Intuit Inc. (NASDAQ:INTU) shares closed more than 3% higher following the company’s reported Q4 results, with EPS coming in at $1.10, better than the Street estimate of $0.99. Revenue fell 6% year-over-year to $2.4 billion, beating the Street estimate of $2.34 billion.
Small Business segment Q4 revenue growth of 41% year-over-year contributed to the full 2022-year segment revenue growth of 38%. Q4 Credit Karma revenue grew 17% year-over-year. The company’s 2022 Consumer (TurboTax) segment revenue grew 10% (entirely via revenue-per-return growth), a fifth consecutive year of double-digit growth.
The company anticipates Q1/23 EPS to be in the range of $1.14-$1.20, compared to the Street estimate of $1.86, and revenue growth in the range of 23-25%, including Mailchimp.
Full 2023-year EPS is expected to be in the range of $13.59-$13.89, compared to the Street estimate of $13.81, and revenue in the range of $14.485-14.7 billion, compared to the Street estimate of $14.47 billion.