The TurboTax share of total returns could also be up year over year for the season. While that revenue will be delayed, Intuit said that it expects TurboTax Live customer growth to be up more than 70%. The management's profit forecast fell to the range of $6 to $6.05, down from the prior range of $6.75 to $6.85. That is down from the previous expectation of $4.605 billion to $4.655 billion. Intuit lowered its revenue guidance and now expects somewhere between $4.165 billion to $4.170 billion. Let's first take a look at what to expect from the Intuit earnings report today. The stock also has the potential to scream 'buy' if this report comes lower than expected. That said, growth in another massive segment could fuel the Intuit stock report in Q3. That means one of the company's biggest revenue injections of the year could appear on the Q4 report rather than the Q3. Since the quarter ended on the last business day of April, the IRS extension of the deadline to May 17 pushed a good deal of business into the next quarter.

Much of that business will come in close to the filing deadline. One of Intuit's most popular products is Turbo Tax, the tax preparation software and service.

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