Why Intuit Shares Are Moving Lower On Friday
Portfolio Pulse from Dylan Berman
Intuit Inc. shares fell after reporting Q4 earnings and issuing lower-than-expected Q1 2025 EPS guidance. Despite beating Q4 EPS and sales estimates, the guidance for Q1 2025 EPS was below expectations, causing the stock to drop. Analysts adjusted their price targets, mostly raising them, but the stock still fell 7.90%.
August 23, 2024 | 4:46 pm
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Intuit's stock fell 7.90% after Q4 earnings beat expectations but Q1 2025 EPS guidance was below estimates. Analysts adjusted price targets, mostly upwards.
Intuit's Q4 earnings exceeded expectations, but the guidance for Q1 2025 EPS was below estimates, leading to a significant drop in stock price. Despite positive analyst adjustments to price targets, the immediate market reaction was negative, reflecting concerns over the short-term outlook.
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