In This Article:
It has been about a month since the last earnings report for Intuit (INTU). Shares have lost about 1.7% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Intuit due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended downward during the past month.
The consensus estimate has shifted -6.7% due to these changes.
VGM Scores
At this time, Intuit has a subpar Growth Score of D, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Intuit has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Intuit belongs to the Zacks Computer - Software industry. Another stock from the same industry, Cadence Design Systems (CDNS), has gained 3.7% over the past month. More than a month has passed since the company reported results for the quarter ended December 2024.
Cadence reported revenues of $1.36 billion in the last reported quarter, representing a year-over-year change of +26.9%. EPS of $1.88 for the same period compares with $1.38 a year ago.
Cadence is expected to post earnings of $1.49 per share for the current quarter, representing a year-over-year change of +27.4%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Cadence. Also, the stock has a VGM Score of F.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intuit Inc. (INTU) : Free Stock Analysis Report
Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).