Intuit Sees Q1 EPS $2.33-$2.38 Vs $2.79 Est.; Revenue Growth Of ~5%-6%; FY25 EPS $19.16-$19.36 Vs $19.15 Est.; Revenue $18.16B-$18.347B Vs $18.18B Est.
Portfolio Pulse from Benzinga Newsdesk
Intuit has provided guidance for Q1 and FY25, expecting Q1 EPS of $2.33-$2.38, below estimates, and revenue growth of 5-6%. FY25 EPS is projected at $19.16-$19.36, slightly above estimates, with revenue of $18.16B-$18.347B. The company anticipates growth across various segments, with restructuring charges impacting GAAP results.
August 22, 2024 | 8:05 pm
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Intuit's Q1 EPS guidance of $2.33-$2.38 is below estimates, potentially impacting short-term stock performance negatively. However, FY25 EPS guidance is slightly above estimates, indicating positive long-term growth prospects. Revenue growth is expected across segments, with restructuring charges affecting GAAP results.
The Q1 EPS guidance is below analyst expectations, which could lead to a negative short-term reaction in the stock price. However, the FY25 EPS guidance is slightly above estimates, suggesting positive long-term growth. The restructuring charges and changes in revenue recognition may also weigh on short-term performance.
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