No. of Recommendations: 1
For the third quarter of fiscal 2026, Intuit reported total revenue growth of 10% and management actually raised its outlook for the remainder of the year. The company is now expected to deliver top-line growth between 13% and 14% for the full year of fiscal 2026, a slight increase from the previous guidance range of between 12% and 13% issued as part of the Q2-26 earnings released last February. If the Q3-26 results were so bad, why would management actually increase full-year guidance?
As part of the Q3-26 earnings results, Intuit's management guided for Non-GAAP earnings per share between $23.80 and $23.85 for fiscal 2026. Looking at a consensus of 32 analysts' estimates, Intuit is expected to deliver Non-GAAP earnings per share of $26.48 in fiscal 2027, representing an annual growth rate of ~11%. Using the closing price of $307.07, this means that Intuit is currently trading at 12.9x management's guidance for fiscal 2026 and 11.4x the street's consensus for fiscal 2027.
After reaching an all-time high of $813.70 in July 2025, Intuit is now caught in a ~60% drawdown, one of the largest in the company's history.
https://seekingalpha.com/article/4907910-intuit-pe... 