Intuit IncINTU
▼ NegativeCapitalrelevance
Weak fiscal 2027 guidance below consensus and reduced adjusted EPS due to stock-based compensation inclusion.
Impact on stocks 1
Cloud & Digital Infrastructure
Intuit IncIntuit shares fell 10% early Wednesday after the software company issued a fiscal 2027 outlook below Wall Street expectations. The company projects next year's revenue between $23.279 billion and $23.512 billion, putting the midpoint about $324.5 million below the LSEG consensus, with adjusted earnings expected at $22.88 to $23.12 per share. The weaker forecast follows a solid fourth quarter, where revenue rose 14% to $4.35 billion, topping the $4.27 billion estimate, while fiscal 2026 revenue reached $21.45 billion. Management expects slower growth from key consumer businesses, with TurboTax revenue projected to rise 2% to 3% compared with 7% growth in fiscal 2026, and Mailchimp revenue expected to remain flat or decline 1%. Intuit said lower entry prices are part of an effort to attract more customers, and it plans to include stock-based compensation in adjusted earnings, reducing fiscal 2027 adjusted EPS by $5.81 under the revised presentation.
Intuit IncWeak fiscal 2027 guidance below consensus and reduced adjusted EPS due to stock-based compensation inclusion.