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H&R Block Stock Rises 27% in a Year: What You Should Know
SQBLOCK(SQ) ZACKS·2024-12-03 19:01

Group 1 - H&R Block, Inc. (HRB) has seen a stock appreciation of 27% over the past year, outperforming the industry average of 15% [1] - The company's focus on essential services like tax preparation and financial advice ensures its stability during economic downturns, appealing to defensive investors [2] - HRB has reported better-than-expected earnings and revenue in the last four quarters, driven by improvements in net average charge, tax return volume growth, and disciplined cost management [2] Group 2 - Key drivers of H&R Block's post-pandemic performance include digital enablement, client addition and retention, and increased use of AI and machine learning for product improvement [3] - The company has a strong commitment to shareholder returns, distributing dividends of 179.8millioninfiscal2024,179.8 million in fiscal 2024, 177.9 million in 2023, and 186.5millionin2022,alongwithsharebuybacksof186.5 million in 2022, along with share buybacks of 350.1 million, 550.2million,and550.2 million, and 563.2 million respectively [4] Group 3 - H&R Block currently holds a Zacks Rank 2 (Buy), indicating positive market sentiment [5] - Other top-ranked stocks include Booz Allen Hamilton (BAH), Braze (BRZE), and DLocal Limited (DLO), all carrying a Zacks Rank 2 [5][6]