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Intuit -0.4% on Q3 beats, mixed Q4 guidance

May 22, 2018 4:37 PM ETIntuit Inc. (INTU) StockINTUBy: Brandy Betz, SA News Editor
  • Intuit (NASDAQ:INTUdrops 0.4% aftermarket on Q3 results that beat EPS and revenue estimates with a 15% Y/Y revenue growth. Mixed Q4 guidance has revenue of $940M to $960M (consensus: $890.98M) and EPS of $0.22 to $0.24 (consensus: $0.29).
  • Upside FY18 guidance has revenue of $5.915B to $5.935B (consensus: $5.79B) with EPS of $5.51 to $5.53 (consensus: $5.43). 
  • Key metrics: Consumer Group revenue growth, 15%; TurboTax growth, 4% for season; Small Business and Self-Employed Group revenue growth, 16%; QuickBooks Online subscribers, 3.2M (+45%); Self-Employed QuickBooks Online subscribers, 683K (+323K). 
  • Staff change: Dan Wemikoff, GM of the Consumer Group, will step down at the end of FY18. Senior VP of Marketing Greg Johnson will step into the vacated position.  
  • Earnings call began at 4:30 PM Eastern with a webcast/replay available here
  • Press release.  
  • Previously: Intuit beats by $0.22, beats on revenue (May 22)

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