Intuit Inc. shares fell 11.8% in pre-market trading on Wednesday, sliding to $315.30 after the company reported fourth-quarter results that, while exceeding analyst expectations, included cautious forward guidance.
The company posted adjusted earnings per share of $4.03, above the consensus estimate of approximately $3.58, and revenue of about $4.4 billion, surpassing expectations of roughly $4.27 billion. Despite the upside in quarterly results, Intuit’s stock remains well below its 52-week high of $705.08 but above its low of $252.84.
Fiscal 2027 revenue growth guidance was reduced to a range of 9–10%, down from 14% in fiscal 2026. TurboTax revenue growth was projected at just 2–3%. Full-year non-GAAP EPS guidance was set at $22.88–$23.12, significantly below the analyst consensus of about $27.30. First-quarter fiscal 2027 EPS guidance of $2.44–$2.48 also fell short of the roughly $4.02 consensus.
Intuit cited slowing customer growth of 3% year-over-year and weakness in its Mailchimp segment as key concerns. Structural slowdowns were noted across both consumer tax and small-business segments, compounded by ongoing securities litigation. The company has scheduled an Investor Day for September 17 to address its strategic outlook.
Analysts at Mizuho maintained an Outperform rating with a $430 price target, viewing the guidance reset as a potential opportunity to rebuild credibility ahead of the event. Jefferies, while keeping a Buy rating, trimmed its price target to $500 from $550. Broader market conditions offered no support, with the S&P 500 essentially flat, the Nasdaq down 0.1%, and the Dow up 0.2%.
