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Is H&R Block (HRB) a Great Value Stock Right Now?
ZACKS· 2024-11-14 15:45
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of a ...
Is H&R Block (HRB) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2024-11-11 18:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks ...
H&R Block(HRB) - 2025 Q1 - Earnings Call Transcript
2024-11-08 02:37
H&R Block, Inc. (NYSE:HRB) Q1 2025 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Michaella Gallina - Vice President, Investor Relations Jeff Jones - President and Chief Executive Officer Tiffany Mason - Chief Financial Officer Conference Call Participants Kartik Mehta - Northcoast Research Scott Schneeberger - Oppenheimer & Co. George Tong - Goldman Sachs Alex Paris - Barrington Research Operator Thank you for standing by, and welcome to H&R Block's First Quarter Fiscal Year 2025 ...
Compared to Estimates, H&R Block (HRB) Q1 Earnings: A Look at Key Metrics
ZACKS· 2024-11-08 00:30
H&R Block (HRB) reported $193.81 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.5%. EPS of -$1.17 for the same period compares to -$1.05 a year ago.The reported revenue represents a surprise of +2.66% over the Zacks Consensus Estimate of $188.78 million. With the consensus EPS estimate being -$1.21, the EPS surprise was +3.31%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...
H&R Block (HRB) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2024-11-07 23:51
H&R Block (HRB) came out with a quarterly loss of $1.17 per share versus the Zacks Consensus Estimate of a loss of $1.21. This compares to loss of $1.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.31%. A quarter ago, it was expected that this tax preparer would post earnings of $1.71 per share when it actually produced earnings of $1.89, delivering a surprise of 10.53%.Over the last four quarters, the company has surpass ...
H&R Block(HRB) - 2025 Q1 - Quarterly Report
2024-11-07 21:47
Revenue Performance - Total revenues increased by $10.0 million, or 5.4%, to $193.8 million for the three months ended September 30, 2024, compared to the prior year[36] - U.S. assisted tax preparation revenues rose by $3.7 million, or 9.4%, driven by higher company-owned tax return volumes and an increase in net average charge[38] - International tax preparation revenues increased by $4.3 million, or 7.1%, primarily due to higher tax return volumes in Australia and favorable foreign currency exchange rates[38] Operating Expenses - Total operating expenses rose by $32.0 million, or 8.2%, with field wages increasing by $5.7 million, or 9.1%, due to higher tax professional wages[38] - Marketing and advertising expenses surged by $4.5 million, or 81.9%, attributed to lower vendor refunds for expired customer incentives and increased online advertising[38] Net Loss and Earnings Per Share - Net loss from continuing operations was $171.4 million, compared to a loss of $162.9 million in the prior year, reflecting an increase of $8.5 million, or 5.2%[36] - Basic and diluted loss per share for continuing operations was $(1.23), compared to $(1.11) in the prior year, representing a decrease of 10.8%[36] - Adjusted diluted loss per share from continuing operations was $(1.17) for the three months ended September 30, 2024, compared to $(1.05) in the prior year[56] Cash Flow and Financing Activities - Cash used in operating activities totaled $328.6 million for the three months ended September 30, 2024, compared to $335.0 million in the prior year[45] - Cash used in financing activities increased to $284.5 million, up from $195.2 million in the prior year, primarily due to higher repurchases of common stock[45] Tax and Dividends - The effective tax rate for the three months ended September 30, 2024, was 26.2%, compared to 23.3% in the prior year[40] - Dividends paid totaled $44.7 million for the three months ended September 30, 2024, compared to $43.0 million for the same period in 2023, reflecting a year-over-year increase of 3.95%[46] Share Repurchase and Capital Expenditures - The company repurchased $209.6 million of its common stock at an average price of $63.51 per share during the three months ended September 30, 2024, compared to $132.0 million at an average price of $40.43 per share in the prior year period, indicating a significant increase in repurchase activity[46] - Capital expenditures increased to $18.7 million for the three months ended September 30, 2024, up from $12.9 million in the same period of 2023, representing a 45% increase[47] Acquisitions and Commitments - The company acquired franchisee and competitor businesses totaling $5.9 million during the three months ended September 30, 2024, compared to $6.9 million in the prior year period[47] - The company has a remaining commitment to purchase additional federal Investment tax credits (ITCs) estimated to be $74.0 million, with the final payment anticipated by June 30, 2025[48] Cash Position - As of September 30, 2024, the company held cash and cash equivalents of $415.9 million, including $183.5 million held by foreign subsidiaries[48]
H&R Block(HRB) - 2025 Q1 - Quarterly Results
2024-11-07 21:07
Exhibit 99.1 News Release For Immediate Release: November 7, 2024 H&R Block Reports Fiscal 2025 First Quarter Results — Revenue Increased 5% — — Repurchased $210 Million of Shares — — Reaffirms Full Year Outlook — 1 KANSAS CITY, Mo. - H&R Block, Inc. (NYSE: HRB) (the "Company") today released financial results for its fiscal 2025 first quarter ended September 30, 2024. "We had a good start to the year and I am pleased with our performance in the quarter," said Jeff Jones, president and chief executive offic ...
Pick These 4 Stocks With Excellent Interest Coverage Ratio
ZACKS· 2024-10-28 15:15
We often judge a company based on its sales and earnings. These metrics, however, may not be sufficient on their own. A stock might get a boost if these figures rise year over year or surpass estimates in a particular quarter, offering a lucrative opportunity for short-term investors to cash in. However, relying solely on sales and earnings numbers may not yield the desired long-term returns. For those seeking sustainable investment growth, a deeper dive into the company's financial health and stability is ...
Best Income Stocks to Buy for October 25th
ZACKS· 2024-10-25 08:31
Here are three stocks with buy rank and strong income characteristics for investors to consider today, October 25:Virtu Financial, Inc. (VIRT) : This financial services company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.7% the last 60 days.This Zacks Rank #1 company has a dividend yield of 3%, compared with the industry average of 0.0%Kinross Gold Corporation (KGC) : This gold exploration and development company has witnessed the Zacks Consensus Estimate for its cu ...
Best Value Stocks to Buy for October 25th
ZACKS· 2024-10-25 08:16
Here are three stocks with buy rank and strong value characteristics for investors to consider today, October 25:Kinross Gold Corporation (KGC) : This gold exploration and development company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.Kinross Gold Corporation has a price-to-earnings ratio (P/E) of 17.12 compared with 23.47 for the S&P. The company possesses a Value Score of A.Virtu Financial, Inc. (VIRT) : This ...