H&R Block, Inc. (NYSE:HRB) provider of tax preparation and other services, is expected to report first quarter earnings results, after market close, on Tuesday 1st September 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.49 per share from revenue of $ 617.03 million.
Looking ahead, the full year income are expected at $ 3.33 per share on the revenues of $ 3583.92 million.
Previous Quarter Performance
H&R Block, Inc. outlined income for the fourth quarter of $ 3.01 per share, from the revenue of $ 1,809.00 million. The quarterly earnings fell 30.32 percent while revenues shrunk 22.44 percent compared with the same quarter last year.
Street analysts expected H&R Block, Inc. to report income of $ 2.61 per share on revenue of $ 1738.33 million for the fourth quarter. The bottom line results beat street analysts by $ 0.4 or 15.33 percent, at the same time, top line results outshined analysts by $ 70.67 million or 4.07 percent.
Stock Performance
Shares of H&R Block, Inc. traded low $ -0.44 or -2.96 percent on Monday, reaching $ 14.45 with volume of 1.93 million shares. The stock opened positive for the day at $ 15.07, after closing the previous day trading at $ 14.89.
According to the previous trading day, closing price of $ 14.89, representing a 31.89 % increase from the 52 week low of $ 11.29 and a 41.47 % decrease over the 52 week high of $ 25.44.
The company has a market capital of $ 2.79 billion and is part of the Consumer Cyclical sector and Personal Services industry.
Recent Analyst recommendations
- On 3rd August 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 17.00 target price.
- On 15th July 2020, upgraded by Northcoast Research to Buy from Neutral rating.
Conference Call
H&R Block, Inc. will be hosting a conference call at 4:30 PM eastern time on 1st September 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/n4hanpnz
H&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation, do-it-yourself (DIY) tax, and virtual tax preparation services and products to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail; and provides DIY tax services, including preparation of federal and state income tax returns, access to tax tips, advice and tax-related news, use of calculators for tax planning, and error checking and electronic filing.
