Intuit (INTU) Tops Q4 EPS by 3c, Offers Guidance

Intuit (NASDAQ: INTU) reported Q4 EPS of $0.20, $0.03 better than the analyst estimate of $0.17. Revenue for the quarter came in at $842 million versus the consensus estimate of $804.62 million.

Forward-looking Guidance

Intuit announced guidance for the first quarter of fiscal year 2018, which ends Oct. 31. The company expects:

• Revenue of $840 million to $860 million, growth of 8 to 11 percent.
• GAAP operating loss of $75 million to $85 million.
• Non-GAAP operating income of $15 million to $25 million.
• GAAP loss per share of $0.17 to $0.19.
• Non-GAAP diluted earnings per share of $0.03 to $0.05.

Intuit also announced guidance for full fiscal year 2018. The company expects:

• Revenue of $5.640 billion to $5.740 billion, growth of 9 to 11 percent.
• GAAP operating income of $1.485 billion to $1.535 billion, growth of 6 to 10 percent.
• Non-GAAP operating income of $1.885 billion to $1.935 billion, growth of 9 to 12 percent.
• GAAP diluted earnings per share of $4.00 to $4.10, growth of 8 to 10 percent.
• Non-GAAP diluted earnings per share of $4.90 to $5.00, growth of 11 to 13 percent.
• QuickBooks Online subscribers of 3.275 million to 3.375 million.

The company expects the following segment revenue results for fiscal year 2018:

• Small Business: growth of 12 to 14 percent.
• Consumer Tax: growth of 7 to 9 percent.
• ProConnect: growth of 0 to 2 percent.

"Our outlook for next year is building on the foundation for our next chapter of growth powered by our ecosystem strategy. It capitalizes on millions of customers with vast amounts of data matched with our technology and machine learning capabilities. As each customer enters the Intuit ecosystem, the value increases for everyone. It's the power of many for the prosperity of one," said Smith.

(Street sees FY EPS of $5.03 an Q1 EPS of $0.11)

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

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