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What Analysts Expect from Intuit in the Fourth Quarter

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Revenue estimated to fall 8.5% YoY in Q4

Intuit (INTU) generated almost 50.0% of its sales in the third quarter of the fiscal year. In the third quarter, Intuit reported sales of $3.3 billion, a rise of 12% YoY. Non-GAAP (generally accepted accounting principles) EPS rose 16.0% to $5.55. Analysts estimated sales of $3.23 billion and earnings of $5.41 in the third quarter.

In the fourth quarter, analysts expect Intuit to post sales of $904.0 million, which indicates an 8.5% YoY decline compared to sales of $988.0 million in the prior-year quarter.

Analysts also expect sales to rise by $6.75 billion in fiscal 2019, up 13.2% from $6.0 billion in fiscal 2018.

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Earnings per share

Analysts expect Intuit’s non-GAAP EPS to fall by 144.0% YoY from $0.32 in the fourth quarter of 2018 to -$0.14 in the fourth quarter of 2019. Intuit has managed to beat analysts’ earnings estimates in each of the last four quarters. The company posted EPS of $5.55 in the third quarter of 2019, 2.6% higher than analysts’ estimate of $5.41. It posted EPS of $1.0 in the second quarter of 2019, 16.3% higher than the analyst estimate of $0.86.

As the chart above shows, Intuit stock exceeded its earnings estimate of $0.11 with earnings of $0.29 in the first quarter of 2019. The company also exceeded analysts’ consensus earnings estimate of $0.23 by 39.1% with EPS of $0.32 in the fourth quarter of 2018.

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