,小企业和自雇群体收入增长18%,消费者群体收入增长9%,Credit Karma收入增长8% [6][7] - GAAP营业利润增长12%,非GAAP营业利润增长11%,GAAP每股收益增长14%,非GAAP每股收益增长11% [13] 各条业务线数据和关键指标变化 - 消费者群体:TurboTax Live收入预计增长17%,占消费者群体收入30%,总在线付费单位预计增长约2% [14][15] - 小企业和自雇群体:在线生态系统收入增长19%,支付业务交易量增长22%,薪资业务收入增长 [16][17][18] - 桌面生态系统:收入增长14%,企业版收入增长高单位数 [17][19] - Credit Karma:收入增长8%,其中信用卡和汽车保险各贡献2个百分点,个人贷款贡献1个百分点 [20] 各个市场数据和关键指标变化 - 国际在线生态系统收入按固定汇率计算增长12% [18] 公司战略和发展方向及行业竞争 - 公司专注于五大重点领域的投资加速,包括GenAI、TurboTax Live和QuickBooks Live、消费者金融解决方案、中型企业市场、国际扩张 [11] - 公司将TurboTax和Credit Karma业务进一步整合,以提升消费者全年的无缝体验 [10] - 公司看好人工智能时代的机遇,将Intuit Assist等GenAI技术应用于各业务线,提升客户体验和公司运营效率 [6][9] 管理层对经营环境和未来前景的评论 - 小企业整体盈利能力有所改善,但现金储备仍有所下降 [64][65] - 公司对未来发展前景充满信心,将加大投资力度以加速增长 [11][23] 其他重要信息 - 公司将完成桌面业务向订阅模式的转型 [19] - 公司提高了全年业绩指引,包括收入、营业利润和每股收益的增长幅度 [22] 问答环节重要的提问和回答 问题1 **Keith Weiss 提问** 为什么公司要放弃低端客户,只专注于高ARPU客户? [28][29] **Sasan Goodarzi 回答** 公司将重点瞄准助税市场,放弃那些频繁在不同平台之间切换的简单申报客户。这样可以提高客户质量和获客效率,加快在助税市场的渗透。 [29][30] 问题2 **Daniel Jester 提问** 公司未来如何进一步整合TurboTax和Credit Karma业务? [33][34] **Sasan Goodarzi 回答** 公司今年在将TurboTax嵌入Credit Karma平台方面取得了一定成果,但仍存在一些技术问题需要解决,如登录体验和应用性能。未来将进一步优化这些环节,提升客户转化率。 [35][36] 问题3 **Siti Panigrahi 提问** 公司在金融服务平台方面的战略和进展如何? [39][40] **Sasan Goodarzi 和 Sandeep Aujla 回答** 公司正在加大对金融服务平台的投资,包括数字化发票到付款全流程,以及与TurboTax和Credit Karma的深度整合,提升消费者的全年金融健康管理体验。同时也进行了一些小规模的技术收购,为这一战略提供支撑。 [40][41][42]

Small businesses are the heart and soul of America’s Main Street. But it can be hard to get a pulse check on how they are doing, given today’s dynamic operating environment as well as the sheer variety and volume of small businesses out there — taken together, they make up 40% of the U.S. economy and represent 99.9% of all American businesses. Still, Intuit, which offers tax preparation software and other tools for small businesses to manage finances, including TurboTax, QuickBooks, Credit Karma and Mailchi ...

Intuit (INTU) reported $6.74 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 12%. EPS of $9.88 for the same period compares to $8.92 a year ago. The reported revenue represents a surprise of +1.54% over the Zacks Consensus Estimate of $6.63 billion. With the consensus EPS estimate being $9.34, the EPS surprise was +5.78%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Intuit (INTU) came out with quarterly earnings of $9.88 per share, beating the Zacks Consensus Estimate of $9.34 per share. This compares to earnings of $8.92 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 5.78%. A quarter ago, it was expected that this maker of TurboTax, QuickBooks and other accounting software would post earnings of $2.29 per share when it actually produced earnings of $2.63, delivering a surprise of 14.8 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended April 30, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________ to ____________ . Commission File Number 0-21180 INTUIT INC. (Exact name of registrant as specifi ...