Intuit Backs Targets

Financial-software maker Intuit (INTU Quote - Cramer on INTU - Stock Picks) reiterated its fiscal 2007 projections ahead of an investor day Wednesday.

Intuit sees earnings of $1.18 to $1.22 a share for the year ending July 31. Excluding certain items, the company predicts earnings of $1.36 to $1.40 a share. Analysts, on average, forecast earnings of $1.39 a share on this basis, according to Thomson First Call.

The company anticipates full-year revenue of $2.53 billion to $2.58 billion, bracketing analysts' mean estimate of $2.55 billion.

Intuit also reiterated its fiscal 2007 quarterly targets. For the current quarter, the company predicts a loss of 12 cents to 14 cents a share, before items. Wall Street anticipates a loss of 12 cents a share.