On September 18, Intuit declined 3.04% in regular trading, trading at $303.12/share, with turnover of $239 million. The drop follows the company's Investor Day held on September 17, where management reiterated its FY2027 full-year guidance that fell short of Wall Street expectations.

Specifically, Intuit reaffirmed non-GAAP EPS guidance of $22.88 to $23.12, slightly below the FactSet consensus estimate of $23.14. Revenue guidance of $23.28 billion to $23.51 billion also came in below the analyst estimate of $23.41 billion. The company also reiterated its fiscal Q1 outlook for non-GAAP EPS of $2.44 to $2.48 on revenue of $4.29 billion to $4.31 billion.

The weak guidance initially emerged with Q4 fiscal 2026 results in late August, when the full-year EPS outlook of $22.88-$23.12 dramatically missed the then-consensus of $27.30, triggering a sharp sell-off and multiple analyst target price cuts. Daiwa Securities cut its target to $400 from $500, while JPMorgan lowered its target to $331. RBC Capital Markets had previously noted the Investor Day could help rebuild confidence over time but was unlikely to serve as a near-term catalyst — a view that appears validated by the continued selling pressure.

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