H&R Block (HRB) Reports Q1 Loss, Tops Revenue Estimates

Group 1 - H&R Block reported a quarterly loss of $1.17 per share, which was better than the Zacks Consensus Estimate of a loss of $1.21, but worse than the loss of $1.05 per share a year ago, indicating an earnings surprise of 3.31% [1] - The company posted revenues of $193.81 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.66% and showing an increase from $183.8 million in the same quarter last year [2] - H&R Block shares have increased approximately 29.3% since the beginning of the year, outperforming the S&P 500's gain of 24.3% [3] Group 2 - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The estimate revisions trend for H&R Block is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$1.44 on revenues of $184.48 million, and for the current fiscal year, it is $5.25 on revenues of $3.72 billion [7] Group 3 - The outlook for the Consumer Services - Miscellaneous industry, where H&R Block operates, is currently in the bottom 25% of over 250 Zacks industries, which may negatively impact stock performance [8]