Intuit Inc. (INTU - Get Report) is expected to report a loss of $39.5 million, or 15 cents a share, on sales of $961.8 million after the market closes on Thursday, based on a FactSet survey of 21 analysts.
The company offered guidance for a loss of 16 cents a share to 14 cents a share on May. 24. Shares have risen 6% since then.
In the same period a year ago, the company posted a loss of 1 cent a share on sales of $864 million. It reported net income of $1.2 billion.
The stock has risen 13.1% since the company last reported earnings on May. 23.
Quarterly estimates have fallen less than 1 cent a share in the past month.
In the upcoming quarter analysts are forecasting net income of $83 million, or 33 cents a share, on sales of $1.1 billion.
Intuit is currently trading at a price-to-forward-earnings ratio of 36.4 based on the 12-month estimates of 22 analysts surveyed by FactSet.
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