Thu Sep 26 13:20:57 UTC 2024: ## Intuit Updates FY25 Earnings Guidance, Analysts Remain Optimistic
**Intuit (INTU)**, the software company known for its TurboTax and QuickBooks products, has revised its earnings guidance for fiscal year 2025. The company expects earnings per share to fall between $19.16 and $19.36, slightly below analyst estimates of $19.34. Revenue is anticipated to reach between $18.160 billion and $18.347 billion, compared to the projected $18.27 billion.
Despite the slightly lowered guidance, analysts remain largely optimistic about Intuit’s performance. BMO Capital Markets raised its price target to $760, while Royal Bank of Canada initiated coverage with an “outperform” rating and a $760 price target. However, Morgan Stanley downgraded Intuit from “overweight” to “equal weight” and lowered its target price from $750 to $685.
Intuit’s recent quarterly earnings report, released on August 22nd, showed strong results. The company exceeded analyst expectations with $1.99 EPS, surpassing the consensus estimate by $0.14. Revenue also surpassed estimates, reaching $3.18 billion.
The company is currently experiencing a 17.4% year-over-year increase in revenue. Notably, Intuit recently announced a quarterly dividend increase, boosting its annualized payout to $4.16 per share.
Despite insider selling activity, analysts remain generally bullish on Intuit’s future. MarketBeat’s consensus price target for INTU stock stands at $720.37, reflecting an overall “Moderate Buy” rating.
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