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The Zacks Computer and Technology sector has tumbled in 2022 amid a hawkish pivot from the Federal Reserve, down more than 30% and widely lagging behind the S&P 500.
A widely-recognized name in the realm, Intuit INTU, is on deck to unveil Q1 earnings on November 29th, after the market close.
Intuit is a business and financial software company that develops and sells financial, accounting, and tax preparation software and related services for small businesses, consumers, and accounting professionals globally.
Currently, the company carries a Zacks Rank #4 (Sell) paired with an overall VGM Score of a C.
How does everything else stack up heading into the release? Let’s take a deeper dive and find out.
Share Performance & Valuation
INTU shares have sailed through rough waters in 2022, down nearly 40% and underperforming the S&P 500 by a wide margin.
Image Source: Zacks Investment Research
Over the last month, INTU shares have continued to lag behind the general market, losing 6.6% in value vs. the S&P 500’s roughly 4% gain.
Image Source: Zacks Investment Research
The company’s forward earnings multiple currently sits at 41.3X, above its 46.9X five-year median and reflecting an 86% premium relative to its Zacks Computer and Technology sector average.
The company sports a Style Score of a D for Value.
Image Source: Zacks Investment Research
Quarterly Estimates
A singular analyst has upped their earnings outlook over the last several months, with the Zacks Consensus EPS Estimate of $1.17 indicating a 23.5% Y/Y decrease in quarterly earnings.
Image Source: Zacks Investment Research
The company’s top-line is in better health; the Zacks Consensus Sales Estimate of $2.5 billion suggests an improvement of more than 20% from year-ago quarterly sales of $2 billion.
Quarterly Performance
INTU has consistently exceeded quarterly estimates, penciling in nine EPS beats across its last ten releases. In its latest print, the company registered a 12.2% bottom-line beat.
Top-line results have been even more robust; INTU has exceeded the Zacks Consensus Sales Estimate in 22 consecutive quarters. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
Putting Everything Together
INTU shares have sailed through rough waters in 2022, underperforming the general market across several timeframes.
Shares currently trade at a 41.3X forward earnings multiple, undoubtedly on the higher end of the spectrum and above its five-year median value.
One analyst has upped their earnings outlook for the quarter, with estimates suggesting a Y/Y decrease in earnings but an uptick in revenue.
The company has been the definition of consistency within its quarterly results, exceeding estimates regularly.
Heading into the release, Intuit INTU carries a Zacks Rank #4 (Sell) paired with an Earnings ESP Score of 3.2%.
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Intuit Inc. (INTU): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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