Third Quarter Financial and HR Software Stock Overview: Intuit (NASDAQ:INTU) vs. Peers
Earnings results often indicate the direction a company will take in the coming months. Now that the third quarter is behind us, let’s take a look at Intuit (NASDAQ:INTU) and its peers.
Organizations are constantly looking for ways to improve organizational efficiency, whether it is financial planning, tax management or payroll. Financial and HR software are benefiting from the SaaSification of businesses large and small, who much prefer the flexibility of cloud-based, web browser-delivered, subscription-based software to the hassle and expense of purchasing and managing on a subscription basis. location business software.
The fourteen financial and HR software stocks we track reported a mixed third quarter. As a group, revenues exceeded analyst consensus expectations by 1.4%, while revenue expectations for the next quarter were 1% below that.
Fortunately, the companies’ share prices have been resilient, having risen an average of 8.3% since the last earnings results.
Intuit was founded in 1983 when founder Scott Cook saw his wife struggling to balance the family checkbook. It provides tax and accounting software for small and medium businesses.
Intuit reported revenue of $3.28 billion, up 10.2% year over year. This print exceeded analyst expectations by 4.6%. Despite the revenue development, it was still a mixed quarter for the company, with an impressive profit in analyst expectations, but earnings expectations for the next quarter fell significantly short of analyst expectations.
“We had a strong start to the year as we demonstrated the power of Intuit’s AI-driven expert platform strategy. By delivering done-for-you experiences powered by AI with access to AI-powered human experts, we continue to drive consumer and business success,” said Sasan Goodarzi, CEO of Intuit.
Intuit total revenue
Unsurprisingly, the stock is down 4.8% since reporting and is currently trading at $646.31.
Is Now the Time to Buy Intuit? See our full analysis of earnings results here. It’s free.
Founded by René Lacerte in 2006 after selling his previous payroll and accounting software company PayCycle to Intuit, Bill.com (NYSE:BILL) is a software-as-a-service platform that aims to make payments and billing processes easier for small businesses. and medium-sized companies. .
Bill.com reported revenue of $358.5 million, up 17.5% year over year, and beat analyst expectations by 3.3%. The company had a very strong quarter, with earnings per share expectations for next quarter exceeding analyst expectations and a solid improvement in analyst EBITDA estimates.
Bill.com’s total revenue
The market seems pleased with the results, as the stock is up 32.2% since reporting. It is currently trading at $87.
Is Now the Time to Buy Bill.com? See our full analysis of earnings results here. It’s free.
Asure (NASDAQ:ASUR), formed from the merger of two small workforce management companies in 2007, offers cloud-based payroll and HR software for small and medium-sized businesses (SMBs).
Asure reported revenue of $29.3 million, flat year-over-year, falling 6.5% short of analyst expectations. It was a disappointing quarter, as revenue expectations for the following quarter did not match analyst expectations.
Asure delivered the weakest performance against analyst estimates, the slowest revenue growth and the weakest full-year forecast update in the group. As expected, the stock has fallen 8.1% since the results and is currently trading at $9.13.
Read our full analysis of Asure’s results here.
Global Business Travel (NYSE:GBTG) has close ties with American Express and is a comprehensive travel and expense management provider to businesses worldwide.
Global Business Travel reported revenue of $597 million, up 4.6% year over year. This result was 2.7% lower than analysts’ expectations. It was a slower quarter as full-year revenue expectations also lagged slightly behind analyst expectations.
The stock is up 19.7% since reporting and is currently trading at $9.17.
Read our full, actionable report on Global Business Travel here. It’s free.
Workday (NASDAQ:WDAY), founded by industry veterans Aneel Bushri and Dave Duffield after their former company PeopleSoft was acquired by Oracle in a hostile takeover, provides cloud-based software for organizations to manage and plan finances and human resources.
Workday reported revenue of $2.16 billion, up 15.8% year over year. This figure exceeded analyst expectations by 1.4%. It was a strong quarter as it also saw a solid improvement in analysts’ annual recurring revenue estimates and an impressive improvement in analysts’ EBITDA estimates.
The stock is flat since reporting and is currently trading at $268.93.
Read our full, actionable report on Workday here. It’s free.
Thanks to the Fed’s series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs and is moving closer to the 2% target. This disinflation has occurred without serious consequences for economic growth, indicating a soft landing success. The stock market boomed in 2024, boosted by recent interest rate cuts (0.5% in September and 0.25% in November), and a notable rally followed Donald Trump’s presidential election victory in November, sending the indices to historic highs were pushed. Nevertheless, the outlook for 2025 remains clouded by possible changes in trade policy and corporate tax discussions, which could impact business confidence and growth. The path forward involves both optimism and caution as new policies take shape.
Do you want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem stocks and add them to your watchlist. These companies are primed for growth regardless of the political or macroeconomic environment.
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