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Intuit Raises FY21 Financial Targets | MarketScreener

By Kimberly Chin Intuit Inc. raised its full-year financial projections, as the company sees strong demand for its products and services. The TurboTax, QuickBooks and Mint parent raised its revenue forecast to $9.36 billion to $9.4 billion for fiscal 2021, up from its previous view of $8.81 billion to $9 billion. Analysts polled by FactSet expected, on average, revenue of $9.07 billion. Full-year earnings are projected to be in the range of $6.96 to $7.01 a share, compared with its prior forecast of $5.30 to $5.50 a share. On an adjusted basis, it expects earnings around $9.32 to $9.37 a share, above its prior expectations of $8.20 to $8.40 a share. Analysts were looking for full-year earnings of $5.55 a share, or $8.47 a share as adjusted.

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