Intuit (INTU) Tops Q1 EPS by 16c, Q2 EPS Guidance Misses, Offers FY Guidance

Intuit (NASDAQ: INTU) reported Q1 EPS of $0.41, $0.16 better than the analyst estimate of $0.25. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.12 billion.

GUIDANCE:

Intuit sees Q2 2020 EPS of $1.00-$1.03, versus the consensus of $1.15.

• Revenue growth of 11 to 13 percent,
• GAAP earnings per share of $0.70 to $0.73, and
• Non-GAAP diluted earnings per share of $1.00 to $1.03

Intuit sees FY2020 EPS of $7.50-$7.60, versus the consensus of $7.51. Intuit sees FY2020 revenue of $7.44-7.54 billion, versus the consensus of $7.51 billion.

• Revenue of $7.440 billion to $7.540 billion, growth of 10 to 11 percent.
• GAAP operating income of $2.065 billion to $2.115 billion, growth of 11 to 14 percent.
• Non-GAAP operating income of $2.515 billion to $2.565 billion, growth of 10 to 12 percent.
• GAAP diluted earnings per share of $6.35 to $6.45, growth of 8 to 10 percent.
• Non-GAAP diluted earnings per share of $7.50 to $7.60, growth of 11 to 13 percent.

For earnings history and earnings-related data on Intuit (INTU) click here.

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