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INTUIT INC

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Intuit Inc. (NASDAQ: INTU) Surges 8% on Strong Earnings BeatIntuit Inc. (NASDAQ: INTU), a leading provider of financial management, compliance, and marketing solutions, saw its stock surge 8% in premarket trading following an impressive earnings beat. The company’s strong financial performance, coupled with increasing demand for its AI-driven financial services software, has positioned NASDAQ:INTU for a potential breakout. AI Expansion and Tax Season Demand Intuit, the maker of TurboTax, QuickBooks, and Credit Karma, has been capitalizing on the growing demand for AI-powered financial solutions. The ongoing tax season in the U.S. has further boosted demand for its software, with the bulk of tax filings expected in Q3. In its latest earnings report, Intuit exceeded Wall Street expectations, reporting second-quarter revenue of $3.96 billion, surpassing the estimated $3.83 billion. Adjusted earnings per share (EPS) came in at $3.32, significantly outperforming estimates of $2.58. However, while Intuit’s Q3 revenue forecast of $7.55 billion–$7.60 billion surpassed the analyst consensus of $7.51 billion, its adjusted profit per share projection of $10.89–$10.95 fell short of the expected $11.48. Despite workforce reductions in 2024, Intuit rapidly filled vacant positions, underscoring its operational efficiency and ability to scale talent acquisition. The company's AI-powered assistant, Intuit Assist, launched in November 2024 for QuickBooks, is further streamlining tax and financial management tasks, enhancing productivity for small businesses and individuals alike. Technical Outlook As of the time of writing, NASDAQ:INTU has surged 8% in premarket trading, forming a bullish engulfing pattern. The stock had previously closed down 2.2% in the last session, trading below key moving averages (MA). However, this premarket jump places NASDAQ:INTU on the cusp of a breakout. Key technical indicators suggest room for further upside: - Relative Strength Index (RSI): Currently at 54, indicating ample room for continued bullish momentum before entering overbought territory. - Fibonacci Retracement Support: The 38.2% Fibonacci retracement level is acting as a key support zone, potentially providing a cushion against pullbacks. - Breakout Potential: A decisive move above the 1-month high could push the stock toward the 38.2% Fibonacci extension zone, paving the way for new resistance levels and a sustained bullish run.
NASDAQ:INTULong
by DEXWireNews
INTUIT could recover for circa 3-5% upsideShort & Medium-Term Outlook Trend Analysis: • Short-Term (Current Price Action): • The stock has recently found support around the $600-$610 range and is attempting a bounce. • The green arrow and projection indicate a potential upward move of circa 5% to $638, which aligns with the next resistance level based on recent price action. • The moving averages (short-term and medium-term EMAs) show a downward trend, but the current price is attempting to reclaim the shorter EMA. • Momentum indicators suggest a potential short-term reversal. Trade Setup: Short-Term Targets: • Upside Target: $638 (potential 5.07% move) • Downside Risk: $600 support zone • Trade Probability: Moderate, with an entry bias confirmed by improving momentum indicators. Medium-Term Targets: • Upside Resistance: $660-$675 if bullish momentum continues beyond $638. • Downside Support: $580 (next major support if current bounce fails). Lets keep an eye on this • Short-Term (Next 15-21 Days): • Expect a potential bounce towards $638 if bullish momentum holds, with a cautious outlook due to moderate trend strength. • A break below $600 invalidates the bullish scenario. • Medium-Term (2-3 Months): • A sustained move above $638 could push the stock towards $660-$675. • Failure to hold current levels may see a retest of lower support near $580.
