Intuit shares dropped 11.66% ahead of Wednesday’s market open after the company’s full-year forecast came in below analyst projections. Intuit Inc. was trading at $315.77 as of 05:09 EDT.
| Measure | Guide | Street | Gap |
|---|---|---|---|
| FY27 revenue | $23.279B–$23.512B | $23.72B | −$324.5M* |
| Q1 revenue | $4.294B–$4.313B | $4.36B | −$56.5M* |
| FY27 adj. EPS | $22.88–$23.12 | $27.32 | basis shift |
| Business | FY26 | FY27 | Signal |
|---|---|---|---|
| Company | +14% | +9%–10% | slower |
| TurboTax | +7% | +2%–3% | pricing reset |
| Consumer Group | +11% | +4%–6% | volume focus |
| Credit Karma | +20% | +11%–13% | normalizing |
| Mailchimp | not disclosed | −1% to 0% | drag |
| Global Business Solutions | +16% | +13%–14% | resilient |
| FY26 revenue | $21.448B | +14% |
| Q4 revenue | $4.354B | beat $4.27B estimate |
| Cash and investments | $7.2B | Aug. 25 release |
| FY26 repurchases | $5.5B | share count −2% |
| Remaining authorization | $7.9B | Aug. 25 release |
Bull case: lower entry pricing restores filer growth, while TurboTax Live keeps mix and service revenue rising.
Bear case: discounts reduce revenue per customer before volumes respond. Flat Mailchimp sales deepen the drag.
Accounting watch: fiscal 2027 adjusted EPS includes a $5.81 share-based-compensation impact. Prior periods excluded it.
| Metric | Actual | Street | Beat |
|---|---|---|---|
| Revenue | $4.354B | $4.27B | +2.0% |
| Adjusted EPS | $4.03 | $3.58 | +12.6% |
| Online Ecosystem | $2.6B | — | +17% YoY |
| Credit Karma | $743M | — | +16% YoY |
The definition change narrows the apparent EPS miss. The revenue midpoint of $4.304B still trails the $4.35B consensus by about 1.1%.
| Firm / group | Rating | Target | Upside vs close |
|---|---|---|---|
| Jefferies | Buy | $500 | 39.3% |
| Citi | Buy | $457 | 27.3% |
| 35-analyst avg. | Buy | $446.02 | 24.3% |
| TD Cowen | Hold | $328 | −8.6% |
