Intuit (Nasdaq: INTU ) is expected to report Q2 earnings on Feb. 21. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Intuit's revenues will compress -5.5% and EPS will compress -35.3%.
The average estimate for revenue is $963.2 million. On the bottom line, the average EPS estimate is $0.33.
Last quarter, Intuit recorded revenue of $647.0 million. GAAP reported sales were 13% higher than the prior-year quarter's $575.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.03. GAAP EPS were -$0.06 for Q1 versus -$0.21 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 72.6%, 110 basis points better than the prior-year quarter. Operating margin was -10.7%, 390 basis points better than the prior-year quarter. Net margin was -2.9%, 820 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $4.60 billion. The average EPS estimate is $3.34.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 588 members out of 623 rating the stock outperform, and 35 members rating it underperform. Among 208 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 199 give Intuit a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intuit is outperform, with an average price target of $63.19.
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