Intuit Shares Plunge 3.7%, Widening 31.2% Monthly Decline Ahead of Q1 Earnings
Intuit shares fell 3.68% today, lagging the S&P 500’s 0.33% loss and extending a 31.15% monthly decline versus a 1.09% sector downturn. The company is forecast to report fiscal Q1 EPS of $3.65 on $4.53 billion revenue and full-year EPS of $23.13 on $21.13 billion sales.
1. Stock Performance
Intuit shares closed down 3.68% in the latest session, underperforming the S&P 500’s 0.33% drop and the Nasdaq’s 0.59% decline. The stock has now lost 31.15% over the past month, significantly outpacing the Computer and Technology sector’s 1.09% slide.
2. Earnings Outlook
Intuit is set to report fiscal first-quarter results on February 26, with analysts projecting EPS of $3.65, a 9.94% increase year-over-year, and revenue of $4.53 billion, up 14.22% from the prior-year quarter. Consensus estimates for the full fiscal year call for EPS of $23.13 (up 14.79%) and revenue of $21.13 billion (up 12.21%).
3. Valuation and Rankings
The company trades at a forward P/E of 18.91 versus the industry average of 18.8 and holds a PEG ratio of 1.33 against an industry average of 1.51. Intuit carries a proprietary rank of #4 (Sell) and sits in the bottom 38% of industry groups by average rank, reflecting cautious analyst sentiment.