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. 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 th ...

Financial Data and Key Metrics - Revenue for FY '24 was $3.6 billion, a 4% increase ($138 million) driven by higher net average charge and company-owned volumes in the Assisted category, and greater online paid returns in DIY, partially offset by lower Emerald Card activity [18] - Total operating expenses increased by 3% ($82 million) to $2.8 billion, primarily due to higher labor costs and bad debt expense, partially offset by lower consulting and outsourced services [19] - Pretax income increased by 7% ($51 million) to $762 million, with an effective tax rate of 21.6% compared to 21% in the prior year [19] - EBITDA grew by 5% to $963 million, outpacing revenue growth [20] - Earnings per share (EPS) from continuing operations increased by 16% to $4.14, while adjusted EPS increased by 15% to $4.41 [20] - Free cash flow for FY '24 was over $650 million, driven by depreciation and amortization exceeding CapEx [27] Business Line Performance - DIY business saw strong revenue growth of 11%, driven by paid client growth and NAC (Net Average Charge) increases, with AI Tax Assist contributing to higher new client conversion [5][10] - Assisted business grew NAC and attracted higher-value clients, with positive trends in small business tax services [6] - Small Business segment delivered mid-single-digit revenue growth, with NAC up 3% and double-digit growth in bookkeeping and payroll [7] - Wave revenue grew 7%, driven by the launch of Pro-Tier and paid receipt products, with expectations for continued positive trends in FY '25 [8] - Spruce, the mobile banking platform, reached 476,000 sign-ups and nearly $1 billion in customer deposits, with 50% of deposits coming from non-tax sources [9] Market Performance - The company expects industry growth of 1% in FY '25, with DIY growing slightly faster than Assisted, consistent with long-term trends [38] - The company aims to maintain overall market share, with a focus on improving Assisted channel performance to stabilize share [39][40] Strategy and Competitive Landscape - The company continues to execute its Block Horizons strategy, focusing on Small Business, Wave, and Financial Products, with significant progress in all three areas [7][8][9] - The company is investing in AI-driven tools like AI Tax Assist and gen-AI use cases to drive future efficiencies and cost savings [10] - The company is focused on improving the client experience in the Assisted channel, particularly for new clients, to enhance conversion rates [26][41] Management Commentary on Operating Environment and Future Outlook - The company expects FY '25 revenue to be in the range of $3.69 billion to $3.75 billion, EBITDA between $975 million and $1.02 billion, and EPS between $5.15 and $5.35, benefiting from a lower effective tax rate of approximately 13% [22][23] - The company anticipates ongoing revenue growth drivers in Wave and Small Business, with continued opportunistic repurchases of franchise locations [22] - Management remains confident in the company's ability to leverage its cost structure to grow EBITDA faster than revenue and EPS faster than EBITDA [23] Other Key Information - The company announced a 17% increase in its quarterly dividend to $37.5 per share and a new $1.5 billion share repurchase authorization, continuing its strong capital allocation practices [6][21] - Tony Bowen, CFO, is retiring after 20 years with the company, and Tiffany Mason will succeed him as CFO starting September 13th [13][16] - Scott Manuel joined as Chief Strategy and Operations Officer, focusing on long-term enterprise strategy and execution [17] Q&A Session Summary Question: How does the company plan to maintain market share in the Assisted channel for FY '25? - The company is focusing on improving the client experience, particularly for new clients, by better managing expectations and enhancing the value proposition [26][41] Question: What are the expectations for free cash flow in FY '25? - Free cash flow is expected to remain strong, with depreciation and amortization continuing to exceed CapEx, maintaining a run rate of over $650 million [27] Question: How does the company view the impact of the upcoming election on the tax season? - The company does not expect the election to directly impact the tax filing season, but potential policy changes post-election could influence consumer behavior [30][31] Question: What are the levers for sustaining DIY market share growth? - The company is focused on delivering a competitive product, aggressive marketing against competitors like TurboTax, and continuous product improvements [33][34] Question: What is the outlook for margin expansion in FY '25 and beyond? - The company expects EBITDA to continue growing faster than revenue, leveraging cost structure improvements and productivity gains, with ongoing margin expansion [36][37] Question: What are the expectations for Assisted and DIY growth in FY '25? - DIY is expected to grow slightly faster than Assisted, consistent with long-term industry trends, with overall industry growth projected at 1% [38] Question: How will share repurchases impact FY '25 EPS? - The company expects to continue its share repurchase program opportunistically, contributing to EPS growth, with most repurchases typically occurring in the first half of the fiscal year [46][47] Question: What is the impact of the California extension on FY '24 revenue and FY '25 expectations? - The California extension contributed approximately 1 point to industry volume and 0.75 points to revenue in FY '24, with no significant impact expected in FY '25 [52] Question: When will the tax benefit impact EPS in FY '25? - The tax benefit is expected to impact EPS in a particular quarter, likely Q2 or later, once audit matters are resolved [50][51]

H&R BLOCK FY24 Financial Results Conference Call FY24 Financial Results Conference Call August 15, 2024 H&R BLOCK. H&R BLOCK FY24 Financial Results Conference Call Michaella Gallina VP, Investor Relations & ESG CFO, Wave 2 | --- | --- ...

H&R Block (HRB) reported $1.06 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 3%. EPS of $1.89 for the same period compares to $2.05 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.04 billion, representing a surprise of +2.58%. The company delivered an EPS surprise of +10.53%, with the consensus EPS estimate being $1.71. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

H&R Block (HRB) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.71 per share. This compares to earnings of $2.05 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this tax preparer would post earnings of $4.66 per share when it actually produced earnings of $4.94, delivering a surprise of 6.01%. Over the last four quarters, the company ha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-06089 H&R Block, Inc. (Exact name of registrant as specified in its charter) Missouri 44-0607856 (State or other jurisdiction of (I.R.S. Employer inco ...

News Release For Immediate Release: August 15, 2024 H&R Block Reports FY24 Results; Announces 17% Dividend Increase, & $1.5B Share Repurchase Authorization KANSAS CITY, Mo., August 15, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) (the "Company") today released its financial results for the fiscal year ended June 30, 2024. 1 ▪ H&R Block reported full year revenue of $3.6 billion (4% increase) and earnings per share from continuing operations of $4.14 (16% increase) 2 ▪ In FY24, the Company repurchase ...

H&R Block, Inc. (HRB) is scheduled to report its fourth-quarter fiscal 2024 results on Aug 15, after market close. The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in the past four quarters, the surprise being 10.3%, on average. H&R Block, Inc. Price and EPS Surprise H&R Block, Inc. price-eps-surprise | H&R Block, Inc. Quote Q4 Expectations The Zacks Consensus Estimate for revenues is pegged at $1 billion, indicating a marginal increase from the year-ago ...

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is H&R Block (HRB) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. H&R Block is one of 280 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #10 within the Zacks Sector Rank. ...

Analysts on Wall Street project that H&R Block (HRB) will announce quarterly earnings of $1.71 per share in its forthcoming report, representing a decline of 16.6% year over year. Revenues are projected to reach $1.04 billion, increasing 0.4% from the same quarter last year. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Before a company ann ...