Intuit Backs Outlook for 1Q, FY Ahead of Investor Day

Dow Jones
Yesterday
 

Intuit reiterated its first-quarter and full-year guidance ahead of its investor day.

The company, known for its tax-preparation and accounting software, said Thursday it continues to expect revenue to increase 9% to 10% for fiscal 2027. The company also continues to forecast earnings per share of $20.12 to $20.36 and adjusted earnings per share of $22.88 to $23.12 for the year.

For the fiscal first quarter, Intuit continues to expect revenue of $4.29 billion to $4.31 billion, or up 11%; earnings per share of $1.71 to $1.75; and adjusted earnings per share of $2.44 to $2.48.

The reiterated outlook came before the start of the company's investor day on Thursday. The company said it plans to discuss its strategy, latest product innovations and growth plans for an evolving artificial-intelligence landscape.

Chief Executive Sasan Goodarzi said the company has significant runway ahead.

"Our strategy is fueling the company's biggest growth drivers. We're focused on scaling our big bets and accelerating new customer growth to build durable, long-term growth for years to come," Goodarzi said.

 
 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10