Tax and accounting software provider, Intuit (NASDAQ:INTU) will be reporting earnings tomorrow afternoon. Here’s what to look for.

Intuit beat analysts’ revenue expectations by 3.9% last quarter, reporting revenues of $3.28 billion, up 10.2% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ billings estimates.

Is Intuit a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Intuit’s revenue to grow 13% year on year to $3.83 billion, improving from the 11.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.58 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Intuit has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Intuit’s peers in the finance and HR software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. BlackLine delivered year-on-year revenue growth of 8.8%, beating analysts’ expectations by 0.6%, and Paycor reported revenues up 13.1%, topping estimates by 1.9%. BlackLine traded down 18.1% following the results while Paycor’s stock price was unchanged.

Read our full analysis of BlackLine’s results here and Paycor’s results here.

Inflation has progressed towards the Fed’s 2% goal as of late, leading to strong stock market performance. Recent rate cuts and the 2024 Presidential election's conclusion added further sparks to the market, and while some of the finance and HR software stocks have shown solid performance, the group has generally underpeformed, with share prices down 2.8% on average over the last month. Intuit is down 6.7% during the same time and is heading into earnings with an average analyst price target of $719.24 (compared to the current share price of $565.47).

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