On September 22, Intuit fell 3.16% in regular trading, trading at $294.75/share, with turnover of $274 million. The stock has continued to slide following the company's Investor Day held on September 17, where management reiterated its below-consensus FY2027 guidance.

Specifically, Intuit reaffirmed its FY2027 non-GAAP EPS outlook of $22.88 to $23.12, falling short of the analyst consensus estimate of $23.14. Revenue guidance of $23.28 billion to $23.51 billion also came in below the Street's expectation of $23.41 billion. The company further outlined a three-year compound annual growth target of 10%-15% for its Global Business Solutions segment and 4%-8% for the Consumer segment.

Analysts had previously flagged that while the Investor Day could gradually help rebuild investor confidence, it was unlikely to serve as a near-term catalyst. Underlying concerns persist around TurboTax revenue growth decelerating to 2%-3% in FY2027 from 7% in FY2026, and Mailchimp revenue expected to be flat or decline 1%, pressuring the company's overall revenue structure and growth trajectory.

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