Intuit slides as weak fiscal 2027 guidance overshadows earnings beat
-3.24% to $345.88 from $357.46
What moved INTU
- Adjusted Q4 EPS of $4.03 beat the $3.58 analyst estimate.
- Fiscal 2027 adjusted EPS guidance of $22.88-$23.12 came in well below the $27.30 consensus estimate.
- Management pointed to “AI competition” pressuring growth, guiding TurboTax revenue growth to just 2%-3% versus 7% in fiscal 2026, with Mailchimp revenue seen flat to down.
- Morgan Stanley kept an Equal-Weight rating on the stock but cut its price target to $315 from $335.
- Shares fell about 4% in Wednesday trading, adding to an 11% after-hours drop following Tuesday’s report.
- Intuit raised its quarterly dividend 15% to $1.38 per share.
Sources: TipRanks · StockStory · Daily Trade Alert · The Motley Fool