Intuit (INTU) Tops Q4 EPS by 10c; Guides Q1 EPS, Revenue Below Views
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August 25, 2016 9:48 AM EDT
Oppenheimer reiterated an Outperform rating on Intuit (NASDAQ: INTU), and raised the price target to $116.00 (from $113.00), following the company's 4Q earnings report. QBO subscribers reached 1.513M as of 7/31/16 vs. guidance of 1.5M. Small Business Online Ecosystem revenue grew 25% y/y, primarily via online customer acquisition. INTU maintained... More
August 24, 2016 10:19 AM EDT
Brean Capital reiterated a Buy rating on Intuit (NASDAQ: INTU), and raised the price target to $135.00 (from $130.00), following the company's 4Q earnings report. INTU reported modest revenue upside and QBO subscriber count, while showing strong margin leverage. Guidance for FY17 was relatively in-line. However, F1Q guidance was lower than Street estimates.
Analyst Yun Kim commented, "INTU reported solid F4Q results, driven by steady business... More
August 24, 2016 10:07 AM EDT
Oppenheimer reiterated an Outperform rating and $113.00 price target on Intuit (NASDAQ: INTU) following the company's 4Q earnings report. INTU reported EPS of $0.08, ahead of the Street's estimates for a loss of ($0.02). Although F1Q17 was guided below our/Street estimates, this was largely attributed to... More
