Compared to Estimates, H&R Block (HRB) Q1 Earnings: A Look at Key Metrics

Core Insights - H&R Block reported revenue of $193.81 million for the quarter ended September 2024, marking a year-over-year increase of 5.5% and a surprise of +2.66% over the Zacks Consensus Estimate of $188.78 million [1] - The company reported an EPS of -$1.17, which is a decline from -$1.05 a year ago, but exceeded the consensus EPS estimate of -$1.21 by +3.31% [1] Revenue Performance by Segment - U.S. assisted tax preparation revenue was $42.96 million, exceeding the average estimate of $39.93 million, with a year-over-year increase of +9.4% [3] - U.S. royalties generated $5.85 million, surpassing the average estimate of $5.54 million, reflecting a year-over-year increase of +2.7% [3] - U.S. DIY tax preparation revenue was $3.24 million, below the average estimate of $4.13 million, showing a year-over-year decline of -15.9% [3] - International revenue reached $64.86 million, exceeding the estimated $61.36 million, with a year-over-year increase of +7.1% [3] - Tax Identity Shield revenue was $3.91 million, below the average estimate of $4.46 million, representing a year-over-year decline of -14.7% [3] - Emerald Card revenue was $8.83 million, slightly below the average estimate of $8.92 million, with a year-over-year increase of +2.2% [3] - Peace of Mind Extended Service Plan revenue was $23.10 million, below the average estimate of $24.85 million, reflecting a year-over-year decline of -7% [3] - Other revenues totaled $13.81 million, exceeding the average estimate of $11.85 million, with a year-over-year increase of +25.8% [3] - Wave revenue was $26.40 million, slightly below the average estimate of $26.51 million, with a year-over-year increase of +10.3% [3] - Refund Transfers revenue was $0.86 million, below the average estimate of $1.16 million, showing a year-over-year decline of -24.7% [3] Stock Performance - H&R Block shares have returned +1.3% over the past month, compared to the Zacks S&P 500 composite's +3.2% change, with a current Zacks Rank of 3 (Hold) indicating potential performance in line with the broader market [4]