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INTU

Intuit Inc. ($INTU) Announced its Fiscal 2025 Revenue ForecastIntuit Inc. (NASDAQ: NASDAQ:INTU ), the financial software powerhouse behind popular products like TurboTax, QuickBooks, and Credit Karma, is betting big on artificial intelligence (AI) to drive its future growth. The company recently announced its fiscal 2025 revenue forecast, projecting earnings slightly above Wall Street expectations, buoyed by increased demand for its AI-powered financial management tools. This optimistic outlook comes despite a rocky start to the year, highlighted by significant workforce restructuring and fluctuating investor confidence. AI-Powered Growth Amidst Market Challenges Intuit’s forecast of $18.16 billion to $18.35 billion in revenue for fiscal 2025 suggests confidence in its AI-driven offerings. These tools, which include personalized financial recommendations and task automation, have seen growing adoption among consumers and businesses alike. The company’s CEO, Sasan Goodarzi, highlighted this momentum, particularly in products like QuickBooks Online and QuickBooks Advanced, which have been central to their growth strategy. However, not all news has been rosy. Despite an initial surge in after-hours trading following the announcement, Intuit's stock took a sharp turn, closing down 0.78% on Thursday. Investors were spooked by a lower-than-expected first-quarter revenue growth forecast, which the company attributed to its transition of QuickBooks desktop products to a recurring subscription model. This change is expected to dampen first-quarter revenue by approximately $160 million. Strategic Restructuring and Workforce Changes Intuit’s push towards AI innovation has not come without costs. In July, the company announced a 10% reduction in its workforce, translating to roughly 1,800 employees. This move was part of a broader restructuring effort aimed at streamlining operations and refocusing resources on high-growth areas, particularly AI. Interestingly, even as it trimmed its workforce, Intuit has been on a hiring spree, adding nearly 1,000 new employees focused on AI. This dual approach underscores the company’s commitment to staying at the forefront of technological innovation while maintaining operational efficiency. Strong Financial Performance Despite Market Volatility Despite the recent market volatility, Intuit’s financial performance has remained strong. For the fourth quarter of 2024, the company reported revenue of $3.18 billion, beating analysts’ estimates. Excluding certain items, Intuit earned $1.99 per share, surpassing the expected $1.84 per share. For the full fiscal year, Intuit’s revenue grew by 13% to $16.3 billion, with the Small Business and Self-Employed Group leading the charge with a 19% increase in revenue. The company also announced a new $3 billion share repurchase authorization, signaling confidence in its long-term growth prospects. This buyback, coupled with the company’s strong cash flow, provides a solid foundation for future growth, even as it navigates the challenges posed by its ongoing transformation. Technical Outlook Intuit (NASDAQ: NASDAQ:INTU ) stock has experienced a decline of 0.80% in Friday's premarket trading. However, there is a glimmer of hope suggested by the Relative Strength Index (RSI) currently at 60, indicating a potential favorable trend reversal despite the aforementioned decrease in Friday's market trading. Looking Ahead: Navigating a Complex Future As Intuit (NASDAQ: NASDAQ:INTU ) continues to innovate and expand its AI-driven offerings, the company faces a complex future. The transition to a subscription-based model for QuickBooks and the broader adoption of AI tools will be critical to sustaining its growth. While short-term challenges, such as the anticipated dip in first-quarter revenue, may cause fluctuations in its stock price, Intuit’s long-term outlook remains promising. With its strong financial foundation, strategic focus on AI, and ongoing efforts to optimize its operations, Intuit is well-positioned to capitalize on the growing demand for digital financial management tools. Investors and market watchers will be closely monitoring how the company navigates the evolving landscape, balancing short-term pressures with its long-term vision. In conclusion, Intuit’s fiscal 2025 forecast reflects both the opportunities and challenges ahead. As the company doubles down on AI and adapts to market demands, it will need to maintain its focus on innovation and operational efficiency to achieve sustained growth and deliver value to its shareholders.
NASDAQ:INTU
by DEXWireNews
Intuit ($INTU) Reported Q3 Financial Reports Shares Down 7.87%Intuit, the maker of tax filing software TurboTax, reported a rise in third-quarter revenue and raised its annual forecasts due to demand for its AI-powered financial products during a robust tax season. The company's tax-preparation software, personal finance portal Credit Karma, and accounting software QuickBooks are in high demand from small businesses and individuals for managing their finances. Intuit ( NASDAQ:INTU ) also offers AI-powered Intuit Assist, which helps small businesses and customers make financial decisions with personalized recommendations. The company now expects annual revenue between $16.16 billion and $16.20 billion, compared with its prior range of $15.89 billion to $16.11 billion. The mid-point of its updated annual revenue outlook was above analysts' average estimate of $16.05 billion. Intuit ( NASDAQ:INTU ) forecasted revenue between $3.06 billion and $3.10 billion for the fourth quarter, compared with estimates of $3.04 billion. In the third quarter, revenue at its consumer group grew 9% to $3.7 billion, while revenue at its small business and self-employed group rose 18% to $2.4 billion.
NASDAQ:INTU
by DEXWireNews
INTU Intuit Options Ahead of EarningsIf you haven't bought INTU ahead of the previous earnings: Then analyzing the options chain and the chart patterns of INTU Intuit prior to the earnings report this week, I would consider purchasing the 560usd strike price Puts with an expiration date of 2023-12-1, for a premium of approximately $11.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:INTUShort
by TopgOptions
WDAY - Rising Trend Channel [MID-TERM]🔹Rising trend channel in the medium long term. 🔹The short-term trading range has experienced a POSITIVE trend as it has broken a short-term resistance level. 🔹In case of a NEGATIVE reaction, the stock has support at approximately 207. 🔹Technically POSITIVE for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:WDAYLong
by wavepoint99
INTU - Rising Trend Channel [MID-TERM]🔹Rising trend channel in the medium long term. 🔹In case of a NEGATIVE reaction, the stock has support at approximately 490. 🔹Short-term trading range has been positively signaled by breaking a resistance level. 🔹The RSI is showing a Bearish Divergence against the price, indicating a potential downward reaction. 🔹Technically positive for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:INTULong
by wavepoint99
Intuit: Trust Your Gut 😊After it had started the ongoing descent so confidently at first, Intuit has been struggling in a sidewards movement. Now, the share should trust its gut and decide or rather intuit – pardon the pun! – to continue its journey to the south. We expect the course to drop below the support at $339.36, where it should complete wave B in green at about $303.29 before taking off again. Alternatively, Intuit could have already finished wave alt.B in green and thus climb above the resistance at $457.94 by now. We rate this alternative scenario with a probability of 38%.
NASDAQ:INTU
by MarketIntel
My intuition tells me a drop is coming. INTUA zigzag is in formation that is about o enter C Wave - an impulse down most likely. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NASDAQ:INTUShort
by Rykin_Capital