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Intuit Inc. (INTU) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research·
Intuit stock has declined 19.6% over the past month, significantly underperforming the S&P 500. While the company maintains a Zacks Rank #3 (Hold) rating with consistent earnings beat history and revenue growth forecasts of 9-10%, current fiscal year earnings are expected to decline 3.2% year-over-year. The stock is trading at a discount to peers (Value Grade B) but is expected to perform in line with the broader market in the near term.
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