The Motley Fool
24 May 2026, 10:30 UTC · 2h ago
Why Intuit Stock Plummeted This Week
Source · https://www.fool.com/investing/2026/05/24/why-intuit-stock-plummeted-this-week/
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The Motley Fool
24 May 2026, 10:30 UTC · 2h ago
Source · https://www.fool.com/investing/2026/05/24/why-intuit-stock-plummeted-this-week/
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Intuit raised its full-year adjusted earnings guidance to between $23.80 and $23.85 per share, up from the previous range of $22.98 to $23.18. — Higher earnings guidance typically signals strong internal growth and future profitability.
+0.40Intuit increased its full-year sales target to a range of $21.34 billion to $21.37 billion, exceeding previous guidance of $20.997 billion to $21.186 billion. — Positive revisions to revenue forecasts indicate expanding market share or pricing power.
+0.30Intuit's stock price fell 18.6% following its fiscal Q3 report, despite beating analyst estimates for sales and earnings. — A significant price drop despite a beat suggests investors had priced in an even larger surprise or are reacting to specific 'warning signs' in the report.
-0.30Intuit's ProTax revenue remained flat at $278 million for the third fiscal quarter. — Stagnation in a specific revenue stream can be viewed as a weakness compared to growth in other segments like Credit Karma (15%).
-0.20Impact vectors
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Ticker attribution
Model heads
Despite beating estimates and raising guidance, the stock experienced a significant price drop of 18.6% following the quarterly report.
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