Intuit (NASDAQ:INTU) Updates FY 2027 Earnings Guidance

Key Points

• Intuit issued below-consensus FY 2027 guidance, forecasting EPS of $22.88–$23.12 versus the $26.04 consensus estimate and revenue of $23.3–$23.5 billion versus $23.7 billion expected. Q1 FY 2027 EPS guidance was set at $2.44–$2.48.
• Shares fell 3.4% to $357.46 following the guidance update. The stock remains well below its 52-week high of $705.08.
• Despite several analysts cutting price targets, Wall Street’s overall view remains positive, with a “Moderate Buy” consensus rating and an average price target of $449.65.

Intuit (NASDAQ:INTU - Get Free Report) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 22.880-23.120 for the period, compared to the consensus EPS estimate of 26.040. The company issued revenue guidance of $23.3 billion-$23.5 billion, compared to the consensus revenue estimate of $23.7 billion. Intuit also updated its Q1 2027 guidance to 2.440-2.480 EPS.

Wall Street Analyst Weigh In

A number of research firms have commented on INTU. Wells Fargo & Company lowered their price target on Intuit from $425.00 to $360.00 and set an "equal weight" rating for the company in a research report on Thursday, May 21st. Wolfe Research reiterated an "outperform" rating and issued a $400.00 price objective on shares of Intuit in a research report on Thursday, May 21st. Rothschild & Co Redburn reduced their target price on Intuit from $700.00 to $600.00 and set a "buy" rating on the stock in a research note on Tuesday, June 2nd. Susquehanna decreased their target price on Intuit from $550.00 to $427.00 and set a "positive" rating for the company in a report on Monday, July 20th. Finally, Mizuho dropped their price target on Intuit from $500.00 to $430.00 and set an "outperform" rating for the company in a research note on Monday, August 17th. Twenty equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $449.65.

Intuit Stock Down 3.4%

INTU traded down $12.46 during midday trading on Tuesday, reaching $357.46. The company's stock had a trading volume of 5,611,947 shares, compared to its average volume of 4,333,711. Intuit has a 1 year low of $252.84 and a 1 year high of $705.08. The stock's 50-day moving average is $300.85 and its 200-day moving average is $358.61. The firm has a market capitalization of $97.78 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.15 and a beta of 0.97. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock worth $348,354 in the last 90 days. Corporate insiders own 2.49% of the company's stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts expect continued growth, with consensus estimates calling for earnings of roughly $3.58–$3.59 per share, supported by momentum in QuickBooks, Credit Karma and Intuit’s artificial-intelligence initiatives. Intuit to Report Q4 Earnings: What Should Investors Do?
• Positive Sentiment: An Intuit AI executive said the future of finance is moving toward real-time, continuously updated insights rather than monthly reporting, highlighting potential longer-term opportunities for the company’s software platform. Intuit AI expert says future of finance is real-time, not monthly

Institutional Investors Weigh In On Intuit

Large investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its position in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC grew its position in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after purchasing an additional 482 shares during the period. United Bank bought a new stake in Intuit in the 2nd quarter worth approximately $734,000. Sivia Capital Partners LLC raised its stake in Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock valued at $698,000 after buying an additional 166 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its stake in Intuit by 44.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 537 shares of the software maker's stock valued at $423,000 after buying an additional 164 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

About Intuit

Intuit Inc NASDAQ: INTU is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit's product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

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