Why Intuit (INTU) Could Beat Earnings Estimates Again

Core Viewpoint - Intuit (INTU) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Company Performance - Intuit, known for TurboTax and QuickBooks, has a solid track record of surpassing earnings estimates, with an average surprise of 17.31% over the last two quarters [2]. - In the most recent quarter, Intuit reported earnings of $3.32 per share, exceeding the expected$2.58 per share by 28.68%. In the previous quarter, it reported $2.50 per share against an estimate of$2.36 per share, resulting in a surprise of 5.93% [3]. Earnings Estimates - Recent estimates for Intuit have been revised upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of another earnings beat [6]. - The Zacks Earnings ESP for Intuit is currently +0.43%, suggesting analysts are optimistic about the company's earnings prospects [9]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise, indicating a high probability of beating consensus estimates [7]. - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [8].