Macquarie Maintains a 'Neutral' on Intuit (INTU); Q2 Preview
Tweet
Share
E-mailGet Alerts INTU Hot Sheet
Price: $338.79 -1.99%
Rating Summary:
31 Buy, 12 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 20
Rating Summary:
31 Buy, 12 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 20
Join SI Premium – FREE
Macquarie maintains a 'Neutral' on Intuit (NASDAQ: INTU) price target of $53.00.
Macquarie analyst says, "For F4Q we model revenue of US$580m and a non-GAAP EPS of US$0.00, compared to consensus of US$583m and US$0.00 and guidance of US$567-587m and US$(0.02)-0.02, respectively...We expect the company to provide a conservative FY2012 outlook especially Small Business Group guidance given current SMB trends. We expect FY tax guidance to bracket consensus at +12%, though we see some risk in the midpoint of Small Business guidance falling slightly below consensus of +10%. We estimate FY12 total revenue of US$4,217m and non-GAAP EPS of US$2.85."
For more ratings news on Intuit click here and for the rating history of Intuit click here.
Shares of Intuit closed at $42.88 yesterday.
Macquarie analyst says, "For F4Q we model revenue of US$580m and a non-GAAP EPS of US$0.00, compared to consensus of US$583m and US$0.00 and guidance of US$567-587m and US$(0.02)-0.02, respectively...We expect the company to provide a conservative FY2012 outlook especially Small Business Group guidance given current SMB trends. We expect FY tax guidance to bracket consensus at +12%, though we see some risk in the midpoint of Small Business guidance falling slightly below consensus of +10%. We estimate FY12 total revenue of US$4,217m and non-GAAP EPS of US$2.85."
For more ratings news on Intuit click here and for the rating history of Intuit click here.
Shares of Intuit closed at $42.88 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Intuit (INTU) PT Lowered to $430 at Mizuho
- Broadridge Financial (BR) PT Raised to $180 at UBS, Neutral Rating Maintained
- Seaport Global Securities Downgrades JetBlue Airways (JBLU) to Neutral
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
