Intuit (INTU) ended the recent trading session at $607.28, demonstrating a +0.16% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.01%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.08%.

Heading into today, shares of the maker of TurboTax, QuickBooks and other accounting software had lost 2.97% over the past month, lagging the Computer and Technology sector's gain of 1.03% and the S&P 500's gain of 1.21% in that time.

The investment community will be paying close attention to the earnings performance of Intuit in its upcoming release. The company's upcoming EPS is projected at $2.36, signifying a 4.45% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $3.14 billion, reflecting a 5.38% rise from the equivalent quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $19.32 per share and a revenue of $18.25 billion, indicating changes of +14.05% and +12.04%, respectively, from the former year.

Any recent changes to analyst estimates for Intuit should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Intuit is currently sporting a Zacks Rank of #3 (Hold).

In the context of valuation, Intuit is at present trading with a Forward P/E ratio of 31.38. This valuation marks a premium compared to its industry's average Forward P/E of 28.82.

Meanwhile, INTU's PEG ratio is currently 2.15. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Software industry currently had an average PEG ratio of 2.36 as of yesterday's close.