Earnings Preview: Intuit

| About: Intuit Inc. (INTU)

Intuit (NASDAQ:INTU) is expected to report Q4 earnings after the market close on Tuesday, August 21, with a conference call scheduled for 5:00 pm ET.


The consensus estimate is 6c for EPS and $652.54M for revenue, according to First Call. Intuit is expected to book a narrower loss than a year ago. On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Guidance for Q4 EPS is 5c-7c on revenue of $647M-$662M.

Analyst Views

Goldman believes Intuit will meet its estimates, of 6c ex-ESO on revenue of $658M, as the company's ability to cross-sell and improve conversion rates drives execution in the SMB segment -- which is 67% of revenues -- in Q4. Goldman expects the initial guidance for FY13 to represent the biggest catalyst for the stock and anticipate an outlook, adjusted for discontinued operations, to be consistent with last year of up 9-11% year-over-year overall. Consensus for Q1: (8c) on $653.12M in revenue. Consensus for FY: $2.97 on $4.21B in revenue.