Uploaded by FinancialNewsOnline on Nov 17, 2011
Intuit (NASDAQ:INTU) is expected to report Q1 earnings after the market close on Thursday, November 17, with a conference call scheduled for 4:30 pm ET.
The consensus estimate is $0.12 for EPS and for EPS and $580.66 million for revenue, according to First Call. Intuit is expected to report another loss in Q1, which is always its weakest quarter.
Due to its tax and financial software focus, Intuit always posts its strongest results in fiscal Q2 and Q3. Management previously provided Q1 revenue guidance of $575M-$585 million, representing a year-over-year increase of 8%-10%. Non-GAAP Q1 operating loss is projected to come in between $40 million-$50 million, and $0.11-$0.13 per share. Commentary about the upcoming tax season following the company's Q1 results is considered to be more important than the topline number for Q1.
A significant ramp in hiring by Intuit during the past few months suggests earnings is more likely to be at the low-end of guidance, although EPS this quarter is less meaningful than at other times of the year, Citigroup notes. The firm is expecting Intuit's Q2 guidance to be in-line with the consensus estimate of EPS of 43c on $1.0 billion in revenue, although the firm's bias is to the upside.
The consensus estimate is $0.12 for EPS and for EPS and $580.66 million for revenue, according to First Call. Intuit is expected to report another loss in Q1, which is always its weakest quarter.
Due to its tax and financial software focus, Intuit always posts its strongest results in fiscal Q2 and Q3. Management previously provided Q1 revenue guidance of $575M-$585 million, representing a year-over-year increase of 8%-10%. Non-GAAP Q1 operating loss is projected to come in between $40 million-$50 million, and $0.11-$0.13 per share. Commentary about the upcoming tax season following the company's Q1 results is considered to be more important than the topline number for Q1.
A significant ramp in hiring by Intuit during the past few months suggests earnings is more likely to be at the low-end of guidance, although EPS this quarter is less meaningful than at other times of the year, Citigroup notes. The firm is expecting Intuit's Q2 guidance to be in-line with the consensus estimate of EPS of 43c on $1.0 billion in revenue, although the firm's bias is to the upside.
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