Intuit First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Intuit (NASDAQ:INTU) will unveil its latest earnings on Thursday, November 15, 2012. Intuit provides business and financial management solutions for businesses, consumers, accounting professionals and financial institutions.

Intuit Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 17 cents per share, a narrower loss from the year-earlier quarter net loss of 18 cents. During the past three months, the average estimate has moved down from a loss of 16 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 13.5% compared to last year’s $2.95.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported a loss of 8 cents per share versus a mean estimate of net loss of 4 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 4 cents.

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A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $4 million (2 cents a share) from a loss of $57 million (16 cents) a year earlier, but missed analyst estimates. Revenue remained stable at $593 million.

Wall St. Revenue Expectations: Analysts are projecting a rise of 7.6% in revenue from the year-earlier quarter to $639.2 million.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.2 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

Analyst Ratings: With 10 analysts rating the stock a buy, none rating it a sell and six rating the stock a hold, there are indications of a bullish stance by analysts.

Stock Price Performance: Between November 5, 2012 and November 9, 2012, the stock price dropped 98 cents (-1.6%), from $60.94 to $59.96. The stock price saw one of its best stretches over the last year between September 25, 2012 and October 5, 2012, when shares rose for nine straight days, increasing 5.6% (+$3.25) over that span. It saw one of its worst periods between August 7, 2012 and August 14, 2012 when shares fell for six straight days, dropping 2.9% (-$1.75) over that span.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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