Intuit Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Intuit (NASDAQ:INTU) reported Q3 earnings of $2.09 billion, a 1142.26% increase from Q2, and sales of $6.02 billion, a 97.9% increase since Q2. The company posted a return on capital employed (ROCE) of 0.12%, indicating effective capital allocation. Intuit's Q3 earnings per share of $8.92 beat analyst predictions of $8.48.
May 25, 2023 | 3:02 pm
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POSITIVE IMPACT
Intuit's Q3 earnings and sales increased significantly, with a ROCE of 0.12% indicating effective capital allocation. The company's EPS of $8.92 beat analyst predictions.
Intuit's significant increase in Q3 earnings and sales, along with a positive ROCE, indicates effective capital allocation and potential for future growth. The company's EPS beat analyst predictions, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100