Intuit Inc. (NASDAQ:INTU) on Tuesday reported upbeat fourth-quarter financial results but issued FY27 guidance below estimates.

Intuit reported fourth-quarter revenue of $4.35 billion, beating analyst estimates of $4.27 billion. The QuickBooks, Credit Karma and TurboTax parent company posted adjusted earnings of $4.03 per share for the quarter, beating estimates of $3.58 per share, according to Benzinga Pro.

"Our strategy is to win as an AI-driven expert platform by creating a financial system of intelligence that increasingly does the work for consumers, businesses and accountants and helps them accomplish the outcomes that matter most," said Sasan Goodarzi, CEO of Intuit.

Intuit expects fiscal 2027 revenue of $23.28 billion to $23.51 billion versus estimates of $23.74 billion. The company expects full-year adjusted earnings of 22.88 to $23.12 per share versus estimates of $27.31 per share. The earnings guidance includes a $5.81 impact from share-based compensation expenses, so estimates may not be comparable. Intuit also noted that Mailchimp will become a separate reportable segment beginning in fiscal 2027.

Intuit shares fell 3.4% to trade at $345.29 on Wednesday.

These analysts made changes to their price targets on Intuit following earnings announcement.

  • Piper Sandler analyst Billy Fitzsimmons maintained the stock with an Underweight rating and raised the price target from $250 to $290.
  • Wells Fargo analyst Michael Turrin maintained the stock with an Equal-Weight rating and lowered the price target from $360 to $300.
  • Barclays analyst Raimo Lenschow maintained the stock with an Overweight rating and cut the price target from $443 to $408.

Considering buying INTU stock? Here’s what analysts think:

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