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H&R Block (HRB) to Post Q1 Earnings: What's in the Offing?
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H&R Block, Inc. (HRB - Free Report) is scheduled to report first-quarter fiscal 2021 results on Sep 1, after the bell. The company delivered an earnings surprise of 0.7% in the past four quarters, on average.
Expectations This Time Around
H&R Block’s financial performance in the to-be-reported quarter is expected to have been driven by digital capabilities which the company increased quickly to cope up with restrictions on working from physical premises. As a result, strength across Tax Pro Review, Tax Pro Go, and Approve Online features are expected to reflect on the company’s top and bottom lines.
The Zacks Consensus Estimate for revenues is pegged at $557.9 million, indicating year-over-year growth of more than 100%. In the fourth-quarter fiscal 2020, revenues of $1.81 billion declined 22.3% year over year.
The consensus estimate for earnings stands at 37 cents, indicating year-over-year increase of more than 100%. In the fourth-quarter fiscal 2020, adjusted earnings of $3.01 per share was down 30.3% year over year.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for H&R Block this season. The combination of a positive Earnings ESP, and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Equifax (EFX - Free Report) reported better-than-expected second-quarter 2020 adjusted earnings of $1.60 per share, which beat the Zacks Consensus Estimate by 22.1% and improved 14.3% on a year-over-year basis.
IQVIA Holdings (IQV - Free Report) reported second-quarter 2020 adjusted earnings per share of $1.18, which beat the consensus mark by 12.4% but fell 22.9% on a year-over-year basis.
Robert Half (RHI - Free Report) reported second-quarter 2020 earnings of 41 cents per share that beat the consensus mark by 17% but were down 58% year over year.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
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H&R Block (HRB) to Post Q1 Earnings: What's in the Offing?
H&R Block, Inc. (HRB - Free Report) is scheduled to report first-quarter fiscal 2021 results on Sep 1, after the bell. The company delivered an earnings surprise of 0.7% in the past four quarters, on average.
Expectations This Time Around
H&R Block’s financial performance in the to-be-reported quarter is expected to have been driven by digital capabilities which the company increased quickly to cope up with restrictions on working from physical premises. As a result, strength across Tax Pro Review, Tax Pro Go, and Approve Online features are expected to reflect on the company’s top and bottom lines.
The Zacks Consensus Estimate for revenues is pegged at $557.9 million, indicating year-over-year growth of more than 100%. In the fourth-quarter fiscal 2020, revenues of $1.81 billion declined 22.3% year over year.
The consensus estimate for earnings stands at 37 cents, indicating year-over-year increase of more than 100%. In the fourth-quarter fiscal 2020, adjusted earnings of $3.01 per share was down 30.3% year over year.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for H&R Block this season. The combination of a positive Earnings ESP, and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
H&R Block has an Earnings ESP of -16.67% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
HR Block, Inc. Price and EPS Surprise
HR Block, Inc. price-eps-surprise | HR Block, Inc. Quote
Performance of Other Business Services Companies
Equifax (EFX - Free Report) reported better-than-expected second-quarter 2020 adjusted earnings of $1.60 per share, which beat the Zacks Consensus Estimate by 22.1% and improved 14.3% on a year-over-year basis.
IQVIA Holdings (IQV - Free Report) reported second-quarter 2020 adjusted earnings per share of $1.18, which beat the consensus mark by 12.4% but fell 22.9% on a year-over-year basis.
Robert Half (RHI - Free Report) reported second-quarter 2020 earnings of 41 cents per share that beat the consensus mark by 17% but were down 58% year over year.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>