- H&R Block’s adjusted EPS from continuing operations came in at $2.27, missing the estimate of $2.83.
- Earnings per share from continuing operations were $2.21.
- The company reported revenue of $1.11 billion, exceeding expectations of $1.09 billion.
- US assisted tax preparation revenue was $686.0 million, surpassing estimates of $652.9 million.
- US royalties revenue fell short at $49.6 million, below the expected $56.7 million.
- US DIY tax preparation revenue achieved $152.1 million, outperforming the estimate of $127.1 million.
- Refund transfers revenue was slightly under expectations at $22.3 million versus $22.7 million.
- The Peace of Mind extended service plan revenue collected $32.5 million, below the estimated $37.3 million.
- Tax Identity Shield revenue met expectations at $15.0 million, slightly above the estimate of $14.9 million.
- Interest and fee income on Emerald Advance was significantly lower at $2.36 million compared to the estimated $10.5 million.
- International revenue was $89.9 million, just under the estimate of $91.8 million.
- Wave revenue exceeded expectations, reaching $29.5 million versus the estimated $25.7 million.
- Adjusted EBITDA from continuing operations was $413.2 million, missing the forecast of $421 million.
- Total operating expenses were reported at $739.7 million, higher than the expected $718.4 million.
- Analyst recommendations include 1 buy, 2 holds, and 1 sell.
A look at H&R Block Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analyzing the Smartkarma Smart Scores for H&R Block Inc reveals a mixed outlook for the company in the long term. While the company scores well in Resilience and Dividend, with a solid rating of 5 and 4 respectively, its Value and Growth scores are comparatively lower at 2 and 3. Momentum stands at a respectable 4. H&R Block Inc, known for providing a broad array of financial products and services, including tax services, accounting, and consumer financial software, seems poised to weather uncertainties well, offering stability and potential dividends to investors.
H&R Block Inc‘s strong performance in resilience and dividends suggests a reliable income stream for investors, reflecting the company’s ability to withstand market fluctuations. With a moderate growth score and solid momentum, H&R Block Inc may see steady progress in the future. The company’s varied offerings in tax services and financial software cater to a diverse clientele, hinting at potential growth opportunities. Overall, H&R Block Inc‘s Smart Scores paint a picture of a company with solid fundamentals and potential for sustained performance in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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