Intuit reports mixed bag on Q4 earnings; divestitures on deck

Intuit reports mixed bag on Q4 earnings; divestitures on deck

The crowd is marginally less bearish and projects a net loss of ($0.10) per share on sales of $740.75 million.



The company shares have rallied 25.03% in the past 52 Weeks. (NASDAQ:INTU) traded 0.16 points or 0.15% higher at $105.72.The total intraday money flow for the shares came in at a disappointing $(-4.69) million. Thomson Reuters is anticipating earnings of $3.72 per share on revenue of $4.68 billion for the full year.

Intuit, Inc. with TICKER NASDAQ:INTU had its stock rating noted as “Initiated” with the recommendation being set at “EQUAL-WEIGHT” this morning by analysts at Morgan Stanley. The company has a market cap of $29.30B and a P/E ratio of 87.11. Analysts now expect earnings of $0.06 per share on revenues of $776.36 million. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $107.00 target price (up from $97.00) on shares of Intuit in a research report on Saturday, May 23rd. EPS for the same period registers at $1.12. (NASDAQ:INTU) which led to swings in the share price. The firm presently has a $120.00 price objective on the stock, up from their previous price objective of $100.00. The company expects revenues in the range of $4.525-$4.600 billion in fiscal 2016.

Intuit said its loss excluding items for the fiscal fourth quarter ended July 31 was five cents a share, while revenue rose 7% to $696 million.

Intuit, Inc. (Intuit) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions. The Company’s services and products, including Quicken, TurboTax and QuickBooks help customers solve significant business and financial management issues, like filing income taxes, paying bills, running a little business, or managing personal finances. Lacerte and ProSeries are Intuit’s tax preparation offerings for professional accountants. The Company organizes its portfolio of companies into four principal types: Small Business Group, Tax, Financial Services and Other Businesses.

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