Intuit Sees Q3 Adj. EPS $9.31-$9.38 vs $9.69 Est., Revenue Growth 10-11%
Portfolio Pulse from Benzinga Newsdesk
Intuit has projected its Q3 adjusted EPS to be between $9.31 and $9.38, which is below the estimated $9.69. The company also expects revenue growth to be between 10-11%.
February 22, 2024 | 9:03 pm
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Intuit's Q3 adjusted EPS projection falls short of the estimated $9.69, with expected revenue growth of 10-11%.
Intuit's lower than expected EPS forecast for Q3 could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively. The revenue growth projection, while positive, may not be sufficient to offset the disappointment from the EPS miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100