It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. It also includes access to the Zacks Style Scores. What ...

Over the past 90 days, the Zacks Consensus Estimate for HRB's full-year earnings has moved 1.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. Based on the most recent data, HRB has returned 9.6% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -2% on a year-to-date basis. As we can see, H&R Block is performing better than its sector in the calendar year. For those looking to find strong Consumer Discretionary sto ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium includes access to the Zacks Style Scores ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, i ...

Have you been paying attention to shares of H&R Block (HRB) ? Shares have been on the move with the stock up 15.7% over the past month. The stock hit a new 52-week high of $54.21 in the previous session. H&R Block has gained 10.7% since the start of the year compared to the -3% move for the Zacks Consumer Discretionary sector and the 8.2% return for the Zacks Consumer Services - Miscellaneous industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't ...

H&R Block, Inc. (HRB) reported impressive third-quarter fiscal 2024 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.HRB’s adjusted earnings (adjusting 8 cents from non-recurring items) of $4.94 per share surpassed the Zacks Consensus Estimate by 6% and increased 17.6% from the year-ago quarter. Revenues of $2.18 billion beat the consensus estimate by 2% and increased 4.4% year over year.H&R Block’s shares have gained 57.5% over the past year, significantly outperforming the 16. ...

For the quarter ended March 2024, H&R Block (HRB) reported revenue of $2.18 billion, up 4.4% over the same period last year. EPS came in at $4.94, compared to $4.20 in the year-ago quarter.The reported revenue represents a surprise of +1.98% over the Zacks Consensus Estimate of $2.14 billion. With the consensus EPS estimate being $4.66, the EPS surprise was +6.01%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

H&R Block (HRB) came out with quarterly earnings of $4.94 per share, beating the Zacks Consensus Estimate of $4.66 per share. This compares to earnings of $4.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.01%. A quarter ago, it was expected that this tax preparer would post a loss of $1.58 per share when it actually produced a loss of $1.27, delivering a surprise of 19.62%.Over the last four quarters, the company has sur ...

Revenue Performance - Service revenues for Q3 FY2024 reached $1,993,556, an increase of 5.8% compared to $1,885,035 in Q3 FY2023[9] - Total revenues for the nine months ended March 31, 2024, were $2,547,717, up 4.4% from $2,440,039 in the same period last year[9] - As of March 31, 2024, total revenues reached $2,184.8 million, an increase from $2,093.6 million in the same period of 2023, representing a growth of approximately 4.4%[26] - U.S. assisted tax preparation revenues for the three months ended March 31, 2024, were $1,534.8 million, compared to $1,453.0 million in the prior year, reflecting a year-over-year increase of about 5.6%[26] - U.S. DIY tax preparation revenues increased by $31.5 million, or 18.9%, due to an 8.9% rise in online paid returns and a 10.3% increase in paid net average charge[77] - Total revenues increased by $107.7 million, or 4.4%, to $2,547.7 million for the nine months ended March 31, 2024, compared to the prior year[83] - U.S. assisted tax preparation revenues rose by $91.9 million, or 6.0%, driven by a 4.6% increase in net average charge and higher company-owned tax return volumes[83] - U.S. DIY tax preparation revenues increased by $33.2 million, or 18.2%, primarily due to a 9.1% increase in online paid returns[84] Net Income and Earnings Per Share - Net income for Q3 FY2024 was $690,737, representing a 7.4% increase from $643,429 in Q3 FY2023[9] - Basic earnings per share for continuing operations increased to $4.94 in Q3 FY2024, compared to $4.22 in Q3 FY2023, reflecting a growth of 17.1%[9] - Net income from continuing operations attributable to common shareholders for Q3 FY2024 was $688.8 million, compared to $643.3 million in Q3 FY2023, representing a growth of 7.1%[29] - Diluted earnings per share from continuing operations increased to $4.87, up 17.6% from $4.14 in the prior year[75] - Net income from continuing operations was $339.6 million, a 31.7% increase from $257.8 million in the prior year[82] - Diluted earnings per share from continuing operations increased to $2.34, up 44.4% from $1.62 in the prior year[82] Assets and Liabilities - Total assets as of March 31, 2024, were $3,213,322, up from $3,072,258 as of June 30, 2023, indicating a growth of 4.6%[11] - Total liabilities increased to $3,343,128 as of March 31, 2024, from $3,040,194 as of June 30, 2023, reflecting a rise of 10%[11] - Total receivables as of March 31, 2024, amounted to $346.8 million, a significant increase from $59.99 million as of June 30, 2023[31] - Total long-term debt as of March 31, 2024, was $1,490.57 million, slightly up from $1,488.98 million as of June 30, 2023[43] Cash Flow and Operating Activities - Cash and cash equivalents decreased to $794,617 as of March 31, 2024, from $986,975 as of June 30, 2023, a decline of 19.5%[11] - Net cash provided by operating activities for the nine months ended March 31, 2024, was $420,264, down from $498,386 in the same period last year, a decrease of 15.7%[13] - The company reported a net cash used in financing activities of $520,503 for the nine months ended March 31, 2024, compared to $505,587 in the same period last year[13] - Cash provided by operating activities totaled $420.3 million, down from $498.4 million in the prior year[95] Dividends and Stock Repurchase - Dividends declared per share increased to $0.32 in Q3 FY2024 from $0.29 in Q3 FY2023, a rise of 10.3%[9] - The company repurchased and retired common shares totaling $220.3 million during the quarter ending December 31, 2023[15] - The company repurchased $350.1 million of its common stock at an average price of $43.66 per share during the nine months ended March 31, 2024[100] Operating Expenses and Bad Debt - Total operating expenses increased by $27.5 million, or 2.2%, with field wages rising by $29.5 million, or 6.1%, primarily due to higher company-owned volumes[78] - Bad debt expense increased by $6.7 million, or 19.7%, attributed to an increase in Refund Transfers and higher bad debt rates[78] - Total operating expenses increased by $25.4 million, or 1.2%, with field wages rising by $31.9 million, or 5.2%[85] - Bad debt expense increased by $10.5 million, or 18.5%, attributed to higher Refund Transfers and EA loans[85] Tax and Regulatory Matters - The effective tax rate for continuing operations was 17.6% for the nine months ended March 31, 2024, down from 23.3% for the same period in 2023[48] - The company recorded discrete income tax benefits of $26.0 million for the nine months ended March 31, 2024, compared to $4.2 million for the same period in 2023[49] - The effective tax rate for the three months ended March 31, 2024, was 23.8%, compared to 24.5% in the prior year[80] - The company is involved in litigation matters, including a complaint filed by the FTC regarding its DIY tax preparation services, with a hearing scheduled for October 23, 2024[66] Acquisitions and Goodwill - Goodwill increased to $787.6 million as of March 31, 2024, up from $775.5 million as of July 1, 2023, due to acquisitions totaling $18.9 million[39] - The company made payments to acquire businesses totaling $43.2 million during the nine months ended March 31, 2024, compared to $47.7 million in the same period in 2023[41] - Estimated liabilities related to acquisitions were $27.9 million as of March 31, 2024, up from $18.3 million as of June 30, 2023[51] Other Financial Metrics - The company had gross unrecognized tax benefits of $245.8 million as of March 31, 2024, an increase of $5.7 million from $240.1 million as of June 30, 2023[47] - The company has a CLOC capacity of up to $1.5 billion, with no outstanding balance as of March 31, 2024[103] - The company relies on cash from operations and debt issuances to fund working capital and service debt, especially during off-peak months[91]

