Intuit Inc <INTU.O>: Profits of $1.66 announced for first quarter

30 November 2022 01:01 a.m. ​All figures in US dollars. The profits announced by Intuit Inc in the first quarter were higher than the Refinitiv mean estimate of profits. The company reported profits of $1.66 per share, 13 cents higher than the same quarter last year when the company reported EPS of $1.53. Profits of $1.22 per share were anticipated by the nineteen analysts providing estimates for the quarter. Wall Street expected results to range from $1.14 to $1.72 per share, with a forecasted mean of $1.22 per share. The company reported revenue of $2.60 billion, which is higher than the estimated $2.5 billion. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the financial technology (fintech) peer group is also "Buy". FORECAST CHANGES * Twenty analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There was a gain of four new estimates. YEAR OVER YEAR * The company reported an increase in revenue to $2.6 billion from $2.01 billion in the same quarter last year.​ * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jul. 31 2022 0.98​ 1.10 Beat Apr. 30 2022 7.58 7.65 Beat Jan. 31 2022 1.85 1.55 Missed​ Oct. 31 2021 0.97 1.53 Beat This summary was machine generated from Refinitiv data November 30 at 01:01 a.m.