Intuit Sees FY24 Adj. EPS $16.79-$16.84 vs $16.41 Est., Revenue $16.164B-$16.200B vs $16.05B Est.; Sees Q4 Adj. EPS $1.80-$1.85 vs $1.93 Est., Revenue $3.063B-$3.099B vs $3.04B Est.
Portfolio Pulse from Benzinga Newsdesk
Intuit has provided its financial outlook for FY24, projecting adjusted EPS of $16.79-$16.84, surpassing the estimated $16.41. Revenue is expected to be between $16.164B and $16.200B, also exceeding the estimated $16.05B. However, for Q4, the company anticipates adjusted EPS of $1.80-$1.85, which is below the estimated $1.93, while revenue is expected to be $3.063B-$3.099B, slightly above the estimated $3.04B.
May 23, 2024 | 8:03 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Intuit's FY24 financial outlook shows stronger-than-expected adjusted EPS and revenue, but Q4 adjusted EPS is projected to be below estimates.
Intuit's FY24 projections for adjusted EPS and revenue exceed market expectations, which is positive for the stock. However, the lower-than-expected Q4 adjusted EPS may cause some short-term volatility. Overall, the strong FY24 outlook is likely to have a positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100