Intuit Forecasts 14.5% Q4 Revenue Growth; Shares Drop 36%
Intuit beat analysts’ revenue expectations last quarter with $3.89 billion in sales, an 18.3% year-on-year increase, but issued EPS guidance below forecasts. For Q4, revenue is expected to grow 14.5%—down from 17% a year earlier—while shares have slid 36.1%, outpacing a 20.2% drop among finance and HR software peers.
1. Last Quarter Performance
Intuit reported $3.89 billion in revenue for its most recent quarter, marking an 18.3% increase year-on-year and surpassing analysts’ forecasts, but its EPS guidance for the upcoming period fell short of expectations. The mixed results reflect strong top-line momentum paired with cautious profitability outlook.
2. Q4 Revenue Forecast
Analysts anticipate Intuit’s Q4 revenue to rise 14.5% year-on-year, a deceleration from the 17% growth achieved in the same quarter last year. This projected slowdown underscores moderating demand trends in the company’s core financial and HR software segments.
3. Share Performance and Peer Comparison
Intuit’s stock has tumbled 36.1% over the past month, significantly underperforming a 20.2% average decline among finance and HR software peers. Peer previews show BlackLine achieving 8.1% revenue growth and Marqeta posting a 26.7% increase, highlighting varied resilience across the sector.