Financial Performance - For the third quarter of fiscal 2024, H&R Block reported total revenue of $2.2 billion, an increase of $91.2 million or 4% compared to the prior year[4]. - Net income grew by 7%, resulting in earnings per share from continuing operations increasing from $4.14 to $4.87, a growth of 18%[3][5]. - The company reported a pretax income increase of $51.9 million to $907.4 million, driven by higher revenues[4]. - Total revenues for the three months ended March 31, 2024, increased to $2,184,834, up 4.4% from $2,093,649 in the same period of 2023[14]. - Net income for the three months ended March 31, 2024, was $690,737, representing a 7.4% increase compared to $643,429 in the prior year[14]. - Diluted earnings per share for continuing operations rose to $4.87, up from $4.14 in the same quarter of 2023, reflecting a 17.6% increase[14]. - EBITDA from continuing operations for Q1 2024 reached $964,100, compared to $910,039 in Q1 2023, reflecting an increase of about 5.9%[17]. - Adjusted net income from continuing operations for Q1 2024 was $701,622, up from $655,898 in Q1 2023, indicating a rise of approximately 6.9%[17]. - The company reported a total EBITDA of $566,432 for the nine months ended March 31, 2024, compared to $491,868 for the same period in 2023, reflecting a growth of approximately 15.1%[17]. Operating Expenses - Total operating expenses rose to $1.3 billion, an increase of $27.5 million, primarily due to higher field wages and legal fees[4]. - Total operating expenses for the three months ended March 31, 2024, were $1,256,630, an increase of 2.2% from $1,229,147 in the same period of 2023[14]. Shareholder Returns - The company has returned over $3.8 billion to shareholders since 2016 through dividends and share repurchases, buying back over 40% of its shares outstanding[6]. - H&R Block's cash dividend of $0.32 per share is payable on July 3, 2024, marking consecutive quarterly dividends since going public in 1962[11]. - The company repurchased common stock totaling $379,018 during the nine months ended March 31, 2024[16]. Future Projections - H&R Block expects to finish fiscal 2024 near the high end of its previously announced outlook, with revenue projected between $3.530 billion and $3.585 billion[11]. - Adjusted diluted earnings per share are projected to be in the range of $4.10 to $4.30 for fiscal 2024[11]. - The effective tax rate is now expected to be in the range of 21-22%, down from the previous estimate of 23%[6]. Cash Flow and Assets - Cash and cash equivalents decreased to $794,617 as of March 31, 2024, down from $986,975 as of June 30, 2023[15]. - Total assets increased to $3,213,322 as of March 31, 2024, compared to $3,072,258 as of June 30, 2023, marking a growth of 4.6%[15]. - Net cash provided by operating activities for the nine months ended March 31, 2024, was $420,264, down from $498,386 in the same period of 2023[16]. - Total liabilities increased to $3,343,128 as of March 31, 2024, from $3,040,194 as of June 30, 2023[15]. Non-GAAP Measures - The company continues to utilize non-GAAP financial measures to evaluate ongoing operating performance, including EBITDA and adjusted earnings per share[20]. - The adjustments made for non-GAAP measures include amortization of intangibles related to acquisitions, which amounted to $12,869 for Q1 2024[19]. - The company emphasizes the importance of free cash flow and free cash flow yield as part of its performance metrics[20].