11:47 AM EDT, 08/23/2024 (MT Newswires) -- Intuit's (INTU) "decent" Q4 results were led by the Small Business and Self-Employed and the Credit Karma segments, but weakened by lower Consumer group performance, RBC Capital Markets said in a note Friday.

The company reported fiscal Q4 non-GAAP earnings of $1.99 per diluted share on revenue of $3.18 billion. Analysts polled by Capital IQ expected EPS of $1.85 on sales of $3.09 billion.

The company's revenue exceeded forecasts by about $100 million, led the upside by a $57 million boost from the Small Business segment and a $45 million increase from Credit Karma, "but offset by light Consumer group results," RBC said.

"Total revenue guidance was slightly ahead of consensus, calling for roughly stable growth YoY," RBC said, adding that The SBSE segment showed strong guidance, with Credit Karma roughly in line with expectations, and the Consumer segment slightly underperforming.

"The bright spot of the quarter, in our view, was a solid Q4 EPS beat (margins were inline), bringing full-year EPS growth to 18%," RBC said, adding that "[2025] revenue guidance was roughly as expected, but margins were nicely ahead."

RBC maintained an outperform rating on Intuit with a price target of $760.

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