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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Intuit Inc.    INTU

INTUIT INC.

(INTU)
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Intuit : Swings to 4Q Profit on Double-Digit Sales Growth

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08/25/2020 | 05:45pm EDT

By Kimberly Chin

 

Intuit Inc. swung to a profit in the fiscal fourth quarter as sales rose 83% due to strength across all of its segments as consumers, small businesses and the self-employed flocked to its products following a delayed tax season due to the Covid-19 pandemic.

"After seeing an impact on small businesses from shelter-in-place during the third quarter, we saw trends across our business improve during the fourth quarter," Intuit Chief Executive Sasan Goodarzi said.

The company said it saw a pick-up in its do-it-yourself category and had the "strongest customer growth in four years."

The maker of financial management tools TurboTax, QuickBooks and Mint posted a net profit of $445 million, or $1.68 a share, for the three-month period ended July 31, compared with a loss of $44 million, or 17 cents a share, in the year-earlier quarter. On an adjusted basis, Intuit had earnings of $1.81 a share. Analysts polled by FactSet expected an adjusted earnings of $1.11 a share.

Total net revenue rose to $1.82 billion from $994 million a year ago. Analysts were looking for $1.56 billion in revenue.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 


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Financials (USD)
Sales 2021 8 244 M - -
Net income 2021 1 944 M - -
Net cash 2021 5 050 M - -
P/E ratio 2021 44,8x
Yield 2021 0,72%
Capitalization 85 896 M 85 896 M -
EV / Sales 2021 9,81x
EV / Sales 2022 8,63x
Nbr of Employees 10 600
Free-Float 96,6%
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Technical analysis trends INTUIT INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 360,63 $
Last Close Price 330,05 $
Spread / Highest target 22,7%
Spread / Average Target 9,27%
Spread / Lowest Target -21,8%
EPS Revisions
Managers
NameTitle
Sasan K. Goodarzi President, Chief Executive Officer & Director
Brad D. Smith Executive Chairman
Michelle M. Clatterbuck Chief Financial Officer & Executive Vice President
Atticus Tysen Chief Information Officer & Senior Vice President
Marianna Tessel Chief Technology Officer & Executive VP
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