NASDAQ:INTULong
by OG_Doge
1
Potential INTU Stock Movement: Watch for a Breakout ConfirmationI anticipate that NASDAQ:INTU (Intuit) may exhibit a bullish move if it re-enters the ascending channel (black) and successfully retests it. This could pave the way for a rise toward the midline of the channel. The key condition? Holding above the red range (horizontal support zone). Any break below this range, especially with increased volume, could invalidate the setup. For confirmation, it's crucial to monitor price action closely, including candlestick patterns and volume behavior during key levels. If these align, the stock could be gearing up for significant upward momentum. #INTU #StockAnalysis #TechnicalAnalysis #StockMarket #TradingView #SwingTrading
NASDAQ:INTULong
by omossa
1/2/24 - $intu - need low $500s or else gl sidelines 4 me1/2/25 :: VROCKSTAR :: NASDAQ:INTU need low $500s or else gl sidelines 4 me - will keep it short and sweet like my post in may '24 - good name. think they will continue to lead their tax and biz planning niche - but at >30x PE and growing mid teens at best, i simply have to ask "is that the best (you) or i could do?" - i mean NVDA is similarly trading w/ better ebitda mgns and valued similarly on PE but growing at 40+% -> THAT's the benchmark. and it's the question i posed as my look ahead about "why NASDAQ:AAPL when you could pay the same and own NASDAQ:NVDA with 3-4x the growth and not have to deal with a cracked out consumer" - i reviewed this one tn as someone recommended the long NASDAQ:INTU and short NYSE:CRM pair. i "like" the idea of pair trades, but probably more on a professional level as i used to carry more positions and manage risk differently. - i genuinely don't think NASDAQ:INTU OR NYSE:CRM are shorts - but i think they're probably mediocre growers? (index trackers) at best, maybe that's 10-15% and "cool". but again.... you could do better. and if it's a 1-2% position only... why the distraction to my PnL - so where do i become more interested? probably in the mid 20s PE which would be about 20% lower. chances are, however, *if* we got there... i'd probably want to own some higher quality names that are maybe off 5-15% and not the 20% dip in stuff like NASDAQ:INTU or $crm. - but alas, quarterly reports can offer weird dips as we've learned. mkt is acting a lil cray these days. so. this is just a note to myself (and to anyone who cares) that i'm just not going to trade this unless we at least get below $550, but realistically i'm probably not a buyer until $500... and if we get there, maybe something's straight broken. - i'm watching, things can change - if u own it and like it and see it differently - always like to hear the alternative. i'm rooting for you, really. V
NASDAQ:INTU
by VROCKSTAR
INTU DISTRIBUTIONI clearly missed my entry point but I am posting this idea for visualization. I am seeing this curve or basing possibly coming into fruition. Key point was the flooring being created across the weeks/months near the 610 - 600 range but also the pivot or peak formation between 700 - 710 range giving indication of a possible backside of the distribution curve the failure following at the 680 level added context/confirmation. The 1D & 1H shows the MA (s) being to our backside which turns this trade/setup to something worth watching. We will see how it goes.
NASDAQ:INTU
by Dreamforevertay
INTU - 9 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
NASDAQ:INTULong
by TheArtOfCharting
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
5/23/24 - $intu - probably a beat, but this horse is exhausted5/23/24 - vrockstar - NASDAQ:INTU - great name, obviously, but nearly 40x earnings is a tough spot for me to get excited. one interesting chart is if you plug in "INTU/QQQ" to your trading view and notice the stock hasn't broken out vs. the nasdaq (it's traded flat at best) for the last 5 years (since 2019). that's to say, it's great performance, but if you're looking at longevity of px exposure to the upside, this might not be the best horse unless you're a diversified investor (and that's not my approach, i go large on single names that can offer outsized returns). typing these notes to myself so i don't have to repeat work when i come back to them - but sharing these days in case they're helpful. sidelines for me on this one, gl to the owners. the risk/reward simply doesn't make enough sense for me to believe i should be buying here into the print
NASDAQ:INTU
by VROCKSTAR
3
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
IRS -- Friend or foeThe IRS's recent announcement of direct tax filing services in 13 states poses a direct and significant threat to Intuit Inc.'s (INTU) core business, specifically its tax preparation software and services. This government-backed initiative not only erodes the competitive advantage enjoyed by Intuit but also undermines its revenue stream in the affected states. As a result, we anticipate a decline in INTU's stock price over the medium term, reflecting the growing uncertainty surrounding its future earnings potential in these regions. Shorting INTU allows investors to capitalize on this imminent competitive disruption and potential reduction in market share Targets: $484 $429
NASDAQ:INTUShort
by Helios_Capital_Investment