Get intelligentvalue.com

Own it today or select a payment plan

Buy Now$3,879Payment Plan$325/mo

Secured by Stripe

Premium Domain Name

intelligentvalue.com

is available for purchase

51 views

Visitors from

US 54%·

AU 32%·

IN 7%·

GB 2%·

FR 2%

Perfect for

Financial Consulting Technology Startups Educational Services Economic Forecasting E-commerce Solutions Business Analytics Artificial Intelligence Solutions Investment Advisory Strategic Planning Market Research

Unlock the potential of 'intelligentvalue.com', a premium domain that embodies sophistication and expertise in investment advisory and financial consulting. Perfect for businesses in artificial intelligence solutions, market research, and strategic planning, this memorable domain conveys a strong branding message that resonates with clients seeking innovative and data-driven insights. Elevate your presence in the competitive landscape with a digital identity that signifies intelligence, value, and forward-thinking solutions.

Safe & Secure

Protected transactions with Stripe

Fast Transfer

Domain transferred within 24 hours

Flexible Payments

Interest-free payment plans available

Why Intuit (INTU) Stock Is Down Today

November 22, 2024 at 15:21 PM EST

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

INTU Cover Image

What Happened?

Shares of tax and accounting software provider, Intuit (NASDAQ: INTU) fell 6.5% in the morning session after the company reported weak third-quarter results and provided revenue guidance for the next quarter, which fell short of Wall Street's estimates. Its EPS guidance missed by even more. On the other hand, sales and earnings exceeded expectations during the quarter. Overall, this was a softer quarter, and the stock's reaction suggests markets were expecting stronger guidance following the earnings beat.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Intuit? Access our full analysis report here, it’s free.

What The Market Is Telling Us

Intuit’s shares are not very volatile and have only had 4 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 3 months ago when the stock dropped 8.3% on the news that the company reported weak second-quarter earnings results. Its gross margin declined, and its billings missed Wall Street's estimates. The company also provided underwhelming long-term guidance ahead of its investor day session. FY25 growth projection for the Consumer segment was lowered to 6-10% (from prior 8-12%). Similarly, Credit Karma revenue forecast was revised to 10-15% (from the prior 20-25%), while the SBSE ( Small Business and Self Employed) unit was unchanged at 15-20%. Overall, it was a challenging quarter, given the weak outlook.

Intuit is up 6.1% since the beginning of the year, but at $640.13 per share, it is still trading 9.4% below its 52-week high of $706.25 from November 2024. Investors who bought $1,000 worth of Intuit’s shares 5 years ago would now be looking at an investment worth $2,463.

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article