Intuit (Nasdaq: INTU) reported earnings on May 21. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 30 (Q3), Intuit met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew.

Gross margins grew, operating margins increased, net margins were steady.

Revenue details
Intuit tallied revenue of $2.18 billion. The 15 analysts polled by S&P Capital IQ expected sales of $2.18 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $1.95 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $2.97. The 19 earnings estimates compiled by S&P Capital IQ averaged $2.93 per share. Non-GAAP EPS of $2.97 for Q3 were 18% higher than the prior-year quarter's $2.51 per share. GAAP EPS of $2.71 for Q3 were 12% higher than the prior-year quarter's $2.42 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 91.6%, 180 basis points better than the prior-year quarter. Operating margin was 59.4%, 250 basis points better than the prior-year quarter. Net margin was 37.7%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $727.3 million. On the bottom line, the average EPS estimate is $0.11.

Next year's average estimate for revenue is $4.51 billion. The average EPS estimate is $3.32.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 595 members out of 629 rating the stock outperform, and 34 members rating it underperform. Among 197 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 192 give Intuit a green thumbs-up, and five 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 $63.80.

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