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Intuit (INTU) is a Top-Ranked Growth Stock: Should You Buy?

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

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Intuit (INTU)

Headquartered in Mountain View, CA, Intuit Inc. is a business and financial software company that develops and sells financial, accounting and tax preparation software and related services for small businesses, consumers and accounting professionals globally. The company has offices in the United States, Canada, India, the United Kingdom, Singapore, Australia, and other locations.

INTU boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 20.3% year-over-year for 2022, while Wall Street anticipates its top line to improve by 31.5%.

One analyst revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0 to $11.72 per share. INTU also boasts an average earnings surprise of 16.8%.

Intuit is also cash rich. The company has generated cash flow growth of 17.8%, and is expected to report cash flow expansion of 24.4% in 2022.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, INTU should be on investors' short lists.


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Zacks Investment Research