Intuit Q3 2022 Earnings Preview
Intuit (NASDAQ:INTU) is scheduled to announce Q3 earnings results on Tuesday, May 24th, after market close.
The consensus EPS Estimate is $7.58 (+24.9% Y/Y) and the consensus Revenue Estimate is $5.51B (+32.1% Y/Y).
Over the last 2 years, INTU has beaten EPS estimates 75% of the time and has beaten revenue estimates 63% of the time.

Over the last 3 months, EPS estimates have seen 12 upward revisions and 6 downward. Revenue estimates have seen 14 upward revisions and 0 downward.



Shares were down 2% on Feb. 25, a day after Intuit posted second-quarter results that fell short of Wall Street's expectations. The company said that for the quarter ending January 31 it earned $1.55 a share, excluding one time items, on sales of $2.67 billion, while analysts had forecast the company to earn $1.85 a share, on sales of $2.73 billion.
For its third quarter, Intuit estimates it will earn between $7.51 and $7.57 a share, with revenue growing between 32% and 33% from the $4.2 billion it reported a year ago.

Earlier this month, the company agreed to pay $141M in restitution to consumers who paid for TurboTax services that should have been free under an agreement with New York Attorney General Letitia James and other state AGs.
Also read - Intuit: Higher Upside On Robust Double-Digit Growth by Seeking Alpha contributor Khaveen Investments.