Intuit (NASDAQ:INTU – Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 23.800-23.850 for the period, compared to the consensus earnings per share estimate of 22.070. The company issued revenue guidance of $21.3 billion-$21.4 billion, compared to the consensus revenue estimate of $21.2 billion. Intuit also updated its Q4 2026 guidance to 3.560-3.620 EPS.
Intuit Price Performance
NASDAQ:INTU traded down $15.78 during trading hours on Wednesday, reaching $383.93. The company had a trading volume of 5,605,278 shares, compared to its average volume of 3,633,717. The stock has a 50-day moving average of $410.70 and a two-hundred day moving average of $516.31. Intuit has a one year low of $342.11 and a one year high of $813.70. The firm has a market capitalization of $106.18 billion, a PE ratio of 24.87, a PEG ratio of 1.62 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28.
Intuit (NASDAQ:INTU – Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the prior year, the business posted $3.32 earnings per share. The business’s revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Analysts forecast that Intuit will post 17.44 earnings per share for the current year.
Intuit Dividend Announcement
Analyst Upgrades and Downgrades
INTU has been the topic of a number of analyst reports. Susquehanna lowered their price target on Intuit from $819.00 to $720.00 and set a “positive” rating on the stock in a research report on Tuesday, February 24th. BNP Paribas Exane upgraded Intuit from an “underperform” rating to a “neutral” rating and set a $463.00 target price on the stock in a report on Monday, March 16th. Stifel Nicolaus decreased their target price on Intuit from $800.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Citigroup decreased their target price on Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, The Goldman Sachs Group decreased their target price on Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $634.26.
Read Our Latest Analysis on INTU
Insider Activity at Intuit
In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the sale, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.49% of the company’s stock.
Trending Headlines about Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit is using the restructuring to speed up AI integration across products like TurboTax, Credit Karma, and QuickBooks, which could improve long-term efficiency and product capabilities. Reuters: Exclusive: Intuit to cut 17% of global jobs to streamline operations, memo shows
- Positive Sentiment: Analysts were still expecting solid quarterly results heading into the report, with some noting strong revenue and earnings potential despite the stock’s earlier decline. Benzinga: Intuit Likely To Report Higher Q3 Earnings…
- Neutral Sentiment: Intuit is set to report fiscal Q3 results after the close, so investors may be waiting for management to explain whether the job cuts are defensive cost control or part of a broader AI-led transformation. TipRanks: Polymarket Earnings: Will NVDA, INTU, LOW Beat Earnings Tomorrow?
- Negative Sentiment: The announced layoffs are weighing on sentiment because they highlight a major internal restructuring and raise concerns about near-term disruption, execution risk, and whether growth is slowing enough to justify the cuts. Fast Company: Intuit layoffs today: Stock takes a dive…
- Negative Sentiment: INTU has already been under pressure this year, and the latest news adds to investor concern that the company may be struggling to maintain its prior growth momentum. Yahoo Finance: Is It Time To Reassess Intuit (INTU) After This Year’s Sharp Share Price Slide
Hedge Funds Weigh In On Intuit
Several large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its stake in shares of Intuit by 6.1% during the fourth quarter. Sunbelt Securities Inc. now owns 867 shares of the software maker’s stock valued at $574,000 after acquiring an additional 50 shares during the period. Compound Planning Inc. lifted its stake in shares of Intuit by 22.9% during the fourth quarter. Compound Planning Inc. now owns 4,692 shares of the software maker’s stock valued at $3,108,000 after acquiring an additional 874 shares during the period. Axxcess Wealth Management LLC lifted its stake in shares of Intuit by 26.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 9,065 shares of the software maker’s stock valued at $6,005,000 after acquiring an additional 1,894 shares during the period. Birchwood Financial Partners Inc. acquired a new position in shares of Intuit during the fourth quarter valued at $33,000. Finally, Corient Private Wealth LLC lifted its stake in shares of Intuit by 47.8% during the fourth quarter. Corient Private Wealth LLC now owns 200,018 shares of the software maker’s stock valued at $132,496,000 after acquiring an additional 64,729 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.
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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