Intuit Inc. reported strong financial results for its third quarter of fiscal year 2025, surpassing Wall Street estimates and raising its full-year guidance. The company posted revenue of $7.88 billion, up 15% year-over-year, exceeding the consensus estimate of approximately $7.56 billion. Adjusted earnings per share (EPS) reached $11.65, an 18% increase from the prior year and above the estimated $10.96. GAAP EPS rose 19% to $10.02, while adjusted operating income was $4.34 billion, up 17% and beating the forecast of $4.1 billion. Key business segments contributed to growth, with the Consumer Group, including TurboTax Live, generating $4.0 billion in revenue, up 11%, and TurboTax Live revenue alone up 47% year-over-year, projected to reach $2.0 billion for the full fiscal year. Intuit also highlighted advances in AI integration as a factor in its performance. The company raised its full-year revenue forecast to a range of $18.72 billion to $18.76 billion, up from previous guidance of $18.16 billion to $18.35 billion, and adjusted EPS guidance to $20.07 to $20.12 from $19.16 to $19.36. Following the earnings release, Intuit's stock surged 8% to 9% in after-hours trading, reaching new highs not seen in over three years. Several analysts, including Wolfe Research and JPMorgan, upgraded their price targets for Intuit, with JPMorgan raising its target to $770 and maintaining an overweight rating. CFO Sandeep Aujla provided further commentary on the strong outlook during the earnings call.
Intuit shares pop 9% on earnings beat, rosy guidance https://t.co/w2tu8OAGpo
Intuit raises guidance for the full year, expecting revenue to grow 15%. CFO Sandeep Aujla breaks down the report: https://t.co/B1RffrMPWs
#JPMorgan Maintains Overweight on Intuit, Raises Price Target to $770 $INTU