Intuit (INTU) reports earnings tomorrow Monday November 20th before the open.
It beats EPS estimates by 43% by average.
The stock goes up 3%, on average, after reporting earnings.
Their best-selling product is TurboTax. They are selling more product online as a digital download and selling less physical discs. This gives Intuit better profit margins and helps them have a better engagement with their customers.
This strategy is the same strategy utilized by the gaming companies such as EA (EA), Activision (ATVI) and Take-Two Interactive (TTWO).
Even though a new Tax Plan might pass legislation, we still think that people will need tax software such as TurboTax.
We are long the January 2019 calls.
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