On September 17, Intuit fell 3.11% in regular trading, trading at approximately $319.02 per share, with turnover of $4.34 billion. The stock remains under sustained selling pressure following its fiscal Q4 earnings report, which delivered a significant miss on forward guidance.
While Intuit's fiscal Q4 results exceeded expectations — with revenue of $4.35 billion and adjusted EPS of $4.03 beating consensus estimates of $4.27 billion and $3.58 respectively — its FY2027 full-year guidance fell sharply short of market expectations. The company guided for non-GAAP EPS of $22.88 to $23.12, far below the Street consensus of $27.30, and revenue of $23.28 billion to $23.51 billion, below the expected $23.70 billion. Management attributed the slowdown to softness in Mailchimp, declining desktop products, and lower TurboTax per-customer revenue as the company shifts focus toward customer acquisition. Multiple investment banks have since cut their price targets, with JPMorgan lowering its target to $331 and Daiwa Securities cutting from $500 to $400. UBS characterized the guidance as a reset rather than confirmed stabilization, flagging risks from AI competition in the tax preparation segment.
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