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PREVIEW: Intuit shares jump; results due after the bell



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** Intuit Inc INTU.O shares up ~4.5% in afternoon trading Thurs, on track for their biggest daily pct increase since Nov. 6, with the software co due to post a rise in qtrly rev when it reports results after the closing bell

** Broader market is also higher in afternoon trading; S&P 500 index .SPX up ~0.75%

** Intuit expected to post an increase in rev to $3.12 bln from $2.98 bln in the yr-ago period, while it is due to post adj earnings of $2.35/shr vs $2.47 yr ago, according to LSEG

** Co has beaten analysts' earnings expectations in all of the past eight reporting periods, per LSEG

** On Sept. 20, Intuit shares eased after Spruce Point Capital revealed a short position

** Analyst recommendations include 23 "strong buy" or "buy" ratings, eight "hold" ratings and no "sell" or "strong sell" ratings, based on LSEG data.

** The median 12-mo price target for the stock is $740; the stock was last at ~$680

** Including the session move, INTU is up about 8% YTD compared with a roughly 26% gain for the Nasdaq composite .IXIC​​​



Reporting by Caroline Valetkevitch

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