Intuit's Q1 Earnings Results and Future Financial Guidance

Friday, 27 September 2024, 14:02

Intuit Q1 earnings reaffirm the company's financial guidance for fiscal 2025. Intuit projects a revenue growth of 5-6% and confirms adjusted EPS estimates between $2.33 and $2.38. The company's operational outlook remains strong with anticipated revenue growth for the full year.
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Intuit's Q1 Earnings Results and Future Financial Guidance

Intuit's Q1 Earnings Results

Intuit Inc. (NASDAQ: INTU), a leading provider of tax and accounting solutions, has reaffirmed its financial guidance for the first quarter and fiscal 2025. The management continues to expect first-quarter revenue growth of 5-6%, including Global Business Solutions Group revenue growth of 6-7%.

Financial Forecasts

  • Earnings guidance for the October quarter is confirmed in the range of $0.61 to $0.66 per share.
  • The adjusted earnings per share forecast is set between $2.33 and $2.38.
  • Full-year 2025 revenue growth is expected to be between 12% and 13%, reaching $18.160 billion to $18.347 billion.

Future Outlook

Operating income, on an unadjusted basis, is still anticipated in the range of $4.649 billion to $4.724 billion for FY25. The management reiterated full-year earnings per share guidance between $12.34 and $12.54, including special items, representing an 18-20% growth. On an adjusted basis, EPS is expected to be $19.16-$19.36 in FY25, which aligns with prior guidance.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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