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What to Expect From Intuit’s Upcoming Q4 Earnings?


Analysts at Deutsche Bank provided their outlook on Intuit Inc. (NASDAQ:INTU) ahead of the upcoming Q4 results, scheduled to be reported on Aug 23.
The analysts expect another solid quarterly result, modeling revenue/non-GAAP EPS of $2.34 billion/$0.97, compared to the Street estimate of $2.34 billion/$0.98.
However, the analysts believe investor focus is squarely centered on guidance for 2023. Against a moderating SMB backdrop, the analysts are taking a more cautious stance into the next fiscal year and reducing their estimates ahead of initial guidance that they think could embed additional conservatism to reflect elevated levels of macro uncertainty and challenging year-over-year compares.
Specifically, the analysts reduced their 2023 organic Small Business revenue forecasts to 11% year-over-year growth, compared to the typical historical 12%-14% guidance range set by management. The analysts lowered their Credit Karma forecast to 18% growth, compared to the estimate of 20% prior.










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