May 24, 2022
[1 min Read]
INTU's earnings are being released in today, on May 24th 2022, after market close.
INTU historically beats earnings estimates 60.4% of the time, with an average beat of 52.39%. Their last earnings release came on Feb 23, 2022, where they were expected to report an EPS of $1.85. INTU missed this EPS estimate by $-0.3(or -16.22%) , as they reported an EPS of $1.55 for the quarter.
INTU historically beats earnings 60.4% of the time, with an average beat on earnings of 52.39%.
Conversely, INTU historically beats earnings 39.6% of the time, with an average miss of 23%.
By taking a weighted average (60.4% for earnings beats, and 39.6% for earnings misses) of the average gains/losses we can arrive at an estimate of how much INTU will beat (or miss) their earnings by. INTU has a weighted average EPS beat of 31.64%, and a weighted average EPS miss of 9.11%. By adding these weighted averages together we arrive at an estimated earnings beat of 22.53%.