Feb 26, 02:40 AM

Intuit Reports Q2 FY 2025 Earnings of $3.96 Billion and EPS of $3.32, Stock Up 4.5% After Hours, Price Target Raised to $730

Intuit Inc. reported strong second-quarter earnings for fiscal 2025, with revenues reaching $3.96 billion, surpassing analyst expectations of $3.83 billion. The company's earnings per share (EPS) also exceeded forecasts, coming in at $3.32 compared to the anticipated $2.58. Following the announcement, Intuit's stock rose approximately 4.5% in after-hours trading. The company reaffirmed its full-year guidance, projecting revenue growth of 12% to 13%, GAAP operating income growth of 28% to 30%, and GAAP diluted EPS growth of 18% to 20%. Analysts from Morgan Stanley upgraded Intuit's stock rating to 'Overweight' from 'Equalweight' and raised the price target to $730, citing small business strength and margin upside as key factors. The positive outlook comes amid a crucial tax season, with Intuit's TurboTax and Credit Karma services playing a significant role in its performance. CEO Sasan Goodarzi highlighted the company's progress in selling business software to mid-sized companies and the impact of AI on their results.